Topic: Do you feel ICOs try to raise too much? - page 11. (Read 1759 times)

ICOs not able to justify their fund raising amount with the business goals can be raising higher. There are alot of genuine ICOs as well. Its upto investors to study the whitepaper and business model appropriately and evaulate whether the investment and projections co-relate.

This is the time of the greed. Etherum ICO raised the nice amount of money and also gained the trust of the fellow investors. That particular ICO started a chain of other projects raising funds to cover the expenses of their projects. Many developers in this situations are starting false campaigns that are closed after the end of the ICO shutting the door to investor and scamming everyone involved. There are many scams and many of developers see the easy money that they can gain easy with investors backing their projects. Many of them want too many funds covering not so promising projects and to evade investing in that kind of projects only solution is to make a deep research and invest smartly and with caution.

I agree most ICO are trying to raise too much fund which they cannot support the claim where the fund will go, the cost is so small that the fund they are trying to get is too much for their future operation.

they had their own calculation for the alocation. it might be true they expect too high for the project but i do think its not bad decision to expect bigger rather than small .

They raising too much money because they probably ensuring the future of their offspring's generation and their grand offspring's offspring too. LOL. And what's a better way to do that than rooting from the uninformed "investors". Desperate times.

You can't really decide that the advertising budget is mostly which costs a lot for most of the ico if you want to raise millions you need to spend in thousands.
Now regarding the app or coin they develop you can't predict it that weather it will be useful or not only when the right time comes.

Well if you think $6 million is too much then why are you promoting something which has similar to figures you are against.
Plus if people don't have any problem in giving them $6 million well then it's not their fault as well who doesn't like free money.

Anything is too much.

If you do not have the means to whip up a quick web page and clone / mod a coin source code repo then you should post your coin idea and leave it at that.. or join one of the existing 10k coins.

And guess what ? That is how it *USED* to work in crypto many years ago.
Did you know before the rise of ICO's people simply made coins and posted them ?
Yeah i know shocking right ?

If you don't have the means then don't do it.
Don't create a problem so you can send me the bill for the solution.

And "too much" ? Are you fucking kidding me ?
I was the evil monster troll FUD'er with threats of lawsuits and hated beyond belief when..

The children with high school pictures posted here who made a coin called BlockNET launched their scammy ass retard gimmick ICO.

They had a dumb idea and then posted an ANN topic with a brief paragraph of information embedded in a jpeg with no text on the forum posting.. then held their hand out for a million dollars in Bitcoin.
It sickened me and i was tipped off by a guy privately to look into it.
So i asked some questions.. but apparently that means you are a TROLL.

I also noticed the dev said he had completed 75% of the code *BEFORE* posting the jpeg ANN topic and the million dollar ICO.. get it ?
Had he waited he could have simply finished coding it in the short time it took him to do the 75% *BEFORE* posting publicly.
And funny enough in a year+ he had done nothing but letting hosting expire and fed supporters excuses delaying them while having plenty of time to finish the other 25% of the project.

So i asked the dev why do you need 1 million dollars then ?
He said to me on the forum here "to ensure it's a success"
But i guess that does not cover $50 for some hosting costs though  

It didn't take long before the dev threatened me with lawsuits for defaming his "Company"

The funny part is that was one of the better coins.. they get far worse than that.
Let me make this clear so there is no confusion.

THIS IS SCAMMY BULLSHIT .

Good topic. Yes, ICOs raise too much it isn't even logical anymore. Seriously, web-based and software projects have very little risks and unexpected expenses as compared to construction or fast moving consumer goods. I really don't understand why some ICOs need a billion dollars just to so developers can code.

Nature of the beast and you are right on the money. However, if they are genuine, most start-ups are happy to make a profit in the years to come, not right from day one.

Sometimes, a good question for the founders is "How much of your skin is in the game?"

Do they lose their house if the project fails.

I think it's natural that ico raise very much money, because every time I follow the project I see the project really needs a lot of funding, so I think it's natural that all ico projects target hardcap very high, but not all projects there are also projects that only collect funds only slightly, so depending on the project to be made whether it requires large funds or not  

indeed. they try to raise way more than the expectations. I think they can build a good product even with 10 million.

Actually I don't think 6 million USD is too much money to raise a company with a good product. The sheer amount is not telling anything.
The problem is that many ICO founders are not planning to invest this money in their product and rather take it for themselves...

If the project is potentially good in the future, why not. There are many ico available today, but only a few are worth striving for to succeed, so his project can run according to plan and roadmap.

Fake ICOs are indeed trying to raise too much money for their own greediness,the real ICOs doesnt have enough funds to support their own project thats the fact many of ICOs are created to scam more people.

Humans are greedy beings. So I guess its marked up and profit from the expected cost for their project. I guess their initial effort cost as well. lol

Altcoins will eventually rise but not this season and even Bitcoin is already overrated in terms of value and price and I believe Altcoins have good future and ought to be increased the market cap and coin price but it will all depends on the core team. While some Altcoin are dying today but still there are more Altcoins that supposed to be recognized as an alternative Bitcoin to invest.

I guess due to lack of government regulation vis a vis implementing guidelines on ICOs.  I think at this point of time where  ICO market is flourishing, government  should step in to put the necessary safety nets and to level the ICO playing field.

Every ICO have their different agendas put to the table. Keeping that in mind, the investors who gets interested in a particular ICO might invest a large stash into it, which aggregates to raising a lump sum.

So I don't think they raise too much. It's a matter of perspective here. They raise just the right amount.

In recent days, the ICO market is picking up. I think we can try out a few good ICOs, but you should still be cautious because many scams are here and there. I guess before Christmas, the bull market may come.

Their advertising budget should be defined and broken down in their financial projections. It's not hard to specifically cost out future advertising budgets.

There may be repercussions for them in the future if people vote with their feet. Or worse for everyone if the government steps in.

By the way, I'm not talking about any specific ICO, just generalizing.