Topic: Do you feel ICOs try to raise too much? - page 2. (Read 1770 times)
You should raise money with the ICO which is necessary to fund the project, not to make money !
I agree with that because many ICOs have raised huge funds and they neither developed their coin. Many ICOs only get fund for fun without executing their roadmap.
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.
I think its easy for us to say that, but from a business standpoint, why wouldn't you try to raise more? I don't think one of us could honestly say we wouldn't want to raise an extra 2/3 million for the company we created so we can put that into the product.
Because in a "stupid" market, it doesn't give you integrity to have collected too much money from too many people. Modesty should go a long way. But it doesn't. 90-99% of ICOs suck.
Precisely that, after a certain amount the money is not needed. Any business should be able to make an accurate financial plan that details what finances it will need and what for, this will of course include a contingency and such but no business should need infinite funds. The return from additional funds is depreciating. If an ICO cannot say why they need 50m instead of 20m then they should not receive the additional 30m.
I think its easy for us to say that, but from a business standpoint, why wouldn't you try to raise more? I don't think one of us could honestly say we wouldn't want to raise an extra 2/3 million for the company we created so we can put that into the product.
Because in a "stupid" market, it doesn't give you integrity to have collected too much money from too many people. Modesty should go a long way. But it doesn't. 90-99% of ICOs suck.
The amount of money ICO may be asking for may seem to big but when you look at the scope of the idea be presented and the market they are trying to reach, such raised amount might look insignificant in the long run.
I think we look at it from our side we see it as greed and the fact is that no altcoin really needs 10 million to get it up and running (unless it is based in somewhere like San Fran / London etc).
But from the business side I see it is why wouldn't you? If you can raise 5 or 10 million, what would you pick honestly? Also I am sure prices for everything in the crypto world I am sure have shot up as well as they know that ICOs are raising substantial amounts. I had one guy message me that he would help market an ICO thread for 20 ETH for a month. That's over 20k just to market a thread. God knows what guest articles, youtube videos, going on a exchange etc will cost a company.
But from the business side I see it is why wouldn't you? If you can raise 5 or 10 million, what would you pick honestly? Also I am sure prices for everything in the crypto world I am sure have shot up as well as they know that ICOs are raising substantial amounts. I had one guy message me that he would help market an ICO thread for 20 ETH for a month. That's over 20k just to market a thread. God knows what guest articles, youtube videos, going on a exchange etc will cost a company.
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?
Very well said sir. In the past, projects didn't use to ask that much money to raise. They used to limit themselves within a logical amount. Then they saw the hype around the projects. And they started to try raising whatever they can. Maybe the cost would be $1M for that idea, but they collect $10M for it interestingly.
So if so, i think the project in the past has the developer who not greedy to raise too much money.
But i dont even understand why they need so much money to develop their project sometime more than 50M.
of course they are expecting too much..
look at the ICOs nowadays.. minmum hard cap is 6 million
do we really need 6 million dollar to create an app or trading site which they advertise on their white paper?
I think its depends to the project if this is good to rise or not. High than 6m needed for that. look at the ICOs nowadays.. minmum hard cap is 6 million
do we really need 6 million dollar to create an app or trading site which they advertise on their white paper?
ICO sometimes come up with huge target that that you wonder what they need such huge amount for. I think when huge money is involve in a project that is suppose to be decentralized with no regulations or any form of accountability fraud and inefficiency is inevitable.
Absolutely. The amounts that are being raised now make no sense whatsoever, especially when you take into account the fact that most of them are just regurgitating the same ideas and using open-source code from previous projects.
i believe that ICO is the future in 2018-2019 . everyday is getting bigger and bigger the dev teams in the worls and we have so much money when join bounty of them
I think if there are ico who want to collect too many Funds will definitely run long So create a separate concern for someone if you want to participate Because if the ico does not reach the automatic softcap the token will not be distributed And the participants did not get any after finishing it.
Yes most of the ICOs raised way too much money than required. Recently some social networks ICOs raised around 6million. Which shouldn't even cost up that amount.
A lot of people invested in the ICOs projects due to it is one of best way for investment in digital coins, I don't think the ICOs try to raise too much due to the growth of ICOs funds is something normal, today is era of investment in the ICOs and it will be more bigger in the future, like or dislike the investment into the ICOs can not be stoped it is new innovations in investment and i think it will replace traditional investment like IPO on stocks markets.
Earning or profiting possibilities is always there this is why ICO investment is booming up but if you tried up to read up on whats op is asking on then he pertained about on raising too much funds which is more than on the amount that they do need to let that project be built up.I don't know whats their basis on having those high caps but its none of our business since they are the ones who do make crowdfunding and as an investors its your choice if you do want to jumped in or not.Every ICO has different concept, so i cant tell that ICO want to try raise much money. I feel curious with ICO that give High Cap but the close date not long than 3 months.
Higher cap doesn't really necessary to last long compared into others because there are some crowdfunds that do easily reach out high caps on a short period of time.It does depend on how people would tend or decide to invest on. 
This move is a great move by any ico, and i find it really amazing they need to give back to their participants what the participants deserve so for me this is a good move
In fact, there is nothing wrong with this, they are waiting for what they can get. Creating an application or trading platform may not be so expensive, but they must cover their advertising and have a stock.
Every ICO has different concept, so i cant tell that ICO want to try raise much money. I feel curious with ICO that give High Cap but the close date not long than 3 months.
This is a good point of view...yes ther is a lots of ico's raised more than the project and the devlopment need
Well it goes without saying, it is an investment after all and money is it's life blood.
I would have to agree, they are raising too much. But maybe it's for the good of the
majority to achieve or attain such a goal with ICOs. It can be somewhat considered a
indication of success, a safety net even to fund, extend and propel it's purpose. The
popularity and rise of cryptocurrency might have played a role which contributed to
it's higher funds and demands. Perhaps more is better than less.
I would have to agree, they are raising too much. But maybe it's for the good of the
majority to achieve or attain such a goal with ICOs. It can be somewhat considered a
indication of success, a safety net even to fund, extend and propel it's purpose. The
popularity and rise of cryptocurrency might have played a role which contributed to
it's higher funds and demands. Perhaps more is better than less.
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