Topic: Do you feel ICOs try to raise too much? - page 3. (Read 1770 times)
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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.
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?
I don't think so. I think it is just fair for their part to raise the amount that they intend or plan to do. Come to think of it, if it benefits our fellow cryptocurrency holders then I have nothing against it. Especially, to those people who makes a living because of campaigns and ICOs.
I do think that they aim high, but I cannot blame them. It is human nature, the issue that comes with that is more pressure to achieve more. Investors don't seem to understand that most of the ICO's only have a concept and not the product and so when the ICO is finished, they assume that everything is up and running from day one.
ICOs have bigger and bigger caps, that means more and more people are coming into crypto world
Maybe. Or maybe not.
Maybe some whales are became bigger so they're ready to put into ICOs more money, then attract a herd of newbies and make money on them telling "look, the cap is so high but we reached it, that ICO will be 100% successful and all the clever boys invest in it". Then selling their coins/tokens and having a profit.
I think from a investor point of you yes, I don't think any ICO needs 50 million to become successful, also it puts more pressure on the startup to be faster and better. The average person thinks that a startup who earns 50 million should be faster, better and have more profits than a ICO that raises 2 million. This is not always the case.
But from the ICO side, why wouldn't you try to raise more? If you can get more, money no longer becomes an issue when scaling.
But from the ICO side, why wouldn't you try to raise more? If you can get more, money no longer becomes an issue when scaling.
For me it honestly depends on the project and what they're trying to do. If you're looking for a low market cap, look into the bee token. Their crowdsale is 1/31. Their overall hard cap is $15m (crowdsale $5m). The idea itself is pretty cool too. Blockchain-powered Airbnb. https://www.thebeetoken.com/
ICOs have bigger and bigger caps, that means more and more people are coming into crypto world
Thats right, some ICO 's are even extending their sale period to accumulate more, thats why i really take the time to study before i join any ico just to make sure that its worth joining.
Yes they are raising too much money for the project,softcap and hardcap mostly are being raised,they are gaining too much and if the project fails most of ICOs wont give back your investment that is the risk.
I do feel that sometimes they do aim for too much, do you really blame them?
If you are owning a startup and you can make 10 million or 20 everyone would go for the 20 because it allows you to grow quicker hire staff or market more. The issue is when they raise a lot and do nothing with it or go missing.
If you are owning a startup and you can make 10 million or 20 everyone would go for the 20 because it allows you to grow quicker hire staff or market more. The issue is when they raise a lot and do nothing with it or go missing.
I do and sadly I don't blame ICO's but greed of the startups.
They are already raising a lot without having to sell off any equity so it is just sheer greed. A startup that gets 5 million in a month is a stupid amount of money, so why do they need 40?
They are already raising a lot without having to sell off any equity so it is just sheer greed. A startup that gets 5 million in a month is a stupid amount of money, so why do they need 40?
I do think so and they then put too much pressure on themselves to preform.
But I also see it from the business side, if you can raise more, it means you can develop more and have a longer runway before you start to profit.
But I also see it from the business side, if you can raise more, it means you can develop more and have a longer runway before you start to profit.
ICOs raising too much because it was made exactly to be like that and when the developers are satisfied to the investments they will eventually dump the project and take away all the investment and you will get rekt so stay away from these ICOs.
Yes, I feel that some ICO's try to raise too much and believe it's because of greed. Some think it's very easy to raise money through an ICO so they set a high cap. To fix this, the community needs to stop simply investing in ICO's without any prior research conducted.
Well if the project is solid and legit with already a product available , then why not ? No one tells you to invest into them , so why are u angry with ICO's ? I dicovered CEDEX and to be honest , I'm investing into the ICO because it has a huge potential for the future.
There is the common view that if a project requests large amounts it means his cool and surely its tokens will rise to the moon. ICO's practice shows that this is completely wrong. Basically, those projects are being pushed into the tops
that have requested adequate price.
that have requested adequate price.
it seems to me that you do not understand many factors. plus, the money for survival is designed for a long period, sometimes even for a year.
Well ICOs are created to raise much money to fullfill their greediness,most ICOs are raising money then disappear into thin air.
I agree with your statement. Some ICO's are aiming to raise a stupid amount. The issue I have is that people assume because a ICO raised 50 million it will be more successful and gives ICO's a bad name. The most important thing is a successful ICO is the product, not how much their raised. Sure it can help them scale and develop but if it is a very flawed concept from the start no money can change that.
I also see it from the other side of the business as well. Why wouldn't they aim higher than they need? Sadly greed is a human condition and I get why some CEO's will aim for 40 million instead of the 5 million they need to make their project workable. Also I think people seem to mis the fact that because of the inflated amount ICO's are raising everything connected with ICO's is very expensive. I am sure that to be advertised on a ICO website, get on an exchange, bring in blockchain developers or even event market will be substantially higher than other industries.
Personally I stick to ICO's that have a low hard cap and have a good concept.
I also see it from the other side of the business as well. Why wouldn't they aim higher than they need? Sadly greed is a human condition and I get why some CEO's will aim for 40 million instead of the 5 million they need to make their project workable. Also I think people seem to mis the fact that because of the inflated amount ICO's are raising everything connected with ICO's is very expensive. I am sure that to be advertised on a ICO website, get on an exchange, bring in blockchain developers or even event market will be substantially higher than other industries.
Personally I stick to ICO's that have a low hard cap and have a good concept.
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