The dead?? 
No, it's not dead. We are working. Wait for IPO and new version. It's soon.
On next week i think we will invite peoples for test our PoS.
is ipo open?
Not yet. I think around 7 June. Provide your emails: http://crypti.me . I will notify your about date and in IPO start day.
11 months from now? Also - I'm confused here. So people have to buy shares of the IPO weeks before there is even a working wallet? Also, I'm assuming we will get to see a demo of all of the planned projects before investing? Is there a refund to investors if you don't reach a milestone? I'm confused by the whole thing I guess.
Isn't it pretty easy?
You don't like it, don't invest.
I'm pretty sure you will though. And you hope you will be one of the few who do.