The 2021-05-30 Presale did not reach its first target. Less than 100 of the needed 350 BNB were proffered, resulting in a failed Presale and return of funds to the participants.
From here, it looks like the Developers relied too much on the code, and on chatroom enthusiasm.
The minimum target approximated to 3 Bitcoin, and although this is not a big ask in cryptoworld, ARQ's capitalisation is now $164K, and ranked 2122, so the launch intended to more than double the capitalisation of the ARQ extended codebase.
The Developers put their code and their roadmap on the table for everyone to research.
But with this new offering much more than ARQ has to go though due diligence.
Researchers have to look at Binance, the world's biggest crypto exchange that is itself rapidly evolving.
Will any of Binance's projects overshadow what ARQ is doing?
Is Binance entirely compatible from financial, and other perspectives, with the aims, objectives and goals of the ARQ team?
Are the legalities of the process proposed Binance - bARQ - ARQ and looked at world wide likely to run into problems?
If there are problems, are the Developers sufficiently resourced to manage the problems and to continue development?
Be in no doubt: these Developers propose something that is truly groundbreaking. With that comes huge risks.
They have built a better mousetrap. Will the world buy it?
As Mike Tyson said "Everyone has a plan until they get punched in the face"
Will the Developers be back, better prepared, I suspect we will soon see.