There are many examples where without the availability of the product and significant progress in the development of the price of the token is greatly increased. Progress in development is not the main thing. Here lost reputation

Wait new project? Are they somehow related to Bitclave or running on the same ecosystem? Not that it really matters if there's no developement on bitclave either...

This is a new project, on which the old team is working, or rather what is left of it for the money from the old project

In the russian topic of the project this theme is more actively discussed. I can't say with certainty how they spend money, but what is happening is very much worrying. You can use google translate and start with these messages and read more in russian topic, if you are interested https://bt.irlbtc.com/view/2030152.msg45671087#msg45671087 and  https://bt.irlbtc.com/view/2030152.msg45831488#msg45831488

With Bitclave, the situation is incomprehensible.  It seems that work is going on, but the administration keeps silence in telegram.  It is not clear what the team is going to do next.  Only T-shirts are sent and that's it.  Not so with investors.

Then they wanted to get the money and pretended that really eager to start developing the project. But the money is received and the motivation is lost

They share nothing and that's why I have almost lost my hope. But there still some admins in the official Telegram group that telling investors the project is ongoing and the products will be released. What is going on is completely unclear. However the probability of death of the project is much higher.

LOL, how correct you are. In this case you have no recourse but to hold or just dump and realize your huge losses. There is no legal way to enforce financial transparency since  ICOs are new and no laws are made concerning them.

Every Coin that completed their ICO in 2017 are kept silent without any updates, this makes many investors get into panic whether to sell them or hold. Without proper updates it will lead to panic in the investors, maybe we need to wait until the market starts recovering.

Apart from that, whether we are interested in it or not, we must appreciate the work of the team, because if the team doesn't do anything, maybe people will think this project is dead.