Failed Projects Returning Investors Money

virtual_miner

sr. member

Activity: 475

Merit: 250

Quote from: LegitizeDrops on July 31, 2018, 07:37:07 PM

I experienced that too. We cannot predict the outcome of a project unless it hits the soft cap. You are lucky that they returned your investment. That is the importance of reading whitepapers and everything needed to evaluate the legitimacy of the team.

Every project while the ICO is committed to paying back investors without a soft cap, however, after finishing without a soft cap, they often silent and pay only for those who claim it. It also takes time to claim your money back. I know a Korean Record project, although not a soft-cap, but they are listed on the exchange, but you know that if you do not reach the soft-cap, of course, the price will also be dump after listing on the exchange

jpnl0004

newbie

Activity: 198

Merit: 0

Its a miracle for a failed projects to return your money its indeed a miracle because most projects just disappear into the thin air and you never get to hear anything again from them lucky you

palweduk

newbie

Activity: 45

Merit: 0

As we as a whole expectation the greater part of the ventures in what we have contributed will turn out great and productive in future. In this way, fundamentally, everything relies upon the potential that specific Project conveys and we have a tendency to have confidence and put our most extreme trust in it to turn our destiny. In any case, truly relatively like a large portion of the ICO Projects end up being a trick as so. thus we must be sufficiently fortunate to recover our speculation from that undertaking however just a few tasks end up being great. thus I accept here you ended up being sufficiently fortunate to recover your speculation and I acknowledge Heartbeats for keeping up their organization's trust. #respect

hoavantathan

newbie

Activity: 196

Merit: 0

I'm lucky because i never meet ICOs like you. I like some concept of ICOs but i alway choose the ICOs which is different from others. It means new realm.

Voomleli

newbie

Activity: 43

Merit: 0

Trick venture is continually irritating, I think we should be watchful when contributing, we should pick an undertaking precisely to dodge every one of those trick venture.

Since trick task would make a terrible picture on crytptocurrency.

Asujmule

newbie

Activity: 39

Merit: 0

As a matter of fact, in actuality, you would without a doubt get your store return once you didn't put resources into trick venture from the begin. Putting resources into a decent undertaking isn't sufficiently alright to belive they would hit the objective, so somebody should be set up for the hazard.

mklost

full member

Activity: 471

Merit: 102

Yes, some projects are doing this. such a great they are. While most projects are being scammed, some failed projects are returning the investment to the investors! Your ICO observation is pretty well, you got two honest ICO Projects. I wish if they can make hardcap! Then that project can be huge by their pure honesty.

carriebee

sr. member

Activity: 1148

Merit: 251

Good thing they returned your money because some other Ico's they scam the money from investors. This is the risks can encounter when investing failed to reach the soft cap/hard cap of their project. At least you experience of returning the money you had invest.

oegarod

sr. member

Activity: 602

Merit: 252

Returning of the investments were common with trusted ico developers. When they were unable to move according to the road map due to technical difficulties or some other issues they come up with plans of returning the investment to the investors. In most cases it takes little time to get it back. Same time there have been lot of scamming ico's who get the investments and pack off without any updates.

LegitizeDrops

copper member

Activity: 63

Merit: 4

A Great Firm You Can Trust For Managing Campaigns

I experienced that too. We cannot predict the outcome of a project unless it hits the soft cap. You are lucky that they returned your investment. That is the importance of reading whitepapers and everything needed to evaluate the legitimacy of the team.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: cryptothief on June 05, 2018, 09:07:19 AM

I invested in one pre-ICO back in November (Heardbeats), I liked the concept and it seemed like a promising project at the time. Unfortunately they folded recently as they couldn't get the partnerships they needed to move the project forward. On the upside, they did return the original investment, albeit at the current dollar value, so lost almost 50%. However, I did respect their honesty and commitment to returning as much as possible to the early investors.

Another project I invested in also folded a couple of months back, and I received an email from them saying they were going to return the investment. Still waiting for that one.

Anyone else have any experience with refunds (or not)?

Consider yourself to be lucky if you have been refunded atleast by those projects who didn't able to reach up their expected fund caps rather than on not getting at all when the project or team decides to scam.
I never experienced to have that investment refund yet mostly of the project I had joined up did succeed and make some reasonable profits to me which isn't bad at all.

PrudnikovLS

newbie

Activity: 113

Merit: 0

My friend had a similar situation and the money that he invested in the project he eventually returned. Wait a little while and you will most likely be sent money to the purse. But still offended when the project closes.

sexylady13

member

Activity: 322

Merit: 10

https://www.udap.io/ - Tokenize Everything

Quote from: cryptothief on June 05, 2018, 09:07:19 AM

I invested in one pre-ICO back in November (Heardbeats), I liked the concept and it seemed like a promising project at the time. Unfortunately they folded recently as they couldn't get the partnerships they needed to move the project forward. On the upside, they did return the original investment, albeit at the current dollar value, so lost almost 50%. However, I did respect their honesty and commitment to returning as much as possible to the early investors.

Another project I invested in also folded a couple of months back, and I received an email from them saying they were going to return the investment. Still waiting for that one.

Anyone else have any experience with refunds (or not)?

Those projects returning money back are exceptions to rules. Usually, if a project hasn't collected Soft Cap, investors don't get their money back. 90% of all the projects just disappear. As a matter of fact, it's a fraud.

vallytech

newbie

Activity: 112

Merit: 0

I think it is a normal thing to do, I have seen quit a lot of failed projects that have returned their investors money after failing to reach their soft cap, the investors have a choice to free the money or request for a refund.

ronics

member

Activity: 350

Merit: 10

If so, it depends on its writers and becomes one of the conditions. Many great ICOs are there and they are the minimum that they really want to raise. If they do not mean that there are terms that they will return to the participants but I've been scam by many, but most of the professors an ICO will go to the bottom, If you have many competent and knowledgeable writers, and read on Reddit, you should have a good idea of a community that should follow, and Steemit can be a good place to look at us as well.

Gerandoong

newbie

Activity: 165

Merit: 0

Quote from: Ms. CRYPTO ADVISER on July 13, 2018, 10:12:22 AM

Be thankful that you able to refund your money. Some other project out there suddenly disappear after realizing that their project will failed. Thats why escrow is important on looking for a good project. What ever happen to the project, even if it failed you can be sure that you will get your money back.

agree, out there are many projects that just disappear because they are a scam. so they are looking for other projects. for they also want to get profit again. so my advice if you want to join the project. do research first, because I am afraid you become a victim of fraud again.

Bexomol

newbie

Activity: 36

Merit: 0

I didn't know really that discounts are conceivable, yet I think it is uplifting news for you. I assume they should return back your cash to the wallet which was utilized for ICO exchanges.

Kingairdrop

jr. member

Activity: 552

Merit: 1

Most ICOs currently take it upon themselves to return investors capital on the ground that the project fails ( softcap not met ) but we still have some scammers out there who are actually in for the profit they get from investors during the pre-sale and public sale and dont bother returning investors money even when the project fails.

obility

newbie

Activity: 140

Merit: 0

They should return the money by all right, the money does not belong to them, the money was meant for the project and not for the team, so if the project couldn't hold or go on as planned because they could not meet their soft cap then the investors money should be returned and refunded,

Rosilito

sr. member

Activity: 658

Merit: 274

Wish for the rain? Then deal with the mud too.

Quote from: cryptothief on June 05, 2018, 09:07:19 AM

I invested in one pre-ICO back in November (Heardbeats), I liked the concept and it seemed like a promising project at the time. Unfortunately they folded recently as they couldn't get the partnerships they needed to move the project forward. On the upside, they did return the original investment, albeit at the current dollar value, so lost almost 50%. However, I did respect their honesty and commitment to returning as much as possible to the early investors.

Another project I invested in also folded a couple of months back, and I received an email from them saying they were going to return the investment. Still waiting for that one.

Anyone else have any experience with refunds (or not)?

Well, different story. I had been in other case, when I was about to cash out my money but suddenly the bank itself didn't send me any code that I need to talk to the customer service for me to get it back in my wallet. Second one is that, when I was cashing out, and then the automated teller machine didn't disperse any money that I filed a complaint to the bank itself to get my money back. For the investing things I don't have any yet so far.

Topic: Failed Projects Returning Investors Money (Read 833 times)