I think that the market circumstances really stopped Gemera from achieving their ICO goals. But as any project, they should've had a backup plan in case funding didn't go as expected. That, if they were planning by all means to launch the project. If they were just testing the waters to see what happened, probably they won't continue with the project. It's sad but has there been any official announcement from the team to reach these conclusions?

I invite you to listen to my drum&bass project here: (both blockchain based streaming platforms):
https://musicoin.org/nav/artist/0x16a15fea8efd9fd580907fd889efcdf85255d792
https://choon.co/artists/flocculent/

No, it doesn't seem like a scam. They have already said then if softcap doesn't get reached, current investors will get refund of their investment. They also had gemera marketplace ready (http://market.gemera.io).

they indeed say that if the softcap is not reached the funds will be rerefunded but why at the end of last year the ICO was supposed to end and the softcap was not reached they instead extended the ICO, as if they did not want to return the funds
I know that most ICOs are extended, but they also have to know if they want to extend they have to know how to get investors interested in investing

They had their plans changed. They once also said that, Gemera will continue whether the softcap gets reached or not. I believe current period is last extension and if softcap doesn't get reached this time, project will discontinue and investors will be refunded.

if the developer tries to get a softcap they will try to attract investor interest he will actively promote, but we can see now that their social media is not active, and I am also not sure the investor's money will be returned

They seem like an honest people, also sylon managed their bounty (he's one of the most trusted BMs on bitcointalk) — pretty sure money will be returned.

I believe Gemera will refund investor funds (if the project is declare a failed). But, I'm not sure people will give trust based on to sylon, lately the project he handle almost average died halfway.

I don't know where that trust came from, but I believe with honesty of the gemera team.

This is true, if the team announces a project that has not taken place, then there should not be any problems with the returns of investors' funds. There have not been collected large amounts.

They have collected around $100k usd, so 1000 ETH and not 100 ETH.


Not sure if you read replies just above yours? Gemera team won't continue the project if softcap isn't reached.

Sure, they will refund. But, I don't agree with 'they only want to try harder so that their project can operate, so they extend the ICO' — since the extension was announced there is literally no activity from admins in Gemera official group, no updates on twitter whatsoever or on medium. Just extending ICO does not bring investors.