Same here. There are managers out there that have managed different campaigns but don't know how to act professional at all. In other projects, it takes weeks before they update the spreadsheet. Sylon, on the other hand, keep the spreadsheets always updated.
To the people that have doubts about this project, I'm sure that 60 hours is enough for whales to come in. I have been participating on different campaigns for months now and what I noticed is that crowdsales that run for a month (or even less) have dead air times. There are days when almost no one has invested at all. Most times, the sale happens at first because of the early investor bonus. And then that's it. The rest of the time there's barely investors coming in.
There are projects that have no early investor bonus but have a target price to reach. In that case, the investors come in slowly and then once the first mileage (first target accumulation) has reached, the investors would come rushing in. The reason for that is that they know that the ICO is already a success. All those times could have been saved if the ICO was shorter so I think it's great that this crowdsale wouldn't run for so long. Less time spent on ICO, more time will be spent on the project and achieving the projects goals.
But to be honest. There is still risk at all. Base on what you said in your past experience in an ICO. There are some crowdsale that has no early investors at all. I hope that sales marketing is enough to ensure success. I'll promise to do my best in promotion.
I think another reason for the 60 hour sale is that it will help pressure investors. An investor that is so doubtful about the project would have to invest simply because it will end very soon. There's just no point waiting for one whole month and have the very same amount of investments. It's just time consuming. If we could pump the coin before the ICO even starts, then the sale will be great.
I also think that this project already have their investors even before they announced it. Because otherwise, they wouldn't be so confident about it.
There are too many ICO's in the meantime ... I will perhaps still participate in 1-2, then it is finish. Pillar seems to me to be a good choice.
Same with me, after the primal is finished and allowed to change the signature then move to another Project.
Sylon is the reason I'm here. Good luck everything.
Same here. There are managers out there that have managed different campaigns but don't know how to act professional at all. In other projects, it takes weeks before they update the spreadsheet. Sylon, on the other hand, keep the spreadsheets always updated.
To the people that have doubts about this project, I'm sure that 60 hours is enough for whales to come in. I have been participating on different campaigns for months now and what I noticed is that crowdsales that run for a month (or even less) have dead air times. There are days when almost no one has invested at all. Most times, the sale happens at first because of the early investor bonus. And then that's it. The rest of the time there's barely investors coming in.
There are projects that have no early investor bonus but have a target price to reach. In that case, the investors come in slowly and then once the first mileage (first target accumulation) has reached, the investors would come rushing in. The reason for that is that they know that the ICO is already a success. All those times could have been saved if the ICO was shorter so I think it's great that this crowdsale wouldn't run for so long. Less time spent on ICO, more time will be spent on the project and achieving the projects goals.
Thinking "out side the box" is being done for the project to succeed successfully. The other side of the manager is full of high work ethic spirit. I did not find this out before.
So far your explanation is very clear and I strongly agree.
thanks.
I'm glad that I helped a fellow participant.