Failed Projects Returning Investors Money - page 7.

DabsPoorVersion

sr. member

Activity: 1260

Merit: 315

www.Artemis.co

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)?

I do have the same experience before. an ico that I invested refunded my investment, they just contacted me for some instruction on how to received my investment.

krassy

member

Activity: 476

Merit: 19

There were no projects that would return the money to investors,but there were those that collected investments and disappeared. If you have returned the investment it already speaks about the good faith of the developers, perhaps later after the improvements they will try to hold the ICO again and raise the necessary funds. But even if you get your investment back, you still lose a little due to the difference and inflation. Just need to better study the project in which you want to invest to eliminate the possibility of failure and loss of investment.

Dart18

sr. member

Activity: 1400

Merit: 259

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)?

Have not yet been with an experience like this and I am sorry that they fail. 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.

My investments are still on progress and I dont think they will come to that point. I am still updated in their telegram group.

Mig-23

legendary

Activity: 1176

Merit: 1000

I think that is the rule when the project have failed and they must returning the money to all investor because without that we can call it scam if they not returning the money back. we must be carefull from scam project right now because a lot of scam project in bitcointalk right now and we must be aware about it and always give information to each other

sunnydmd

member

Activity: 294

Merit: 11

Blockchain with solar energy

I have not seen any fail project refund investors's money yet.
but I think it'll be very good if they do so
but sadly, most of them payint investors some shit tokens and some promiss that it would be listed on exchange for them to sell.
take all the faith away

argus312

jr. member

Activity: 168

Merit: 1

In my opinion, you are very lucky, most of the comrades did not even receive letters, the projects curtailed and flew away ...

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: Archibaldos123 on June 06, 2018, 04:34:37 AM

It happens very rarely that ico returned money. You will be very lucky if you return your investment! I got into the projects of scammers three times and ended up without a large amount of money, since then I have carefully and long been selecting and analyzing ico before investing my money in it.

Yeah, it does. Some may tell you they will refund and make you go through all the process of refund and may never hear from them again, some do refund though, but majority of projects usually do not since this is a decentralized market and anything goes.

However, if you always make it a duty to choose the right team, project with some legal backing based on some regulations, it is always hard for you not to see a refund. I have actually gotten a refund once before and that was the only failed ICO anyway.

ekdahlswart

newbie

Activity: 94

Merit: 0

Just wait. You're lucky because almost ICO nowadays doesn't returning investor money. Just leave and take their money. Soo just wait and if you're lucky you'll get your money back.

kenborbs

jr. member

Activity: 154

Merit: 1

The revolutionary AI gaming ecosystem

In the first place, if a company or ICO is not legit from the start of its launch or pre-sale the money you have invested will take them away. But if a company or ICO is legit and they have been encountered a problem along the way. Probably they will return your investments or capital because they are committed to their goal.

APICEMTECH

full member

Activity: 308

Merit: 100

Blockchain Just Entered The Real World

You are extermely lucky to have gotten your investments back. Most ICO's which fail are not so transparent and keep on lingering the project while not making any real progress. Look at envion, they made so much money from ICO and are in a mess.

Snail2

legendary

Activity: 1512

Merit: 1000

You are a lucky one. I've seen a few honest projects where they actually refunded customers but most failed projects not used to return anything Some might say something about not being able to refund investors because of they already spent all the money on marketing and research but most of these guys just used to disappear without any trace.

jpnl0002

member

Activity: 308

Merit: 10

it is standard that ICO projects that do not meet up with their goal in terms of the financial commitment of the investment by the investors, such projects are supposed to return back the funds of those who contributed to them whether or not it be stated as a term in the ICO terms.

mimienamphine

member

Activity: 252

Merit: 12

I always like it when I see failed projects returning the investors money.This is one of the strongest ways to show honesty and transparency on the cryptocurrency market. It tells people that it is real and you cannot lose your investment because the project failed .So investors have faith when investing because even if the project fails,you get your money back.

sehoon

full member

Activity: 840

Merit: 101

I think returning money when an ICO failed should be a thing now. Because it is a waste of money and time investing on an ICO that is very hyped but later on it is just going to fail. An ICO is failing because the team is not doing well on campaigning their projects which is a very important factor. I would also demand refund whenever I invest on a failed ICO.

taiwww

sr. member

Activity: 588

Merit: 257

No not really as I dont invest much in the ICO's directly. However its good to know from you that there are such companies out there who really takes care of the Investors. I did read such threads earlier but unfortunately they were negative one's. I mean ICO did promise them that they will return the money but they did not return it. There was annoying response of the customers and it was fair enough. So I am pretty sure that you got really lucky and not just single time but also twice. ICO's are dangerous for this reason only but if they have any true agreement somehow bound lawful then we can save ourselves from wrong deeds I guess.

Yudhisthir

full member

Activity: 1055

Merit: 103

www.Artemis.co

ICOs generally refund their investors for not reaching their lower cap. Some have smart contracts to do so automatically while some do it manually. But again there are also scam claiming the same but making a profit on the price change in the time period. Choice of returning the money in dollar value or the coin value have a intention of profit in itself.

salinagomez

newbie

Activity: 266

Merit: 0

This is really good news. It is not expected that the coin will disappear from the market by taking the money of the investor. Such type of tendency affects the behavior of the investors as well as the reputation of the market. So this news will help to regain the belief of the investors.

hoasdnz77

newbie

Activity: 98

Merit: 0

I think you're very lucky, they are two very good project, because the two teams enough integrity, most of the time, if the ICO project failed, so you can't get any rewards and principal.

kl8847

full member

Activity: 263

Merit: 100

actually I believe they must do that but I have heard that some projects they're not, they're saying we didn't get enough money, so just get lost

amacar2

legendary

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CryptoTalk.Org - Get Paid for every Post!

Haven't heard much about this heardbeats but looks like they have good ethics to return investor money but don't know how they managed to cover all their operational cost till now if they are returning all investors money.. Roll Eyes

If ICO is ran by some registered company that have KYC and all other formalities than chance of you getting scammed by them will be low but at the same time you will loss your privacy. Wink

Topic: Failed Projects Returning Investors Money - page 7. (Read 833 times)