As you know BitherPlatform started the project at the first quarter of 2017 but the main idea goes back to one year before the start of the website.

From the beginning, the team has tried to find investors to fund the project but due to many reasons such as the bear market, scams, loss of funds in other projects, etc. Investors were not interested in a crypto project at all. Considering the situation, we ran presale and the crowd sale from 23 March 2019 to 1 July 2019 Unfortunately, having the highest ranks in monitors and review websites didn’t help the project and we only collected 150 ETH which was %1 of our target cap (60000ETH). We changed the target to 2000ETH and tried to have an IEO on LAToken, we spend thousands of dollars on marketing to increase the chance of meeting the cap, but surprisingly we collected less than one ETH in the IEO which was an end for some of our teammates who left the project.

After the end of IEO and scrutinizing all of our options we decided to stop the public sale and focus on individual investors. By receiving the support from the community which was an honor, we are going to push the project forward till Q4 2020 and try to reach our goal, but if we can’t do it in this period, we will refund all the funds.

https://medium.com/bitherplatform/bither-news-51ca5c803d80