http://www.scmp.com/business/article/2109191/blockchain-start-loopring-raises-us45m-ico-regulator-intensifies-scrutiny

article about them in South China Morning Post.

I know their website / announcement thread looks like shit but that's just how Chinese companies operate. Solid team, solid backing, don't think this will go any lower than ICO price...

It is no scam. Every Project is called scam in the begining. Da Hongfei and loopring are working together very close. Tomorrow there will be an Announcment from the NEO Team (Look at Da Honfei's Twitter). They are going to announce their partnership with loopring!

The Website is really not an issue. Neo's Website was awful before the rebranding. Even after the rebranding from Antshares to NEO their Website was full of grammar mistakes and is as of today still super slow. Technology comes first in China. Don't expect fancy marketing or huge communication. Even though that would really help to increase the trust and also the price. Different culture, different approach.

EDIT:
I remember when ARK was at 6 cents and everyone called it a scam and/or a copy of LISK. Now that it has reached 2$ everyone claims it is the new ethereum. It is really hard to invest in a coin that is in his early stages when everyone is afraid. With that being said, don't invest money you need and do your own research.

2. Organizations and individuals can not participate in the ICO without an official permission to do so

Any type of ICO must be terminated immediately after the [publication of] this application. Organizations and individuals who have already completed the ICO campaign will have to return to their investors funds to protect their legitimate rights and interests, as well as to eliminate risks. The relevant departments will investigate the actions of individuals who refuse to stop organizing ICO campaigns, as well as fulfill all requirements related to past fund-raising campaigns.

So did they return any funds? Seeing that the ICO is complete

This project has a lot of great people behind it. Barring any disastrous news from the Chinese government, this coin should do well.

Will there be a better looking ANN thread? This one doesn't look professional by any means..

Looks like a good and legit project and ICO, watching this project and wanting to see more details. Good luck to the dev team.

Diffucult choise, refund or hodl?

i bought at 950 satoshi, i made some profit but project can bring much more.

And refunded tokens half will be burned thay say, it can add value to ours.



But if it gets cancellation totaly, i don't think there will be any more refunds.



Tough..

this project  has  good  vision before china  closed  ICO  markets ,  but many ppl still think this project will last long and  be traded on  international exchanges . hope this can be true