Topic: ICO reached hard cap - 50 MILLION- not listed in an exchange - SCAM? - page 3. (Read 816 times)
February 03, 2019, 11:35:58 AM
I don't think that the project that has received 50 million investments will be a scam. Only the team is waiting for the market's poor conditions to improve. If the market gets a little better, everything will be fine.
February 03, 2019, 11:21:52 AM
You didn't even give links to check, how is people supposed to give you an answer?
You are right we cannot give him an exact answer, maybe you are just protecting your stakes because you are one of the participants on their bounty campaign, I understand that but my guess is this is Bitmillex, they have not given their bounty and they are not listed in any exchange even though they have reached their cap.
February 03, 2019, 11:01:32 AM
I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.
This may be a good project, and fraud. On the one hand, the fact that the ICO team claims that they raised 50 million dollars during the ICO may not be true. On the other hand, the current situation in the cryptocurrency market is very complicated and many projects simply do not want to pay off investors and headhunters and transfer their tokens to the stock exchange so as not to degrade its price. Therefore, they delay time in the hope of a favorable change in the market situation. Basically, it makes sense. However, many ICO fraudulent projects also take advantage of this. Therefore, it will be known only after a certain time.totally agree with you, the current ICO projects are popular with using some tricks such as gaining softcap, raising a large amount of capital from private sale. Maybe they are not really bad, but I always ask the team about their ICO wallet address
February 03, 2019, 10:56:24 AM
There is an opinion that this is really a scam project. As I recall, many projects that now have time to collect normal funds actually turn out to be scam projects, which in the end simply disappear. It is sad.
January 31, 2019, 09:32:39 AM
I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.
May we know what ICO project is that mate, you didn't mention the name. It very seldom for the project to hit that target 50M$ if ever there is its only few of them. We can only say that is scam if they never give any updates about their project and they abandon it.
January 29, 2019, 10:08:33 PM
I could say it's a 50/50 chance. If only we are not in a long bear period and that happens then I will conclude that they are a scam. But because of the market state, we can't be so sure at all. But with that money, they should be able to use some of it to quickly list on top 10 exchanges like in bittrex today.
January 29, 2019, 09:24:16 PM
I think it's not. Since listing of a coin in an exchange tooks long time, it's a long process. Maybe you should wait for your projects get be listed in exchanges, it's not just because it reached its hard cap then it would suddenly listed on exchanges.
January 29, 2019, 09:16:48 PM
I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.
If the team have reached its hard cap but still not listed on the exchange, but with a valid reason for like that, I think you should respect their decision. Let me ask you something, why are you in a hurry on the exchange. Are you selling all? January 29, 2019, 12:16:42 AM
I guess the project being discussed here is CREDITS. Right?
January 28, 2019, 11:49:36 PM
The team not listing the coin on an exchange for 3 months is not a good reason to tag them as scam or not. I also invested in a certain ICO which ended in about 6 month ago but has not been listed yet due to the current market situation, though the team keeps updating the community frequently
i see many ico projects that postponed their listing in market due several reason.maybe the market condition could be main reason for this.they worry if listing price dumped and they could not give their investors.personally i will agree with their decision.but they have to still active communicate with their investors. January 28, 2019, 11:38:47 PM
I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.
This may be a good project, and fraud. On the one hand, the fact that the ICO team claims that they raised 50 million dollars during the ICO may not be true. On the other hand, the current situation in the cryptocurrency market is very complicated and many projects simply do not want to pay off investors and headhunters and transfer their tokens to the stock exchange so as not to degrade its price. Therefore, they delay time in the hope of a favorable change in the market situation. Basically, it makes sense. However, many ICO fraudulent projects also take advantage of this. Therefore, it will be known only after a certain time. legendary
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January 28, 2019, 11:29:40 PM
This project may be scam or may not be a scam. Buidling a project takes time. It's 3 months only as per your opinion. I think it takes more time. In my opinion, it is not a scam project if ico team is in contact. Ask them how much time will it take.
January 28, 2019, 11:25:36 PM
not really, maybe the team thinks it's better to focus on development, rather than speeding up listings but making the price of coins destroyed. as long as the team always notifies all updates at any time, it doesn't seem to matter whether there is or no market before their platform is released. if you are not ready to accept something like this it is better not to join. remember there is nothing instant in this world, it needs a process to succeed.
January 28, 2019, 06:56:46 PM
The team not listing the coin on an exchange for 3 months is not a good reason to tag them as scam or not. I also invested in a certain ICO which ended in about 6 month ago but has not been listed yet due to the current market situation, though the team keeps updating the community frequently
January 28, 2019, 05:39:39 PM
Well it will be hard to tell since all you will know something is in the pipeline for token holder. Patience is really keen here so just belief what they are saying and watch their Way's before being judgemental.
January 28, 2019, 04:53:35 PM
Anything could be possible scam or else. I know a project, ICO completed Q2 2018 but still doesn't listed exchange and waiting for Q1 2019.
What you should understand is that it takes time for a coin to be listed on an exchange,it takes time and for the fact that a coin doesn't list immediately on an exchange doesn't mean such coin is a scam,the OP should just remain patient and watch out for future announcements from the project,most times patience is highly needed January 28, 2019, 04:51:24 PM
Anything could be possible scam or else. I know a project, ICO completed Q2 2018 but still doesn't listed exchange and waiting for Q1 2019. Funds rise isn't enough, project types.
January 28, 2019, 04:44:46 PM
I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.
It could be a scam, but it does not necessarily have to be one.Since the crypto market is currently not looking good, devs might not want the listing on an exchange right now.
It is really hard to guess if we have so little information about it.
January 28, 2019, 04:32:11 PM
There is not much sense to list a token without a working platform. It has sense to develop the product first ( functionality) and then list it on exchanges. I think you are talking about Bitgoals project. They did not raised $55 million, they sold 55 million tokens. The final price was $1 but in pre-sale the price was $0.5 and the ICO has finished half a year ago. They are suspicious as the progress of the development is very slow and they do not care too much for their investors and community.
January 28, 2019, 01:50:21 PM
It is hard to tell whether the project is scam by reading your post. Listing in an exchange take time, I believe 3 months is still alright. In this bear market, many projects are wary to list coins in exchanges since most coins depreciate in values.
Yes, but is any project get 50 Million USD then he should list any exchange at list within one month is better. But as only for the listing matter we can not say for a scam. Scam project team members are so lazy and they think always negative. Also, they do not work properly on social sites.
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