Topic: Do you feel ICOs try to raise too much? - page 8. (Read 1759 times)
I feel all ICOs just try to do one thing — let people making the bigger investments. I would believe those projects that really do not promise too much and their ideas sound very realistic and bringing something new to all.
Sometimes they ask a lot too much than they actually need without even any beta or alpha version yet
They try to convince investors with simply just an idea, without sufficient knowledge ora even team to achieve it
They try to convince investors with simply just an idea, without sufficient knowledge ora even team to achieve it
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?
they want to cover the cost of their ad campaign , i think.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?
A decent ad campaign can cost around $250 000, I think.
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?
Not all of them. Most of them do try to raise too much and that is one of the things I get to look at anyway before trying to invest in a project. There is just some amount of cash that is too much and then you wonder what the point is for raising such a huge amount of money for a project that can even kick start without much. Well, I will consider it greed and most of these projects end up not doing well eventually.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 usually always avoid ICOs that are uncapped or have very high caps. I just feel it is much harder to see profits. Many of these projects with high caps usually drop below the ICO price when it first hits the exchanges, especially if they also offer bounty campaigns. This just messes up things for investors.
Any high cap ICOs usually have a lot of difficulty in growing fast and always difficult for the investors to get so much from the coin at the end. As long as a project is viable and it has a good product that can easily fly, with a very low cap, they can do better, but most of these devs are just looking for quick ways to raise a lot of money for something that do not even need too much out of greed.
ICO's are milking it coz the markets are currently allowing them to. With time and transparency, things will normalize on the fund-raising aspect. My hypothesis is that we'll see multiple-phases of ICO's happening, similar to how we see Seed/Series-A/Series-B fundraises in the VC world.
Projects are trying to raise more money, because the price of the crypto currency is too unstable and at the time of the end of the ICO the exchange rate may drop significantly, which will lead to a shortage of funds for the project.
Yes, I agree there are many ICO's who are raising funds much more than required. We will be shocked if we knew the original projections than actual. I still feel , there may be few ICO who are genuine and have a long term plan whereas there are some ICo who just everything on the whitepaper and do not know where to proceed. So even when i look at the iCO i always see their roadmap to understand their vision and accomplishments to be done in the future.
Probably yes, that's the mean reason for making ICO and to have a successful project. Though some ICO doesn't reach their hardcap but it is considered to be successful since they finished their project.
But some of project owners become greedy , when they have received the money they just keep it and never look back to the people supporting the accomplishment of their project.
But some of project owners become greedy , when they have received the money they just keep it and never look back to the people supporting the accomplishment of their project.
Well, a yes and no for me. It depends on the ICO. It the Dev has big projects in mind he might start with a bigger target to get those funds for the project. On the other hand, sometimes making too large a target isn't good, if its not achieve as then you have to declare your ICO not achieving the target and hence a failed ICO.
The ICO project now looks more like a speculative project than an investment project, so you need to be careful about how to choose a good ICO project rather than just follow the trend.
Yes, I think they have raised too much money and may not actually be able to use it at all.Raising so much money is not good for team development, and they may be distracted by doing things.
yes totaly. they are trying to raise every cent they can. look at worldcore. they raised 10,5m dollars but extended ico time 1 month for 500k~1m more.. and lost their trust to investers.
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?
The high estimated price for soft/hard cap of the new ICOs is shocking and which is giving a clear view that there are a huge lot of scam amongst them all. If the hard cap is obtained at the end, then there is a tendency that they might end up the project.
You could be right for some projects because they do not need so much financial support as they aren't unique . And I think projects that are based on improving health, the environment, energy are some of the few that can not be put in the category of asking for too much because resources will never be enough.
I honestly think that some ICOs are raising way more mo ey that required to implement the idea, there are few good ones which raise as much money as required to implement their idea just like the one in my signature and few other ones.
But yes many of them are just raising more than required funds
But yes many of them are just raising more than required funds
When an ICO raises too much money it has no where to go but down.
http://albertmurphy.com/
That site as a lot of nice info about ICOs
http://albertmurphy.com/
That site as a lot of nice info about ICOs
It really depends on the project and there is no cookie-cutter answer to this question.
The problem that I have with ICOs is the fact that they do not provide any realistic breakdowns of their finances, which indicates either a complete lack of competence with regard to running a business or greed and laziness.
Fortunately little details like these make it much easier to identify potential unicorns.
At the very least it's always dead obvious when an ICO is just a money grab and not an actual vision.
The problem that I have with ICOs is the fact that they do not provide any realistic breakdowns of their finances, which indicates either a complete lack of competence with regard to running a business or greed and laziness.
Fortunately little details like these make it much easier to identify potential unicorns.
At the very least it's always dead obvious when an ICO is just a money grab and not an actual vision.
Many projects demand so much because investors give it to them. A huge stream of new inexperienced ICO investors multiplied on their fear to miss their star and we get such a crazy situation when a lot of crap gets many millions. Plus those investors who have already managed to earn a lot, also often invest without a special search, because they have this money.
It's a shame that most teams do not have their ICO divided into more stages. For example, if we raise $500 000 we make this, for another 500 000, we'll finish this and so on. It might be even clearer for investors and we could make better decisions on our investments.
Of course they do! Tell me, outside of crypto, what kind of huge projects take millions of dollars to develop? Those by major multinational companies with hundreds and thousands of staff and testers and coders in their development team.
If you are a project with a handful of people, do you really need to raise $1 or more million?
The first red flag is this to me. No budget, no statement of costs, no market research. Just some random soft cap and hard cap based on total supply of token or coins, and how much each dev wants to keep in his millionaire fund. Ridiculous, is it not? Absolute nonsense.
If you are a project with a handful of people, do you really need to raise $1 or more million?
The first red flag is this to me. No budget, no statement of costs, no market research. Just some random soft cap and hard cap based on total supply of token or coins, and how much each dev wants to keep in his millionaire fund. Ridiculous, is it not? Absolute nonsense.
Well, you got a good point of view and in addition to that some ICOs are just collecting investments and then they'll vanish to nowhere. I participated an ICO bounty campaign but until now after one month I still haven't receive any tokens and my fellow participants are complaining and we do nothing about it.
Of course they do! Tell me, outside of crypto, what kind of huge projects take millions of dollars to develop? Those by major multinational companies with hundreds and thousands of staff and testers and coders in their development team.
If you are a project with a handful of people, do you really need to raise $1 or more million?
The first red flag is this to me. No budget, no statement of costs, no market research. Just some random soft cap and hard cap based on total supply of token or coins, and how much each dev wants to keep in his millionaire fund. Ridiculous, is it not? Absolute nonsense.
If you are a project with a handful of people, do you really need to raise $1 or more million?
The first red flag is this to me. No budget, no statement of costs, no market research. Just some random soft cap and hard cap based on total supply of token or coins, and how much each dev wants to keep in his millionaire fund. Ridiculous, is it not? Absolute nonsense.
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