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Topic: Do you fund ICOs ? - page 3. (Read 679 times)

full member
Activity: 1292
Merit: 101
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August 17, 2019, 08:12:17 AM
#35
Its really tough to come out with a good project and fall down like this .However fund raising always a tough way to go through if it's become success the project couldn't go for many reason like market situation .I think a good project always come up with a huge potentiality if it's not true we can't see eth,Tron as welll established coin .So that a good project always raise the fund.
member
Activity: 538
Merit: 17
So many books, so little time
August 17, 2019, 06:23:28 AM
#34
There's no problem with the project, it's just that the ICO was raise at the wrong timing.
Try to make a research and you will know the public sentiment, they don't want ICO anymore because they can invest in IEO which is more profitable.
Also, investors prefer to get their ROI faster so they'll choose to invest in IEO like Binance to gain profit when the hype is on, right when the coin started trading.

Please refer to previous replies. IEOs are not good because they are destroying the nature of smart contract platforms. If people need the IEO then was there any need for building such projects ?

If IEOs continue, Eth or other smart contract base crypto currencies will not get attention and even these trend could destroy the bitcoin too.

I don't understand how you think IEO would destroy the smart contract when there are still a lot of ETH tokens now that are having their sales through IEO in different exchanges. Can you enlighten me about your explanation because what I understand is when there's a project that issues a token, they use a smart contract on that.

You should learn first that who can launch an IEO ? and why Smart Contracts created ?

then I think you will understand that how IEOs are destroying the nature of smart contracts platforms, further more I don't want to explain it, already explained.
hero member
Activity: 1820
Merit: 515
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August 17, 2019, 05:32:20 AM
#33
I don't think ICO is a scam, there are many ICO projects that really make sense for the community and for the development of some technology. I have also invested in some ICO projects, unfortunately, those projects did not reach their goals.
It means they are useless,honestly I didn't see any good projects with success after their fund raising time so it means most project come with the intention of money making and they leave their projects standstill after they reached profits.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
August 17, 2019, 05:24:00 AM
#32
There's no problem with the project, it's just that the ICO was raise at the wrong timing.
Try to make a research and you will know the public sentiment, they don't want ICO anymore because they can invest in IEO which is more profitable.
Also, investors prefer to get their ROI faster so they'll choose to invest in IEO like Binance to gain profit when the hype is on, right when the coin started trading.

Please refer to previous replies. IEOs are not good because they are destroying the nature of smart contract platforms. If people need the IEO then was there any need for building such projects ?

If IEOs continue, Eth or other smart contract base crypto currencies will not get attention and even these trend could destroy the bitcoin too.

I don't understand how you think IEO would destroy the smart contract when there are still a lot of ETH tokens now that are having their sales through IEO in different exchanges. Can you enlighten me about your explanation because what I understand is when there's a project that issues a token, they use a smart contract on that.
member
Activity: 538
Merit: 17
So many books, so little time
August 17, 2019, 02:29:26 AM
#31
There's no problem with the project, it's just that the ICO was raise at the wrong timing.
Try to make a research and you will know the public sentiment, they don't want ICO anymore because they can invest in IEO which is more profitable.
Also, investors prefer to get their ROI faster so they'll choose to invest in IEO like Binance to gain profit when the hype is on, right when the coin started trading.

Please refer to previous replies. IEOs are not good because they are destroying the nature of smart contract platforms. If people need the IEO then was there any need for building such projects ?

If IEOs continue, Eth or other smart contract base crypto currencies will not get attention and even these trend could destroy the bitcoin too.
member
Activity: 538
Merit: 17
So many books, so little time
August 17, 2019, 02:22:51 AM
#30
It is really getting difficult for people to now fund ICOs because record of money that has been raised through ico scam is too much and people are hearing these news and seeing this figures, and with this figure, how do you expect them to be discourage after also knowing that majority of ICO projects in the market including the one that as fully been developed and just full of scam.

No matter what your friend is developing, we have some people that have developed similar thing in similar ways but they still end up using the application to scam investors, so to get investor convinced now in dropping their money for any project takes a whole loots of works and convictions. So for me, I would never support that ICO projects with my personal money.

The world has bad and good from the beginning, worse and fine is in every field.
Not all people are same, it does not mean that you should loose your faith, basically you blame other when you put all of your money in a project and get lost, Rule No. 1 in Crypto is that invest whatever you afford to loose, which mean that you are destroying your funds without a hope regarding you will ever achieve them. So invest whatever you afford to loose. Do not put all of your money in the same ICO, instead divide it by multiplying your funds which you can afford to loose to many ICOs. If you get scammed in someone, then other will give you a great profit and you'll be able to recover your money with a good profit easily & maybe your profit margin could be higher than you usually think.
member
Activity: 538
Merit: 17
So many books, so little time
August 17, 2019, 02:12:55 AM
#29
I think the failure experienced by your friend is because of poor marketing,
not questioning why we come or not,
it's our right to join or not,
but the big question is how marketing is done on projects that your friends are following,
and I'm sure the marketing is still less than the standard words that other projects often do,
they also have a concept and know which projects are your friend's project rivals,
and also what the difference is so people are drawn there.
these are just a few important points that can serve as examples for evaluation.

I think it could be the reason. But not sure because I don't know that how the marketing was done.
member
Activity: 459
Merit: 10
August 17, 2019, 01:55:58 AM
#28
I usually don't invest in mediocre ICO projects. I knew that he had a great deal of effort in forming a big business but it seems his Dapp wasn't good enough.
He needs to review his Dapp and why he failed in the capital call. Failure is always the mother of success. Wink
hero member
Activity: 2688
Merit: 588
August 17, 2019, 01:51:49 AM
#27
It is really getting difficult for people to now fund ICOs because record of money that has been raised through ico scam is too much and people are hearing these news and seeing this figures, and with this figure, how do you expect them to be discourage after also knowing that majority of ICO projects in the market including the one that as fully been developed and just full of scam.

No matter what your friend is developing, we have some people that have developed similar thing in similar ways but they still end up using the application to scam investors, so to get investor convinced now in dropping their money for any project takes a whole loots of works and convictions. So for me, I would never support that ICO projects with my personal money.
hero member
Activity: 2604
Merit: 816
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August 17, 2019, 12:36:43 AM
#26
In this year, I don't invest my money on ICO's because I don't think that it will give me a profit at all. Besides that, I see that the ICO trends has ended and now, it replaces with IEO although IEO is not too popular depends on the ICO. And soon, IEO will be replaced by another new trend which will always come and replace the old trend. I give my support for people who can continue what they did, but my support will not be 100% because that depends on how he/she work in the project. We need to become realistic and don't spend all the money to him because the project still needs to survive in any situations.
member
Activity: 663
Merit: 10
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August 17, 2019, 12:31:52 AM
#25
Unfortunately for him. But economics are unethical. This is a very good and practical statement.
If your product is really good, it will be a successful fundraiser. Nobody wants to invest in a bad product, because investors see the future ahead.
Please try again, I think he will succeed.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
August 17, 2019, 12:11:20 AM
#24
There's no problem with the project, it's just that the ICO was raise at the wrong timing.
Try to make a research and you will know the public sentiment, they don't want ICO anymore because they can invest in IEO which is more profitable.
Also, investors prefer to get their ROI faster so they'll choose to invest in IEO like Binance to gain profit when the hype is on, right when the coin started trading.
hero member
Activity: 1722
Merit: 528
August 16, 2019, 11:18:02 PM
#23
The first one is because it is not that interesting? Maybe?

Not all of the projects are that great and may not gather that great number of investors in the process. Another thing is that the way they market their project since as far as I know, that is the hardest thing to do while starting your own project.
newbie
Activity: 28
Merit: 0
August 16, 2019, 09:34:27 PM
#22
From the perspective of ICO sponsors, I am the earliest investor in ICO. I spent a lot of time on money, management, research and development, marketing and projects. I raise funds in advance and sell them in advance. I use cash to create more markets. Compared with the development of the project itself, it will be more secure, so ICO is a more pure way of running the project.
IEO are more like financial games controlled by exchanges or capital.
legendary
Activity: 2156
Merit: 1018
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August 16, 2019, 07:07:06 PM
#21
I think the failure experienced by your friend is because of poor marketing,
not questioning why we come or not,
it's our right to join or not,
but the big question is how marketing is done on projects that your friends are following,
and I'm sure the marketing is still less than the standard words that other projects often do,
they also have a concept and know which projects are your friend's project rivals,
and also what the difference is so people are drawn there.
these are just a few important points that can serve as examples for evaluation.
member
Activity: 538
Merit: 17
So many books, so little time
August 16, 2019, 06:51:01 PM
#20
Yes, during 2017 I bought some ICO on the market. Since ICOs before are really dominant and good enough to be an investment. I had bought before the ICO which were really hyped and had a product. But it turns to nothing when I joined different ICO that were scammer and failed. So, as of now I decided to pause a little while in funding or buying coins in an ICO.

I don't think so that you should pause as if you find a ready product then there are less chances to be scammed, a scam is whatever if you think that the owner or developer can run after taking the funds from you without listing those coins to an exchange. Because when a coin get listed on exchange, the early bids are higher than the ICO price. so you can sell those coins with some profits or maybe with 10-100% of profits. even if the project has less chances to grow, then when a token get listed on exchanges then it works similar to lending platforms where you sell the coins with great profit. but profit in icos could be less compared to lending platforms. It is because when you will not support ICO projects then you may loose some good projects or those projects could be dead without launching.

But instead you should avoid IEOs because they are destroying the nature of dapp,dao platforms, if this continues then I don't find any progress for xem, neo, eth, nuls, trx, xtz, ark etc. people will just avoid them and they will become just penny coins.
full member
Activity: 868
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August 16, 2019, 05:11:54 PM
#19
Yes, during 2017 I bought some ICO on the market. Since ICOs before are really dominant and good enough to be an investment. I had bought before the ICO which were really hyped and had a product. But it turns to nothing when I joined different ICO that were scammer and failed. So, as of now I decided to pause a little while in funding or buying coins in an ICO.
sr. member
Activity: 1092
Merit: 271
August 16, 2019, 04:20:05 PM
#18
One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?
Your friend must have been devastated with what had happened. He sold his car and spend hundreds of hours for the said project and at the end it failed. He could have offered his skills to other developers who could at least pay him in part in ethereum or in bitcoin. Its sad that ICOs nowadays are very unreliable. No wonder why a lot of ICOs are failing because they are losing investors. People don’t want to trust them anymore.
member
Activity: 538
Merit: 17
So many books, so little time
August 16, 2019, 02:57:37 PM
#17
Well, IEO's and STO's are more popular right now. The problem I have with most ICO's is that they don't actually need a token or a coin to work, exchanges, platforms, gambling websites, what's the point of coming up with a new coin when you can already use any of the hundreds of coins that already exist and literally work in the same way.

New business models has arrived, ICO are no longer the current trend that's why it is suffering and no longer being supported by a lot of investors around. IEO is the new thing, just look at how those projects quickly sold out in just a matter of seconds or minutes? To the OP, maybe investors are no longer interested to fund such project because of the simply reason that they don't see any potential profit with them. They would rather go to Bitcoin today or test their hands on the latest model that is IEO.

So do you mean that only whales can launch their IEOs ? and the people who really want to bring something should get out, out of this ICO craze ? This mean that already funded people has the chance to launch an IEO, launching an IEO on binance launchpad, or Bittrex need to have atleast 100+ BTC. so if you have such amount of money, then you don't need to go for an IEO to raise funds, you can spend these funds to your project and launch it. Let me know ICOs was for those, those wanted to raise funds for their projects with maximum less than a btc investment. If you already have money, then you don't need to go for IEO. and same for security tokens, the people who launch an STO, already have money (assets) which they claim that these are backing the tokens, means that these projects are left only for whales ?
legendary
Activity: 2464
Merit: 1102
August 16, 2019, 02:46:22 PM
#16
Not anymore and from the looks of it thats the sentiment for the general public too. Some people still fund IEO's but the notion that ICO's could make you a lot of money is gone already. People fund ICO's less than 10% they used to (compared to peak) and that means not just me but generally nobody really funds ICO's anymore because they know it can't make you rich anymore.

It was a way to get rich quick because the early ones were great and they really made a product with their coin but nowadays only some horrible coins or failing teams try to make a new coin and get rejected by the IEO's so they focus on ICO's hence nobody looks at them. Its still millions of dollars funded but it is not really what you used to be and gone down incredibly low, seems like it will go even lower.
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