Escrow service is not a guarantee for preventing scams. Be aware that the release of some coins and an app will already release the funds. There is a buffer of 7 days to check for strange things, which is good. BUT; in whitepaper it is clearly stated that rebates can be hold for 60-90 days by the merchant before being actually credited. So in theory dev can run with the funds without any actual rebates. (or the small amount of rebates in these 7 days will be funded by the 9% coins held by the developers)
Lowering the minimum funding to a value already reached is a red flag. Is it approved by the escrow?
This ^^^^^^
Those are words of wisdom. Happy to see some people actually thinking.
Folks, Devs are happy with any amount. The more BTC you will give them, the better [for them, not for you]. Free gifts are always welcome
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So it is absolutely expected they would have lowered the minimum target. If they were a bit more careful, and/or more rich, they would have sent missing BTC to the ICO address themselves, to meet the old target. But probably they are happy with what is already there. That (70 BTC) is a good pay for useless app, couple of wallets and a long bullshit whitepaper.
