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What happened with ACE? Fraud? Rug pull?

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stayooutoftherz
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Dear All,
I (with another account, not this one), bought in January on the presale ACE worth of 1000 HBD.
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Unfortunately I totally missed to follow up, and just now checked them out:

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In less than 4 months down 97.7%%?
This was sold as STABLE COIN! To be more exact "ACE is an overcollateralized stablecoin with deep liquidity and conversion mechanics to maintain the peg."
I see neither a maintenance of the peg nor a "deep liquidity"!
Where is the liquidity? Where are the buy orders near the peg?
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Before I draw any conclusions, I would like to receive a response from @leostrategy, @leofinance or Khal (@khaleelkazi, @khal.shorts). Or any other input from veteran Lions like @onealfa or @taskmaster4450 and some ACE stakeholders like @monkmasters, @selfhelp4trolls or @mes.lxl0222
Do you think it is right to sell one token/project after the other, create revenues and just forget about the previous ones? Is that the business model of @leostrategy? At least that´s the impression one gets...

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