Topic: Failed Projects Returning Investors Money - page 6. (Read 858 times)
Wow, that is wonderful. I have never experienced that before. Even if I participate in ICO's that do not work out, I do not get my money back. This shows that some ICO's are not in to steal investors money. I think other projects should learn from this one.
I never once experienced it and it restores my investment but with the pieces. perhaps fortunate that depends whether ICO policy returns in the form of whole or there are pieces of a few percents. of course, it should be able to be used as a lesson in the future also to the ICO election later because many new ICO also are always popping up.
In theory, I think you are lying. I think the ICO project has failed. So why give you a refund? Does the project owner bear the loss? Not willing to. This kind of event is your luck.
Yeah, the project must return the investment money, as for bounty they can just scam bounty hunters, but investment they should return!
I very rarely saw when projects that did not collect money returned money. I usually get either tokens or the project turns out to be scammers, although I heard from my acquaintances that they were being returned the ETH they invested.
From experience, as a matter of fact, you would surely get your fund return once you did not invest in scam project from the start. Investing in a good project is not okay enough to belive they would hit the target, so someone need to be prepared for the risk.
Any team that does not refund is obviously a scam and they never really had the mind of something good for the project in the first place which I believe should have been easy for any serious investor to detect in the first place. Most failed ICOs that are legit, always give money back to investors and that is how it should be. It is because of those bunches of scammers that we are beginning to have regulations in play now before an ICO is run in most places.
I do believe you are lucky in terms of receiving investment back. But most ICO projects aren't very kind type only a few of them stay on the light side of valuing investors trust and investment. As probably most of the ICO's turn out to be scammers in the end where they want to return the investors their money which they have invested in but later they turn out to be a scam. Some Projects just vanish with all our investments which is rare but we have to be smart before investing by checking the Companie's potential and growth in future. But some Projects fail in acquiring partners to grow their company. in this case its nobody's fault. So, basically its good that there are some good projects like Heardbeats and many more which turn to be awesome.
Yes, some ICOs that are failed for selling their token, commonly they will be responsible to return for the investors. However, it will need time for some days or weeks to get the returned funds at all. Here, what we must do is by communicating and keeping touch with the developer and ensuring that they are real, not scams.
It is generally rare when money is returned. You will be very lucky if this happens. Basically, they just deceive investors and disappear.
I don't have such experience yet. But I heard some ICO's are honest enough to return the initial investment if the ICO turns out for whatever reason. However, there are many scammers who will not return your money. Be aware.
If the project does really have a clear team then surely they will return the investments that go on them. but sometimes it also takes time and also there are pieces of a few percents. I never experienced it and it's a long process and gets a little piece. could probably be made of experience to have a project that could have qualified and will actually succeed later.
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)?
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)?
Actually youre blessed you participated those promising ICOS,i never experienced that if the projects failed they easily disappear ,in just hoping all ICOs will be faithful to their investors.
Although I have no experience in failed initial coin offering but I experience an ICO that the owner dump the coin in the exchange and I am very worried that time because that's my hard earned money that I invested to them and I loose 50% in fiat value.
I must say that you used have good project over ICO. Now a days, most of the ICOs don't have this feature. But, they're trying to improve. Let's see what happens in future.
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!
It is normal for fundraising to come to a bad end and this can actually be very frustrating not just for the investors but also for the team. However, it is normal to see a refund when the team is a trust worthy one and like someone said this is why it makes sense to always crosscheck the team before going ahead investing in anything. Things like this are not in the hands of anyone and once they happen there is simply nothing anyone can do about it.
youre lucky. Most ICO'S just disappear or continue to promise things that they cant deliver. consider yourself lucky.
Seldom you see ICO funded projects that failed refund its investors. You are one lucky person. Kudos to the team of that ICO for atleast having able to rescue funds to return to investors.
They paid back in USD?
Is that how they funded their ICO? I thought they were doing it thru ETH or BTC. So If they paid back in the same number of ETH or BTC then there should not be some lost coz it is still the same number.
Is that how they funded their ICO? I thought they were doing it thru ETH or BTC. So If they paid back in the same number of ETH or BTC then there should not be some lost coz it is still the same number.
Yep, they paid back the current USD value in ETH, so because of the gains ETH had made, I lost about 50%. The explanation was fairly straightforward though, they had converted most of the money into fiat to try and avoid any wild fluctuations in the market. Unfortunately turned out to be the wrong decision, but I guess making decisions with hindsight is easy. It was definitely better than nothing anyway.
Wow, this is quite the rarity, at the least a good gesture but do wonder how many of the few that say this actually do and will deliver on the promise.
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)?
This is a great gesture and an initiative to build a relationship between client and company.It can built someone's goodwill and can help them in there further projects.As in cryptoworld we don't have any regulatory body,people finds it difficult to invest big in new project,if this things become mandatory by having some digitally sign contract with mention company and these points than that will propel people to invest big and ultimately business will increase. 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)?
Jump to: