It's not dead, but initial investors are currently looking at a huge 85% loss on their investment. I know that guys are still working on this, but with all the problems since the start, confidence has been lost. You can probably name a bunch of coins that have less development, but much more stable price, confidence being the difference. 5x below IPO price certainly doesn't mean anything good. That being said, I am still holding, but this is looking more and more ugly by the day. No one can deny that. I hope the project survives, but if the trend continues, eventually devs will have to pull the plug on this, since they obviously depend on the IPO funds. This would be the worst case scenario and we all loose.