ICOs now are asking for too much - page 2.

ethereumhunter

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Quote from: btyco on October 06, 2018, 04:09:56 PM

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

Every project can make a target to reach, and they can make it to the larger amount of money. We don't know what exactly they want to do with that money, and maybe they need to pay every people who are contributing to the project and developing the project until it's finished. Sometimes we think that it seems does not realistic to see the number but still, we don't know what for the money they will use. I think there is a project that has a lower soft cap as you said and some of them can reach their target while the other project cannot do the same.

danfred

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Quote from: btyco on October 06, 2018, 04:09:56 PM

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

Yeah, but there is nobody to make them reasonable. It makes me mad, because there are so much great projects, and I am afraid of investing any of them.

Nowherman

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Indeed, sometimes funny to see how some ICO projects receive millions of dollars of investments, and in fact they create a website, a mobile application and several computer programs that cost no more than $5000. Then such projects over the years depict some kind of activity to lull the vigilance of investors.

waser12

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Of course, some project need big stuff - high qualified specialists who cost a lot. And if you want compete in the crypto market you should have big money reserve.

iTradeBit

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Of course they need much money... Shocked

xenomorphe1

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Only the ICO startup can determine how much money it needs to rise and what is the requirements for the success of their project. But they certainly need to ask a little more. As they might not be able to determine what they exactly need and might miss some points to reach their goal. Sometimes they change their goal after the ICO too. But some are surely asking too much money and some of them are scam projects.

Suwycu

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I think that yes, because in addition to the costs of the project components, they also need to pay the team and buy licenses!

LickKing

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Yes, starting a business is very difficult. Money must be a necessary factor. You need to know that knowing the employment of a technician requires a large salary. This is a high-end industry with extremely high technical maintenance costs. When the budget amount is insufficient, the project cannot be successful.

Musia

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Quote from: btyco on October 06, 2018, 04:09:56 PM

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

I think that they do not just install soft-cap, I think the developers really know better how much they need investment in order for the project to start a full-fledged work. For some projects, $ 1 million is enough,for others$10 million.

anggaem

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I think they need the money because they work as a team they have to pay a lot of employees and they have to pay rent for the office, and also all of them are used to finance the project for years.

Adecrypt83

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Exactly my thoughts, they are just taking advantage of unregulated environment to feed fat. Most of these projects don't need up to 25% of what they are asking for but what we can't blame them because it is the system that encourages this.

timmmers

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Quote from: btyco on October 06, 2018, 04:09:56 PM

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

I agree with you, I do not understand for what they need so much money? They need to collect money for some utility tokens? This is really foolish.

paveel90

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Quote from: btyco on October 06, 2018, 04:09:56 PM

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

They need to be sure for the project to be launched, so we should not blame them. Moreover, it is up to you to choose, would you make an investment or not.

Ruffian1314

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I think yes. ICO project is a company too who needs to be funded very well to reach all their goals in the future. A real ICO project needs to be have a high soft and hard cap and atleast 5-6months long in selling their coins because if it is a short period of time then its a scam.

Fedots83

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Quote from: btyco on October 06, 2018, 04:09:56 PM

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

Of course they need, because capturing the market may take a lot of time and money, so the more money team have, the more chances it have.

indobitcoin.tk

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each ICO certainly has its own plan in their system. assess the ICO all equally not true because each system and purpose are different. When they apply the softcap, of course, high also has a great purpose and great prospects, but not that low has no purpose softcap for sure. However, when many are comparing the ICO one another and then from this, it would seem that that has a great look too softcap impossible and unwilling to enter into it.

hellyeahent

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It is pretty hard to find expirienced blockchain developer, which does not work in certain team yet. That is why teams need so much money - to attract them.

devormity

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Seriousness is very good in developing a project, of course the funds needed are very many, many are related to launching all fields, it is not easy to run in the form of very little value, for example to promote many projects that need to be rewarded according to the performance of all taking part, it is very important to advance the project without originating in launching innovations in the future.

Fenderr

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Quote from: Qiuyue201_real on October 13, 2018, 07:01:21 AM

Warning! User Qiuyue201 is using stolen account!

Cancel all his bounties etc.!

Hello, scammer.

You stole my account. I am reporting this form now on to all the bounties you are attemptimg to participate in (but I am doing it at the last of the bounty so you have to work for nothing). Also reporting to all the prevoiuos bounties that ended and you were not paid for them yet. Also reporting to Bitcointalk administration that you are using my stolen account. This is second time it happened to me. Not sure if you were last time or someone else, but this time I am asking them to ban all your accouints if you have any multi accounts.

Quote from: Qiuyue201 on October 06, 2018, 05:52:40 PM

Quote from: Reid on October 06, 2018, 04:12:24 PM

Yes, because most of them needs to pay employees, programmers, advertisements and a lot more.

I remember one ICO who got bankrupt because they didnt hit the softcap although they got 3million dollars in their offering.

Look this people needs to pay a lot of things and with just 1 million dollars it will not be enough.

Add the capital they released. I dont think that will be a small one.
This is for legitimate ICO's who have a goal.

I'm not sure about that but what about these coins that didn't raised any money from the investors? You can see byteball and more free airdrop coin just like decred. but these investors are taking opportunity to doubled their money. As far as i know about the fact that icos can be considered as a game changer after crypto trade.

Sorry to derail the thread please, but I hope Theymos and other admins will invest this issue and possibly ban the account thief from continued use of the account he stole.

daladno12

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Quote from: btyco on October 06, 2018, 04:09:56 PM

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

You are right! if there is a small team of 3 devs then they don't need 1-5 or $25M.

Only large companies with a well-working and sales generating business could ask $20-25M on ICO or token sale. Because such big companies are able to quickly and efficiently utilize a big hard cap.

Topic: ICOs now are asking for too much - page 2. (Read 553 times)