Topic: Do you feel ICOs try to raise too much? - page 10. (Read 1770 times)

First of all, thanks for bringing this up for discussion.  I totally agree with you here. I could bring up an example here about Kik' s ICO. A grand total of 178.732 ETH/ $97.5 million. Although they were initially planned to raise  $125 million.  I were following them whey before fundraising and was going to invest , but their greedy ICO changed my mind to go ahead with it. I looked into their whitepaper and portfolio and didn't think it worths as much. I'm sure you can bring up many similar ICOs here with overrated fundraising plans.  These ICOs must be controlled by low. Exscudo will audit all ICOs on EON blockchain in the near future.  I'm looking forward to see the outcome of this.

It all depends upon the project and the backing. When there is a perfect prior planning nothing to worry about it. What they tend to rise is acceptable. I have been into an ico investment and I find them good, because as they scheduled on the road map they used to provide all the token holders with the profit earned every quarter. This gave me additional hope on ico, and most ICO grow with legitimacy though some go as a scam.

Yes it's true, sometimes it happens but not always the case. It is not the bad thing that ICO try to raise big funds. It depends upon the complication of the project, the more unique, innovative the project will be, more funds it will require to undertake. Sometimes ICO raise funds more than necessary, that could be of any reason like personal gains etc. But this high raise or low raise should not be used as a measure of good or bad ICO. always invest in ICO whose team members are of well reputation and project is unique. Use whitepaper to know that. 

I think it's a bit of a symptom of the ecosystem.

Think of it from the altcoin creator, imagine you put up your altcoin and you have the ability to raise millions when you only need 1 million to do what you need. It means you can scale, add more staff and really go with it. This is also including the fact that they want to remain in the cryptocurrency sphere and don't just want to make a cash cow.

Also I imagine that there are a lot of costs as well, god know how much ICO's are paying in advertising / events because they know there is so much money floating around.

But i do see your point, I think once ICO's stop being the flavour of the month, then more realistic targets will be upheld.

As my opinion, ICOs if as crowded funding is good. They can have a chance to developing their project. But actually, many ICOs now is like scam ( Especially at ERC20 Token). They bump coin, crowded effect and Hunger Marketing lure everybody buy. Then bring investor money and go away, dont care about this project anymore. So be carefull when chosing some ICOs like have evaluate coin:
1. Have community or not
2. Do not make mistakes in English.
3. Having international community?
4. Roadmap
5. Whitepaper
...etc

I think 99% of ICOs are a scam and 99,9% of them will fall in the cumming years. Which are the ones with a realy good intention and idea, I guess only time will tell. Right now its imposible to say for any ISO that its 100% not a scam.

I agree with you here. There are some legit ICOs out there who describe why they need so much money in the first place. It is easy to be skeptical about such figures and their reasons, but I trust some of them after doing my research. On the other hand, there are plenty of ICOs whose main purpose is to scam people and they quote big figures, but run away like ATS token(Example).

Nope.

You see all 100% of these guys are fully aware of what is going on.
Nobody is getting duped and tricked into supporting a coin.
They do it and go in willingly in the hopes of profit.
Hence why this shit is a new age digital ponzi / pyramid scheme.
ALL OF IT !
Crypto is a ponzi / pyramid machine for teh ROI's.
It's why all the noobs here showed up.

I have said that probably a thousand times here on the forum in the last 5 years and you all still play stupid.

You all will gladly line up to support Paycoin until it becomes embarrassing and you worry the price will tank..
Then you will dump and show up bashing it calling it a scam.
But before that you were on your knees.

Your actions betray you Investards.
You can't wiggle out of it with cliche'd bullshit retorts on a forum.
Reality itself is crystal clear and free to see for all forever.

When you say what is quoted you are preaching to the investard-choir.
You learned the cliche'd retort and you are teaching it to the other greedy profiteers so they too can keep chanting their shitbird chucklefuck pajeet crypto-mantra.
But all of earth sees straight through it.
It's simply instructing users on how to operate within the pyramid scheme system that is crypto.

Noobs show up and they learn these same old dumb fuck cliche'd retorts and they think they are working.
Problem is the people here don't care.
They are already sold on greed and don't need to be convinced of anything.
The morality game is a facade.. unless i do it of course.
And i can say that because i am probably the only one in crypto who never had anything to do with an ICO coin.

So no ..there is no profiteers being tricked.
You can't rape the willing Investards  
These kidiots know damn well there is risk but the high profit potential over rides the integrity they are SUPPOSE to have.

In case you didn't figure it out i am smarter than all of you combined.
But to be fair i think many more around the globe just don't come here and speak up.
Smart people with class & integrity would not be here doing this shit.

This question doesn't even make sense. ICOs are entitles to try to raise as much as they want. There is no set limit for how much they can raise or what number or goal they set for themselves to raise. At the end of the day, it all depends on the willingness of investors who see potential to give them money or not, so the amount they want in the beginning doesn't even matter, because it could be more or less in the end.

Some of them are just trying to grab as much as they can, yeah. Other actually have plans for all the money, and different scenarios for different sums raised. However, if you are trying to raise 100M USD, you better have one hell of a campaign going.

Too many people see ICO as quick and easy fundraising. WP, Landing, team with names and thats it.. Hardcap is always about the people you get in team. If you get Vitalik in, you could put it to 100M..Thats why people are trying to put on blockchain every damn s***. They don't even ask if solution they are providing could change or help improving current status? Can this be solved without blockchain? Doesn't matter, just get some crypto guys as advisors and you don't need working product at all!

I think some ICO's are scum they just steel from suckers!

I love the wonderful little noob speculations as to WHY.
Only thing missing is even ONE of the so called "dev's" to see this and respond.
I am guessing not one will say a fucking word. 

I love the idiotic replies.
My favorite is they must have "calculated" they need 50 million dollars.
Nice assumption.
I don't suppose they calculated the cost of the lambo into that huh ?

Fucking jesus tap dancing christ this is some idiotic retarded moronic fucking bullshit from hell. 
This is some internet next level gen of stupidity and greed going on here.
It's least it's humorous though. 

Yes. I agree. Its looks like they are on a race on what ICO could raise millions in just a few days which tend to lose what ICO really means. I agree that they need to raise, but millions in like a few days in unheard. And sometimes we tend to see some ICO to be a scam when they raise millions.


As a community we just need to call what's need to be called for. If we see that the ICO who have raised so much without any significant to offer then we need to call it and raise awareness.

I think they it's not too much as they must have had calculated it beforehand. However for scam ICO's that's what I believe are raising too much and don't deserve our support.

In my opinion, almost always they do try to raise too much. There is no reason in the world that a team of 5~10 people should be able to fund $50 millions plus - they can't even spend it! And too much money can be very detrimental to a project, just see Tezos for a recent reference...

Yes I think most of the icos have very high minimum cap for projects to become realized. Even good projects that hit hard cap don't deserve amounts they got from investors. It is truth.

I agree. Many ICOs have very high hardcap to attract attention to their bounty campaigns imo. If some project has hardcap 50M+ it's enough to place only 0.5-1% for bounty and it would looking like $250k-500k+. Many people are very trustful so they take part at these campaigns.

Who is rising too much money. ICO investment been done by the each different persons dude not by the one set of people of alone.
When it is done by different people how ICO project will raise its about the investors who moves to altcoin creation all the time.
Instead of making profit with ICO you guys can invest directly into bitcoin and make money of it.

One word.. ACCOUNTABILITY.

Let me know when anyone ever sees it in crypto.  

Still don't get it ?
Ok well then give me 6 million dollars.

- I will buy Champagne and caviar in my private yacht so i can code the coin.

- I will buy a Lamborghini… then get a Chrome paint job for it so i can impress Advertisers for my coin.

- I will buy a private jet so i can test out the coin code on TestNET in flight.

..I'll still have 5 million dollars left over for a "crypto coin".

Proof i spent it ? Your lookin' at it.
Isn't a forum posting enough ?
Hell it's more ACCOUNTABILITY than 99% of all coins ever released.  
Most simply don't say anything at all about what they spent it on.

So what will i spend the remaining 5 million dollars on ?
Hey guys.. downloading Github.zip and modding it a bit with a new icon i got on Google is hard !
I will have to hire a team to figure out this crazy new magical internet wizardry.
Yeah or i dunno maybe 5 million dollars worth of crack & hookers.. meh who cares fuck you.. pay me assholes.
I am big's time crypto coin superstar !