Topic: Do you feel ICOs try to raise too much? - page 7. (Read 1770 times)
Oh wow I was searching for this thread since I joined the altcoin section. Raising more than 10000 ETH just to develop an application or I would say a "platform" that is seriously too much. Creating an ERC token and completing with all other requirements takes just around 1 BTC at max. For any type of best project development just give me 500 ETH I would surely come up with the best startup app you can ever get. These ICO's just try to steal people's money and thats it.
My thoughts about Icos are a bit different
I always care about the thoughts of a couple of people I trust
And they help me to choose Ico
It's very difficult to trust fully but we still try
What makes you trust them? I would be very careful with that approach unless they have some solid experience with oldschool investments. It's very easy to pick bad ICOs, even if there are some good ones. I always care about the thoughts of a couple of people I trust
And they help me to choose Ico
It's very difficult to trust fully but we still try
My thoughts about Icos are a bit different
I always care about the thoughts of a couple of people I trust
And they help me to choose Ico
It's very difficult to trust fully but we still try
I always care about the thoughts of a couple of people I trust
And they help me to choose Ico
It's very difficult to trust fully but we still try
Nowadays its hard to choose ICO , not only because of too many scams and they will just run away, there are also so many ICO's running now, its hard for the investors to choose which is which and if it will be true to their words, its not that I am accusing but there are quiet few that it will just runaway. They would try to raise enough money to start for their own business, but that is not only for the devs, the investors also who took part of the ICO would benefit it.
I usually go for icos trying to raise 5mio or less. Anything higher doesn't give good returns even if the product is good.
It is a very simple fact that if every dev team want to raise as much as they can if they can do that. It is the investors that should know the risks.
Now that the ico project needs more and more money, the team is becoming more and more greedy. I don't know how much it will cost in the end, but if it goes on like this, the ico bubble will surely burst. It is likely that most of the money will go to bitcoin.
My thoughts about Icos are a bit different
I always care about the thoughts of a couple of people I trust
And they help me to choose Ico
It's very difficult to trust fully but we still try
I always care about the thoughts of a couple of people I trust
And they help me to choose Ico
It's very difficult to trust fully but we still try
Nothing wrong with that actually, they expecting the best they can get. Making an app or a trading platform maybe not cost that much but they need to cover their ads and else i guess
The most ICO has been able to collect milions more then expected into some projects, i do see those as an abusive investment and there is only one big interest wich is once possible make a decent profit, or use their big capital to pump the coin, even if hasnt nothing ready from their plans. ICO were in the past a easy way to scam, but now people are taking a bit more serious those, and all expecting to get rich with them, must remember not all ICO will reach sucess, and your investment is always at risk, since the most of these projects might fail before get live.
surely they are expecting stout sales from ico and have set maximun sales target and they alao limit it.
Yes I feel that too that they raised too much.
There are some ICO that have a good planning they really need big money for the project like they need to buy machinery etc. However during the token sale the ICO failed.
The investors are more likely to support those ICOs that wanted to raised too much fund than needed to make the project.
There are some ICO that have a good planning they really need big money for the project like they need to buy machinery etc. However during the token sale the ICO failed.
The investors are more likely to support those ICOs that wanted to raised too much fund than needed to make the project.
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?
we can manifest or help in a stable state by not following or choosing an ugly ICO, maybe that's the way I know it 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?
Yes I do. And most of the time you Dont get any audit to read about what was actually raised and spent. The fact that there is no verifiable record except what see on the print, to show how the money was used is depressing to say the least.
Yes, ICOs raise too much it isn't even logical anymore, with time and transparency, things will normalize on the fund raising aspect.
but we need to be careful about how to choose good ICO project.
but we need to be careful about how to choose good ICO project.
Agree. Fund raising mostly need to get money as much as possible for their project and also for the success of the the project for their future plans and other needs to done but the other are just raising their hard cap and soft cap which is difficult to achieve . We need to be careful in investing in ICOs now
I can see there are more and more ico recently, so much that we can not choose what ico is worth to invest, also many of them are scams, so we should be careful and do research carefully before invest in that ico.
Yes, ICOs raise too much it isn't even logical anymore, with time and transparency, things will normalize on the fund raising aspect.
but we need to be careful about how to choose good ICO project.
but we need to be careful about how to choose good ICO project.
Yes ico raise them but that is natural every body says him self best we should study it before investing
Even though some ICOs have managed to get a lot of money, how many made a feasibility study as to how much they want to implement their project? Will they implement it at all? thats the main question for me. Advertising in the Crypto community has risen a lot. Finally, a lot of people are entering crypto and they want to get tokens as cheap as possible and ICOs is one way to do it.
Yeah thats a bit no no sign for me. A lot of these ICO's doesn't even require that much capital (and often not even a new coin..) unless they plan to get rich on the ico and not the product....
TenX got +80mil USD for ICO, totalt 538 mil USD 1 month after ICO finished. Seriously, a company making zero profits, run by a doctor.
TenX got +80mil USD for ICO, totalt 538 mil USD 1 month after ICO finished. Seriously, a company making zero profits, run by a doctor.
they want to cover the cost of their ad campaign , marketing etc.. i think so
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