most of them claim too much in their caps.
i guess that they do it because we allow it as a community. but the fact that a lot succeed at it and their token provide profit for investors proves that they might be greedy but they probably had a good application or idea for this community and it's a win-win situation.
Topic: Do you feel ICOs try to raise too much? (Read 1770 times)
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For most of them, Yes! Actually, there are three types of ICOs. One type, a company has a product and decides to use blockchain technology and produces its own token.( They really don't need to raise incredible amount of money). Second, a promising project but in order to be a fully functional, they need a lot of money ( for team, technology, maintenance, marketing etc.). Third, scams or manipulators (offers fantastic solutions but do almost nothing thanks to good marketing. They say they need a lot of money as well).
ICOs raise too much, that I agree. but its a good approach just in case they dont reach their targets the project can still be viable and they can still meet up with all their ad and bounty campaign payments, and I guess this approach is working, thats probably why we have uncountable ICOs now trying to raise too much.
I think from our side it can seem like that, but if you are running a startup why wouldn't you try to get more? It means you have more money for a runway, more staff, more marketing etc.
I think so too. More money = better advertising, better developers. Better everything. Of course, granted that people behind ICO have a broader vision than just to collect, cash out and make a mediocre product.
Thus, people should invest more responsibly. I see tons of people who know nothing about the product/ICO and just buys coins/token in hopes they will ride lambo in a month
As long as there are such people, we will have zillions of new ICOs every day popping up.
Projects are trying to raise more money, because the price of the crypto currency is too unstable and at the time of the end of the ICo the exchange rate may drop significantly, which will lead to a shortage of funds for the project.
I think from our side it can seem like that, but if you are running a startup why wouldn't you try to get more? It means you have more money for a runway, more staff, more marketing etc.
I think so too. More money = better advertising, better developers. Better everything. Of course, granted that people behind ICO have a broader vision than just to collect, cash out and make a mediocre product.
Thus, people should invest more responsibly. I see tons of people who know nothing about the product/ICO and just buys coins/token in hopes they will ride lambo in a month
As long as there are such people, we will have zillions of new ICOs every day popping up.
Altcoin will eventually increase but not for this season, Bitcoin is already overrated in terms of value and price and I'm sure Altcoins has a good future and should be enhanced market cap and coin prices but it will all depend on the core team.
I believe it is due to both things - some projects are indeed amazing, however, their value is overestimated which leads to rapid boost in price, which is beyond normal. Additionally, some do it out of greed because the core idea of ICO's are to raise funds for the companies that launch them. However, there are many ongoing and upcoming valuable projects that are either non expensive, or their value is worth it. Such are, for example, Cointed, Giftz, AgroTechFarm, and Beat Token. All of them hold a lot of potential, at least in my opinion. Check them out, in case you are curious.
Agreed. I think most ICOs are way too greedy and try to raise more than needed (and succeed in raising the money in a lot of cases). The ones you mentioned (Cointed, Giftz, AgroTechFarm and bee token) are exceptions, the few legit ones in a sea of greedy ICOs
Beat token? or bee token?
I believe it is due to both things - some projects are indeed amazing, however, their value is overestimated which leads to rapid boost in price, which is beyond normal. Additionally, some do it out of greed because the core idea of ICO's are to raise funds for the companies that launch them. However, there are many ongoing and upcoming valuable projects that are either non expensive, or their value is worth it. Such are, for example, Cointed, Giftz, AgroTechFarm, and Beat Token. All of them hold a lot of potential, at least in my opinion. Check them out, in case you are curious.
Agreed. I think most ICOs are way too greedy and try to raise more than needed (and succeed in raising the money in a lot of cases). The ones you mentioned (Cointed, Giftz, AgroTechFarm and bee token) are exceptions, the few legit ones in a sea of greedy ICOs
If ICO try to raise too much with unclear path forward, that's a BIG red flag !!
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it may be the result of greediness or strong believe in a startup's success:) and you never know what an ico's team was thinking about while planning the budget. They might have thought "we are gonna rock the market" or just "why not take more".
There's a lot of hype in tech in general, not just within ICOs. In general I think they do raise too much. Part of the problem is the need to hype. In business, it's hard to get any funding at all if you say, "We have a conservative plan to do XYZ." Everyone wants to hear that you're going to blow the roof off the house.
Yeah mate, ICOs became something strange, a lot of projects try to raise too much money...question is if this will change in the future especially when cryptos begun fall about dozens of %.
There's a lot of hype in tech in general, not just within ICOs. In general I think they do raise too much. Part of the problem is the need to hype. In business, it's hard to get any funding at all if you say, "We have a conservative plan to do XYZ." Everyone wants to hear that you're going to blow the roof off the house.
most of the ICOs are trying to reach the project target's limit that's why some are trying to raise that much, some of them prepare for it; make real and serious studies basing what are the trends and who is their target, most of all they have considered what is their project for!, but some are just too ambitious to raise too much without putting a backbone on their project.
Hey, I'm interested in everyone's opinions on this. I find so often when looking for ICOs I come across something that sounds like a good idea but then am instantly put off when they all seem to trying to raise 10s of millions for something I would deem could be perfectly possible with only a couple of million or even less.
Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?
Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?
Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?
Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?
Why not. ICO now caught the hype. People love everything popular. And they will put money in it. Accordingly, the creators will use this. But on the other hand, if the project is potentially successful, then let them collect at least all the money in the world))
I understand that, I also do not know why most ICOs can run with some funds but they try to emphasize with big hardcap, but most of them only reach 10% or more of the hardcap they specify, but for estimate I'm sure their side or dev have calculated all.
Yes, so I think most ICO projects are now a fraudulent project.
These so-called traditional projects don't need to be done with blockchains at all. I think they're just trying to raise new money, so it's no wonder facebook is banning the launch of ICO ads.
These so-called traditional projects don't need to be done with blockchains at all. I think they're just trying to raise new money, so it's no wonder facebook is banning the launch of ICO ads.
Sure some ICO's may be asking for a lot, but if you believe in the project wouldn't it be worth it?
Also the more money they raise the more they can put into the project itself. If the minimum was say 2 million dollars for the project; sure they could make it work but they could make it better if they got 4 million dollars or more. Then they need to cover all sorts of other expenses, like advertising, staff, etc.
Also the more money they raise the more they can put into the project itself. If the minimum was say 2 million dollars for the project; sure they could make it work but they could make it better if they got 4 million dollars or more. Then they need to cover all sorts of other expenses, like advertising, staff, etc.
Nope nope nope
Do you really believe they need that amount of money for a project which needs like 2 years before the actually launch any product? They are just greedy, they dont use all the money for the project, Im pretty sure of it. They are asking a lot more than they need. Vitalik butterin already aware of this thing.
I hope there will be new methods in raising money for new ICOs
I believe it is due to both things - some projects are indeed amazing, however, their value is overestimated which leads to rapid boost in price, which is beyond normal. Additionally, some do it out of greed because the core idea of ICO's are to raise funds for the companies that launch them. However, there are many ongoing and upcoming valuable projects that are either non expensive, or their value is worth it. Such are, for example, Cointed, Giftz, AgroTechFarm, and Beat Token. All of them hold a lot of potential, at least in my opinion. Check them out, in case you are curious.
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