Failed Projects Returning Investors Money - page 5.

1020kingz

full member

Activity: 350

Merit: 106

Telegram Moderator, Hire me

Quote from: cryptothief on June 05, 2018, 08:07:19 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)?

Your experience is one of the lucky cases of an ICO failed and returning their investments to their investors. I don’t participate in an ICO because mostly they don’t return the initial investment when they fail and most of the time they run all the money they get from investors and that is why im afraid to invest in new ICO’s recently.

Nikolas_the_Wonderworker

jr. member

Activity: 238

Merit: 1

I did not lose money in the ICO. The solution to the problem can be solved simply: all new projects are required to develop an algorithm when the investor can at any time return his money or most of his investments - then the ICO project developers will work very well to fulfill their promises and execute the road map by 100%)))

duonghi99c88

newbie

Activity: 112

Merit: 0

Scam project is always annoying, I think we need to be careful when investing, we must choose a project carefully to avoid all those scam project.
Since scam project would make a bad image on crytptocurrency.

Rejinx

hero member

Activity: 728

Merit: 500

Very apotropaic as you're deed your chicamin back from the unsuccessful plan. That doesn't bechance further oft allow to unaccompanied twice.

metallikingz

member

Activity: 139

Merit: 10

There arent many projects returning people's money, so i think that those days in where we used to see all of them are almost gone at the moment

rdny

full member

Activity: 322

Merit: 100

You are a very lucky guy. Not many projects return the investors money. instead, they just vanish into thin air and you will hear not one word from them. We should really encourage projects to do this so that when the proper time comes and they intend to do another project, people will still have that interest in joining them since they are true to their word and is fair to all concerned.

KpopLord

jr. member

Activity: 98

Merit: 6

Quote from: xiaoY on June 06, 2018, 03:22:54 AM

I think you are very lucky. Now many ICOs cannot do this. Once the project fails or something happens, they may disappear. I suggest that you stay away from ICO in the future and it is really dangerous!

Yes, I agree to his statement. There are projects nowadays that are scams. It is a matter of taking risk because you don't have assurance for the reliability of that projects. the best thing to do is to make a research and gather information the project. People nowadays can easily manipulate other people. Be wise in investing money because other people might fool you.

Adunni6758

jr. member

Activity: 420

Merit: 1

I have not found myself in such situation, but i have seen some people and close friends with such experience. Recently, i came across a project that did not fold up, but just because some investors who wanted to dump the token could not, because it has not been officially listed and the price has fallen, but they have now been offered the opportunity of buying the token back from them. Not all projects can be so sincere to that level.

hodl_news

newbie

Activity: 92

Merit: 0

I've heard many stories that a large number of ICO projects were closed and did not return money to their investors. Therefore, you should be grateful for such honesty of the project team. Yes, you lost 50% of the invested amount, but I think that you will agree that 50% is better than nothing.

rextoinsem

newbie

Activity: 210

Merit: 0

there are very few such projects. now, many if not collect the minimum amount just handing out tokens. and investors do not know what to do with them and where to sell. so you're really lucky.

LenaPetrova

newbie

Activity: 350

Merit: 0

I this it’s a great luck for those investors who lost their money and also get their money. Because it is not a character of ISO. But i suggest leave this project because it is very risky.

capn

full member

Activity: 236

Merit: 100

My luck, that I haven't been in the situation like that yet so every project I personally invested have succeed

renes

sr. member

Activity: 532

Merit: 250

This is really great thing for you and I am happy to see such honest people on the market besides lots of scammers. Though they probably don't have to give it back to you, they did the right thing.

parlerm

newbie

Activity: 112

Merit: 0

Just few project which do that. Everyone need money and because of that they wouldn't get losses with returning money. But you're lucky get compensation for that.

capn

full member

Activity: 236

Merit: 100

I have heard that not every project would return your money but actually I have not many experience in that

longergou

member

Activity: 434

Merit: 10

I think you are very fortunate. When I first invested in ICO, I met scammers. After three months of ICO, they closed the bounty thread and disappeared! I hate investing in ICO now!

waynechong1995

full member

Activity: 644

Merit: 117

swing!

So far I didnt encounter any projects that genuinely fail and refund for us, but I did encounter a lottery project, smart billions that actually did a contract that allow investors to refund 90% of our ETH contributed and thats pretty cool, anyway that project has bug in their wallet and they couldnt extract those frozen funds too, wasted project and fishy developers but I was happy to get 90% of my investments back as a good lesson

sourish

full member

Activity: 532

Merit: 114

Its risk and luck melding with genuine and scammy projects. The only thing one can do is be aware and careful.

disbil

sr. member

Activity: 546

Merit: 250

Scam project is always annoying, I think we need to be careful when investing, we must choose a project carefully to avoid all those scam project.
Since scam project would make a bad image on crytptocurrency.

KryptoKai

full member

Activity: 630

Merit: 100

Any investor that gets a refund due to project failure is a lucky person. They are only obliged to return the money if the softcap isn't reached and even then that is a challenge. This is why early investors get a huge discount because they are taking a bigger risk.

Topic: Failed Projects Returning Investors Money - page 5. (Read 858 times)