Topic: Do you feel ICOs try to raise too much? - page 5. (Read 1759 times)

Anywhere between $7m and $15m I think is a reasonable figure for ICO capital raised. Most of these business ideas will require a full staff of people to make them work properly as well as renting offices. ICO like Tezos where a little ridiculous and its for the best that those days of hundred millions raised are gone.

Yes indeed, most ICO try to raise a lot of money then they might ever require. But I think there are few genuine reasons to it.
1) Cost of conducting an ICO has hugely increased, especially in marketing, development, legal etc.
2) Many ICOs keep in mind the future costs of the project and not just current costs.
3) A big target makes a project look more advanced and catches more eyeballs.
4) In the past many projects have gathered quite a lot of investments. So there is obviously a comparison going on. For example if A ICO gathered $5 million, then B ICO aims for $10 million in order to show that it has more community support.
5) Then there is one more thing. There is a common saying "aim your target higher than what you aim to achieve". So if an ICO wants to gather $10 million, it will place the target of $20 million.
6) Obviously there are personal interests of the devs and team as well. Nothing is free in this world and no matter how much we say we are selfless, in reality we all humans are selfish.

As per your question of what we as a community can do. I think instead of trying to bring expectations back to reality, we must choose projects which tend to bring more value in the crypto and non crypto world. As long as we will invest in pump and dump projects, we will see more and more scammy ICOs. Choose projects based on their potential, team, mvp etc. rather than how easily you can dump the coins.

I think there is an important role here and the ico is necessary and useful for the community.

It's alright for ICOs to raise much higher. This will benefit them and the potential subscribers. But their main objective should be serving the investors first before thinking of their own gain. Happy customers will be happy members.

Of course, it is difficult to assess the idea of ​​each ICO project, but there are some cases where their cost was clearly overestimated. On the one hand, the team may be reinsured against unforeseen expenses, and on the other, there are clearly cases of manifestation of the greed of these individuals, because sometimes they see a real opportunity to collect a much larger sum. In addition, I think there is an important role here and, as it were, an external prestige of a large sum to show the grandiosity of such a project.
     However, in any case, the ICO is necessary and useful for the community and for the development of the crypto currency.

Creating an ICO can help them accomplish a lot of the goals they want, and they can make a lot of money from it. Thus, the massive and uncensored ICO's emergence leads to more and more virtual currency, junk and waste of resources.

LBRY did not have any ICO, and was VC-funded (Venture capitalist, look it up)

They received 500,000$, which is very modest compared to the sick "bubblelicious" amounts other ICOs have gathered.

check out https://LBRY.Community for the new community page

or https://lbry.io for the official page for the LBRY App.

Truly I realize that they are collecting excessively cash and contributing increasingly, extra to that they are likewise gallant on finding numerous speculators and purchasers of their mint piece, that is on the grounds that they have so many members and they would prefer not to baffle their bouny seekers by giving little sum

I think ICO's do try to raise too much. But sadly it's a symptom of the ICO world.

If you are running an ICO and you are seeing that some ICO's are raising over 100 million, why would you not aim for that? You could scale your business / altcoin to another level.

But also it is greedy and it looks bad towards investors.

It's a form of crowd funding, this can be related to the cryptocurrency network or it can be related to the real life necessity. Here the importance and the uniqueness add the market value to the same and this raises good capital market. Also majority of the projects function with legitimacy, so nothing to indicate this to be a flaw and that to be good.

I'm unable to put my head around ICO, Airdrops, Forks, I feel Emotion when dealing with blockchain technology. So unsure if something is 'too' much.. Everything is 'too' when using 'too' , maybe 'too content' is ok.

regards,
Onedb

Edit: forgot the FoMo feelings...

Yes, put me off to for some ICO have so big cap while not really 'have' that.

Yes, they try to raise too much money this days, if you look at the old days where project like nxt , neo and stratis collect less than 1 million and still doing fine with that kind amount of money. ICO nowdays try to raise as much as possible and i personally avoid something that set the hardcap way more than i think is enough to run the project.

Yes, for now, just a ICO project is prone to tens of millions of dollars, this is a game of speculation, it did not need so much money, FortKnoxster this project is very good, need money, but just a little.

And BTW I forgot the fact that lots of ICOs even do not spend money on marketing because they start bounty campaign on forum that is paid in their tokens!

But it seems that ICO's now aren't really can be trusted because of having affected by some scam project. It's really hard to speculate which one will stay in the market and which one will keep on moving. But I'll still believe some of them will show their competitiveness and go further. The big factor that may affect their lifespan is the community, as they provide a good project then probably people will keep it promoting.

Recently I've been seeing the same too. Some of them justify by saying, some amount of ICO will be used in getting their tokens listed on major exchanges, and the other part of it going towards the development of their project. Someone mentioned too above, they ask for $10M even though their requirement is maximum of $1M. So yeah, ICOs are raising too much these days.

I think that most of these ICOs raise huge capital for greed while there are some of them that had raised that much as rough estimate and know wrong intention .The new fundraising dynamic has helped companies raise more than $1.7 billion this year to date. Huge sums of money tend to catch the attention, but experts in the industry argue that there’s far more to ICOs, also known as token sales, than simply the cash. Finally,
there are many ICOs that are scam simpily because of these huge cash raised in the genuine ICOs.

Yes, the current ICO project does take too much money, and a good idea worth tens of millions of dollars? This is clearly a speculative game.

Before launching successfull ICO you have to spend more than 300 000$ only on marketing. And here is still much risks. So it's not interesting to rise less than 5 000 000$, I think.