Thanks for your input. Many of us, I include myself have seen ICO scams or have been scammed a few satoshis at least once. C-cex will not release the funds until all necessary precautions are taken. I will be working to be as transparent as possible, and for everyone to see exactly what we are doing.
I'm not talking about releasing the funds after they check out the wallet and make sure it's working properly. Nor releasing funds a couple of days after the ICO.
I mean releasing funds over the period of months. You need funds to hire a dev, submit a request and outlined plan, then they dribble out those funds. You need btc for marketing, the same. That sort of thing. Only Poloniex is currently doing ICOs that way, that I am aware of, but it's really how ICOs should be run.
Then again, it may not matter if this ICO doesn't do particularly well. If you are talking about a handful of btc, it's not exactly a big deal either way.
I agree with you, but wether it is only 1 BTC or 50 BTC it matters equally.