It's going to be launch but I am not sure if it will happen as per schedule.
Yes its true that there has been a lot of criticism but if they would comply and follow the recommendation of the regulating bodies, I think they'll be able to have it successfully launch. They have a big vision for this coin, its their representation in the crypto space and they can utilize their platform to help inform the people regarding this project,  right now, the only problem is more on the regulatory, once they pass that, we can expect a launch after that.