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Topic: Hacken ai IEO failed - page 12. (Read 2276 times)

hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
April 17, 2020, 02:13:48 PM
#45
It is an unfortunate case and I have joined their Telegram group for asking the same questions. The company representative explained the idea behind rebranding but the stated reasons are not enough to justify the new IEO. Probit or other small token sale platforms don't give the expected results due to the lack of volume and interest by the investors.
full member
Activity: 1176
Merit: 162
April 17, 2020, 01:56:36 PM
#44
If they will plan to launch an IEO on Probit, vindax or p2pb2b that is the end.  Cheesy Especially probit almost IEO there is 90% dump I guess the exchange bots are dumping it with abnormal trades with the same amount the same as p2pb2b. They should have selected a decent exchange. Or the investors are not really interested In this project? I guess investors now only invest in top 10 exchanges like binance for better chances of profits.
full member
Activity: 406
Merit: 104
Convert Crypto at BestChange
April 17, 2020, 01:50:00 PM
#43
What will happen to hacken ai now? The project planned for IEO on oceanX exchange, damn I did warned them about such exchanges, they only sold 18% of 100% tokens for the IEO in 24hrs, that's a big failure, any solution to this?
Thats always a gamble. We cant be sure people will buy all IEO especially the exchange is a newly launch one. For sure the project can think of other way or other market for that. They have a succesful project before, and they still have funds over that to supplement on the current product they are building. I joined the campaign but hopefully this will turn out to be good later on.

 
I don't think so, mate! They really did a mistake and now showing excuse that Ocean exchange was attacked by hackers that's why they couldn't raise their target! Hacken Ai is a proven, well-known project for many days, but as they launch IEO, that means they need money to continuous development! I hope they will find another way like partnering with reliable projects, conducting IEO on a better exchange like Kucoin, Gateio! And Good luck to you, because Hacken AI worthy to promote!
sr. member
Activity: 1428
Merit: 275
BitByte Crypto: https://link3.to/bitbytecrypto
April 17, 2020, 01:43:24 PM
#42
they only sold 18% of 100% tokens for the IEO in 24hrs, that's a big failure, any solution to this?
it's usual to happen with the projects when the exchange don't have so many investors, but ieo of that project happened in that exchange. The samething happens with hacken ai. But i think , team members will try to contact other reputed exchanges where they have investors which will help hacken ai to fulfill the goals of their ieo. So , it's now totally depend on the team members to choose the right ones to be successfull.
full member
Activity: 406
Merit: 104
Convert Crypto at BestChange
April 17, 2020, 01:07:49 PM
#41

Maybe another round of IEO to another exchange will do. I have no idea about the project but its seem like an AI once again. So much AI projects in blockchain, I guess investors see this to be another clone project.

Would you say it will be much successful if its on Vindax or p2pb2b? These are the two exchanges which IEO team are choosing.

They chose a random unknown exchange, I have never seen Ocean Exchange before, they have such low volume and less liquidity! How can a project like Hacken Ai choose an unknown exchange for raising money! Okay, they did a mistake. Now as you are saying they may conduct 2nd phase of IEO on P2PB2B or in Vindax exchange, then I must say Hacken Ai is a worthless project for investment, they have no idea about the recent condition of the crypto market!
sr. member
Activity: 1498
Merit: 326
SecureShift.io | Crypto-Exchange
April 17, 2020, 12:36:35 PM
#40
This is very normal for the current situation of the market. If they do not choose the major exchanges in this market, surely their IEO will fail. I have seen a lot of IEO failures in the past and they need to do many different IEO rounds at different exchanges to call enough capital required.
Im not sure why hacken choose a new platform instead of goinf on a biggee and most notable exchange for IEO. The sales arent accepted and not sufficient for their fund raising. Maybe they can extend again the rounds of their token sale. But the problem here is, the demand. If no one really dont want to buy their token then it means its not that appealing to most investors. Some IEOs on probit survived even the project is completely shit. Im confuse with this one with a history already. Anyway good luck to those hunters joined the campaign if the IEO cancel Im not sure abour your payment.
legendary
Activity: 2646
Merit: 1815
Rollbit.com | Crypto Futures
April 17, 2020, 12:34:32 PM
#39
-snip-
There are other option like lowering the softcap in the IEO or at least removed it/ or delay the IEO. since we know that more of people can't decide to invest now because many country is affected with the virus and it's hard for investors to use their money to invest .
Reducing the number of softcap targets might be quite difficult, because the funds they need are already written down and have already been allocated for some project development, but if things like this might be considered.
Delaying the IEO or temporarily stopping it after the outbreak is over will probably give developers the opportunity to set the best strategy to get more investors and succeed in achieving Softcap.

For the time being it isn't even just the Hacken Ai project that failed, even other projects are experiencing the same thing so they have to give up on developing their project. This is a challenge that developers must overcome to make their projects remain and can continue to be developed.
sr. member
Activity: 1848
Merit: 298
Buzz App - Spin wheel, farm rewards
April 17, 2020, 11:32:50 AM
#38
It's really difficult for projects to get funding even through IEOs. So, the best thing would be to change the model of how these projects are collecting funds. Investors are tired of giving projects money and getting nothing but a promise of future. The project needs first to deliver a sample of their product or service using private funds before asking for money to expand the market.
full member
Activity: 896
Merit: 198
April 17, 2020, 11:19:05 AM
#37

I agree that they failed, they only reached 18% within 24 hours and they closed it. I think they will create multiple rounds of IEOs in other exchanges to raise funds, which is the only option for the project otherwise they will not have enough funds to help the project operate in the future
If they plan to do this they also need to use more resources  of money since every exchange will ask IEO for listing fee in them.


There are other option like lowering the softcap in the IEO or at least removed it/ or delay the IEO. since we know that more of people can't decide to invest now because many country is affected with the virus and it's hard for investors to use their money to invest .
member
Activity: 938
Merit: 13
AMEPAY
April 17, 2020, 11:14:07 AM
#36
As far as i remember hacken is a 2 to 3 year old project and they did had a successful tokensale back then but they failed to deliver anything solid in all these years and now they are back with more funding, well who will trust them again and again? Earlier tokensale participants with hkn tokens are almost at 99% loss. Come on.
full member
Activity: 1190
Merit: 105
PredX - AI-Powered Prediction Market
April 17, 2020, 11:01:14 AM
#35
IEO hacken.ai failed because of a DDOS attack on OceanEx exchange and the platform could not be accessed for 9 hours

What will happen to hacken ai now? The project planned for IEO on oceanX exchange, damn I did warned them about such exchanges, they only sold 18% of 100% tokens for the IEO in 24hrs, that's a big failure, any solution to this?
This project will continue and you should read here
We fully understand that the amount of funds raised during the IEO falls short of our target set. Nonetheless, we would like to reassure our community members that we are still financially healthy to fund our expenses and continue our product’s development.
So why don't they extend the IEO time? It may take several days for the IEO to reach its goal. But they have terminated IEO and stated they are fine, I believe they will continue to grow and maybe they will deploy IEO at a larger exchange in the future.
jr. member
Activity: 72
Merit: 2
April 17, 2020, 10:59:11 AM
#34
There should be a set time for the IEO to run. Don't be quick to give failure judgement. I will still give them benefit if doubts to hear from them. The Oceanex exchange probably is having issues.
full member
Activity: 905
Merit: 113
April 17, 2020, 10:55:29 AM
#33
IEO hacken.ai failed because of a DDOS attack on OceanEx exchange and the platform could not be accessed for 9 hours

What will happen to hacken ai now? The project planned for IEO on oceanX exchange, damn I did warned them about such exchanges, they only sold 18% of 100% tokens for the IEO in 24hrs, that's a big failure, any solution to this?
This project will continue and you should read here
We fully understand that the amount of funds raised during the IEO falls short of our target set. Nonetheless, we would like to reassure our community members that we are still financially healthy to fund our expenses and continue our product’s development.
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
April 17, 2020, 10:20:25 AM
#32
no need to panic. the project has a good team and I'm sure they will find solutions. maybe they will simply switch to another exchange and conduct a new IEO. I see that the project is working. I can’t give any guarantees, but personally, my research of the project suggests that the project has good prospects
newbie
Activity: 59
Merit: 0
April 17, 2020, 10:17:43 AM
#31
This is really a bad one but of all exchange to conduct IEO why choose OceanX exchange. I believe they should have done better or maybe they are looking to save money and they had to choose OceanX. And with this failed IEO, there is no way they are getting a refund, what will happen to them from now is on unpredictable. I hope they find a way to turn this around
sr. member
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
April 17, 2020, 09:45:40 AM
#30
This is very normal for the current situation of the market. If they do not choose the major exchanges in this market, surely their IEO will fail. I have seen a lot of IEO failures in the past and they need to do many different IEO rounds at different exchanges to call enough capital required.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
April 17, 2020, 09:44:45 AM
#29
The IEO ended in 24hours just as promised but with bad results, I think the team should choose better exchange next time if they still feel like going for another IEO round, I don't see anything wrong in that, many projects did same in the past too
To be listed on a good IEO launchpad is not easy dude. The team must try to prove itself to be the best team that can be picked by the big exchange sites. The exchange sites were also doing so many analyzation to pick up the best ico that can conduct IEO on their launch pad. This is a very difficult task. It can be done easily as long as it's a reliable team
full member
Activity: 812
Merit: 100
April 17, 2020, 09:23:38 AM
#28
Unfortunately we cannot doing anything, only the team who can take actions.
Maybe they chose the wrong exchange to run their IEO, but i think it is better to reached 18% sold than nothing at all. the team should give further information about their project whether they want to continue the project or give the investors money back.
full member
Activity: 2324
Merit: 175
April 17, 2020, 09:23:03 AM
#27
What will happen to hacken ai now? The project planned for IEO on oceanX exchange, damn I did warned them about such exchanges, they only sold 18% of 100% tokens for the IEO in 24hrs, that's a big failure, any solution to this?
OceanX exchange? I don't know this exchange, why would they hold their IEO to an unknown exchange, there are a lot of better exchange in the market, not because it's an IEO people will readily support it, the best they can do now is to hold another round, this time to a popular exchange in the industry, those with good repuation.
full member
Activity: 938
Merit: 101
April 17, 2020, 09:17:45 AM
#26
What will happen to hacken ai now? The project planned for IEO on oceanX exchange, damn I did warned them about such exchanges, they only sold 18% of 100% tokens for the IEO in 24hrs, that's a big failure, any solution to this?
its not a failed IEO, its because the time hacken ieo is running , ocean exchange experience ddos attacks and thats the reason why they only sold 18% , kindly read thier update on thier medium account.
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