I believe they didn't want to take any responsibility, and they've done things in such a pathetic way so that if someone complains, they can say there was a token and that the market just didn’t help — when in reality, they’ve completely changed everything. The token now has no utility, is no longer linked to them, and the tokenomics have been altered to destroy any value. Honestly, any random memecoin is better made than this trash. It’s clear they’re trying to go unnoticed, ignoring all the noise just like they've done since January. I never imagined something like this from FortuneJack, but they’ve proven to be true scavengers of the worst kind.
This is the problem when there’s less demand in the presale while they use already the liquidity from the investment in exchange for their token.
This is very common downside of casino utility token if the casino failed to deliver a good utility to their token since no one will buy while the majority of presale buyer will rush to sell their tokens on thin liquidity on exchange.
I believe FJ will not completely destroy their reputation on this failed token sale. Initiating refund is the right approach if they don’t want to continue the token.