What happened with ACE? Fraud? Rug pull?

Dear All,
I (with another account, not this one), bought in January on the presale ACE worth of 1000 HBD.

Unfortunately I totally missed to follow up, and just now checked them out:

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?

Before I draw any conclusions, I would like to receive a response from Hive account@leostrategy, Hive account@leofinance or Khal (Hive account@khaleelkazi, Hive account@khal.shorts). Or any other input from veteran Lions like Hive account@onealfa or Hive account@taskmaster4450 and some ACE stakeholders like Hive account@monkmasters, Hive account@selfhelp4trolls or Hive account@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 Hive account@leostrategy? At least that´s the impression one gets...