I think its impacting the value of the project because its allowing rivals like Neo to steal alot of financial input from potential investors. Crypto is a fast moving market place there's no time to stop and admire the scenery.
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But that has nothing to do with the ICO. Thats just the time to develop.
The ICO didn't have to be matched to the same time period as development
Ok thats true. They will not be able to start sooner with the product because of the ICO