This would have sold out in a day if held in January. Right now is horrendous market conditions. People are scared to buy BTC which is now threatening to hit 6k or below, blue chip alts like ICX are getting slammed even more.
Previously ICOs were seen as a guaranteed 5x. In recent weeks ICOs have been dumped on listing and investors have been left nursing losses.
In these conditions, no one wants to put their money into an ICO.
Sentiment is everything.