Author

Topic: ICOs now are asking for too much (Read 539 times)

copper member
Activity: 381
Merit: 0
November 18, 2018, 06:25:23 AM
#59
Yes, I do agree with you that the icos are asking for too much money for Softcap and hardcap.. A few days ago, I saw one that asked for $50000 for its hardcap..
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
November 18, 2018, 05:58:56 AM
#58
It is true, in 2017, ICOs raised the bar of soft cap to 7-8 million USD, but almost every ICO has achieved the hard cap. Nowadays, even a great ICO cannot collect several million USD and I hope things will change in the future.
hero member
Activity: 938
Merit: 1000
November 18, 2018, 03:51:50 AM
#57
So far, in 2018, there has been a downward feeling in relation to the ecosystem of ICOs, with the great majority of them being traded below the initial price presented.

19% of people are very confident about the industry's initial currency offerings, while 36% remain neutral.
member
Activity: 462
Merit: 10
November 18, 2018, 03:18:18 AM
#56
In fact, projects that really help us don't need to raise money through ICO. There are many examples, such as Ethereum and XRP, which don't require any investment!
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
November 18, 2018, 03:16:23 AM
#55
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.

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.

WOW this is so sad. So many scammers in the bounty section is unreal. They do it to us as well, steal our content and usernames to claim bounties, my Husband lost a ton of tokens because we saw we were not getting paid then we saw the scammers were getting paid instead of us. It's not only time consuming doing the bounties but a real waste of time chasing the scammers as well. People want more women involved in Crypto but if the men don't clean up their act, we won't be seeing lambos and moons when half the population are kept out because they don't want to enter a space riddled with thieves, scammers, hackers and bullies lol.
hero member
Activity: 1655
Merit: 600
November 18, 2018, 03:09:20 AM
#54
They basically took advantage of the market conditions, and tried to raise as much as they could. They were aware that it will be much harder for a project like theirs to raise that much money in the future.
member
Activity: 271
Merit: 10
November 18, 2018, 02:59:56 AM
#53
If the development team is not a liar, then money must be necessary and no one can leave the money. A good project is complicated and marketing is equally important. But this must be built on a real development team, and if it's a fraudulent team, it would be terrible.
sr. member
Activity: 499
Merit: 268
PAYJOE93 DESIGN SERVICE
November 18, 2018, 02:48:01 AM
#52
There is a lot of thing to paid for developting project.. when a project just have moderate fund, will have posibility make a project grow slowly (because lack of fund to pay experience programers, experience marketing, etc).. Good team is needed for achieving project future, and good team need paid more..
sr. member
Activity: 770
Merit: 250
November 18, 2018, 02:45:18 AM
#51
This certainly depends on each ICO itself as well. ICO targets small softcap indeed achieved, but whether it will be a guarantee can go smoothly and achieve broad marketing? not necessarily. ICO with large target also certainly has big plans behind them and when encountered softcap high enough then it's a reasonable thing.
full member
Activity: 350
Merit: 100
November 18, 2018, 02:35:47 AM
#50
I think most projects don't need high financing at all, they spend more for themselves, don't they? Developing websites and simple products doesn't require a lot of money!
full member
Activity: 1372
Merit: 106
Available for rent
November 18, 2018, 02:31:18 AM
#49
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?

Actually, more that $10 mn might be needed for properly executing a good ICO. But the problem is that no one is thinking of long term and most of the project developers see their own benefits instead of that of investors.

This is also affecting the performance of good coins as it gives bad impression of crypto in general to new investors.
full member
Activity: 700
Merit: 110
Helios Protocol https://discord.gg/cpzAEMB
November 18, 2018, 02:28:03 AM
#48
Sorry I don't agree with you $10m is not really a huge amount of money to launch a new global business, you don't seem to have much experience of the costs involved in setting things up, they are not running a cafe or a corner shop. These funds need to support them for 12 - 24 months and there is a huge amount of travel involved especially taking part in the Blockchain events.
member
Activity: 238
Merit: 10
November 18, 2018, 02:17:56 AM
#47
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?
it's legitimate if it's like that but if there is an ICO that has reached the target of up to $ 20M, whatever money is made compared to what you say $ 2M, is enough. not to mention ico is a scam
jr. member
Activity: 294
Merit: 6
November 17, 2018, 03:14:29 PM
#46
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?
Most of them do not even need a tenth of the money that they are asking for when they are doing the ico but they ask for it anyway because they know that this is an industry that people are willing to invest in so they want to make money from it. They really are asking for too much and that is why a lot of people are very relunctant to give them their money
jr. member
Activity: 196
Merit: 1
November 14, 2018, 02:31:35 PM
#45
I also think that these figures are too high and they do not need so much money
hero member
Activity: 888
Merit: 500
November 14, 2018, 02:28:20 PM
#44
Nobody has doubts that an ICO cannot collect 1 or 2 million USD and this is the problem. People are so scared now to invest in at least some projects, that almost no ICO can even achieve such a funny sum.

It is because these ICO projects are actually phishing projects and it is impossible to get money from the investor. Now investors are increasingly smart and increasingly sophisticated in choosing projects
copper member
Activity: 280
Merit: 1
CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM
November 14, 2018, 02:03:24 PM
#43
Nobody has doubts that an ICO cannot collect 1 or 2 million USD and this is the problem. People are so scared now to invest in at least some projects, that almost no ICO can even achieve such a funny sum.
hero member
Activity: 854
Merit: 502
CTO & Spokesman
November 14, 2018, 08:26:02 AM
#42
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.

An ICO project needs funds or raised money to pay the team behind the projects and the other member that would help to promote the products. To develop the projects of course it needs huge amount of money.
jr. member
Activity: 364
Merit: 3
November 14, 2018, 05:37:31 AM
#41
You can’t give a Maximum to amount to be raised in ICO. firstly, these are different projects. Some difficult and more fund demanding than others. Also, the times aren’t in Favour of raising funds, people aren’t much interested interested in ICO unlike few months back.
It takes more money to run an ICO now.
Preferably, each Investor should check the project and the amount they plan to raise. You can find a red flag there.
jr. member
Activity: 294
Merit: 1
November 14, 2018, 05:33:15 AM
#40
To deal with this issue, it is necessary to study the information about each particular case. After all, a separate project with separate goals, objectives, geography and scale, a specific product, will strive to achieve the idea of the project by means of funds equivalent in real money. Therefore, by analyzing or comparing only ... my opinion.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 14, 2018, 05:32:09 AM
#39
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.
member
Activity: 304
Merit: 10
November 14, 2018, 05:19:59 AM
#38
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.
member
Activity: 378
Merit: 10
November 14, 2018, 05:17:56 AM
#37
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.
full member
Activity: 476
Merit: 100
November 14, 2018, 04:03:44 AM
#36
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. 
jr. member
Activity: 224
Merit: 1
November 14, 2018, 03:46:20 AM
#35
Of course they need much money... Shocked
full member
Activity: 798
Merit: 103
November 14, 2018, 03:44:08 AM
#34
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.
jr. member
Activity: 350
Merit: 1
FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET
November 14, 2018, 03:42:44 AM
#33
I think that yes, because in addition to the costs of the project components, they also need to pay the team and buy licenses!
member
Activity: 420
Merit: 10
November 14, 2018, 03:36:28 AM
#32
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.
full member
Activity: 518
Merit: 100
https://saturn.black
November 13, 2018, 07:10:41 AM
#31
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.
member
Activity: 672
Merit: 10
November 13, 2018, 06:50:42 AM
#30
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.
copper member
Activity: 154
Merit: 6
November 13, 2018, 06:47:47 AM
#29
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.
sr. member
Activity: 1176
Merit: 265
November 13, 2018, 06:33:20 AM
#28
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.
member
Activity: 255
Merit: 10
November 13, 2018, 06:28:57 AM
#27
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.
copper member
Activity: 322
Merit: 0
November 13, 2018, 06:08:02 AM
#26
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.
full member
Activity: 462
Merit: 103
November 13, 2018, 05:58:36 AM
#25
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.
sr. member
Activity: 700
Merit: 250
November 13, 2018, 03:46:14 AM
#24
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.
sr. member
Activity: 532
Merit: 250
November 13, 2018, 03:24:52 AM
#23
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.
jr. member
Activity: 83
Merit: 3
October 13, 2018, 09:20:38 AM
#22
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.
jr. member
Activity: 293
Merit: 4
October 13, 2018, 09:11:22 AM
#21
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.

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.
member
Activity: 378
Merit: 11
October 13, 2018, 09:06:38 AM
#20
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.
jr. member
Activity: 182
Merit: 2
October 13, 2018, 09:02:37 AM
#19
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 don't have a problem with an ICO asking for certain amount of money so long as it's justified. I mean these projects are being run like actual companies with overhead costs and other sundry expenses. What I have a problem is with is a complete scam asking for $30m only to disappear into thin air thereafter.
member
Activity: 1022
Merit: 10
October 13, 2018, 08:59:51 AM
#18
to work as applying use with customs on conception with the plan to run as referring use of deliverance with goods and service as developer works on extent to attains the table on market as the arbitrage trading on ethereum finance.
full member
Activity: 392
Merit: 105
Vena.Network
October 13, 2018, 08:55:05 AM
#17
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?
There are not so many specialists and developers in the field of cryptocurrencies so they ask for a big salary. And business-plan includes spendings not for few months but for years - till the product will not be completed. So sometimes it is fair assessment of required funds.
But only sometimes. In most cases business plan in ICOs is useless paper.
By the way many projects don't even need ICO to make a product Wink
sr. member
Activity: 348
Merit: 250
The Exchange for EOS Community
October 13, 2018, 08:04:39 AM
#16
I totally agree with you. I've recently seen a project conduct their ICO with 1 mil soft cap and 50 mil hard cap. Crazy enough and they didn't even raise the million. As you proposed 1 mil soft and 2 mil hard would suffice or at least 1 mil soft and 5 mil hard.
Perhaps you are right, the amounts requested are really very large. On average, 20 million for the project and almost all, despite various ideas, require such huge sums from investors.

Yeah sometimes they expect 10 million dollars for just for software, yeah i know software engineers are paid very high but project owners' acting greedy sometimes. (lots of times)
newbie
Activity: 28
Merit: 0
October 13, 2018, 08:01:21 AM
#15
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.

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.
member
Activity: 591
Merit: 10
October 07, 2018, 05:44:33 PM
#14
I totally agree with you. I've recently seen a project conduct their ICO with 1 mil soft cap and 50 mil hard cap. Crazy enough and they didn't even raise the million. As you proposed 1 mil soft and 2 mil hard would suffice or at least 1 mil soft and 5 mil hard.
Perhaps you are right, the amounts requested are really very large. On average, 20 million for the project and almost all, despite various ideas, require such huge sums from investors.
jr. member
Activity: 504
Merit: 3
October 07, 2018, 05:29:03 PM
#13
I totally agree with you. I've recently seen a project conduct their ICO with 1 mil soft cap and 50 mil hard cap. Crazy enough and they didn't even raise the million. As you proposed 1 mil soft and 2 mil hard would suffice or at least 1 mil soft and 5 mil hard.
full member
Activity: 476
Merit: 100
October 07, 2018, 03:37:39 AM
#12
You can't imagine the volume of costs that team should pay. High quality specialists and research and development are the most expensive costs, add advertising, road show and so on. When you will launch your own ICO than we will speak.
hero member
Activity: 1005
Merit: 500
October 07, 2018, 03:26:25 AM
#11
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?
There is no threshold for an ICO project to start. The problem is that if you want to make it successful, you need to spend a lot of time and energy to promote it.
hero member
Activity: 3080
Merit: 603
October 06, 2018, 06:54:23 PM
#10
That depends on the prospect of the project and what industry they are tackling. Including all of those expenses just to highlight and give exposure to their project, that's going to be the market cap of their token. The higher cap they hit, the potential high market cap they will start. But this business has been exposed too as a way for scammers to collect millions easily by just proposing an interesting project which really has similarity with most.
sr. member
Activity: 537
Merit: 250
October 06, 2018, 06:52:40 PM
#9
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.
hero member
Activity: 1400
Merit: 674
October 06, 2018, 06:40:28 PM
#8
there are some projects that do require a lot of funds to realize their concepts there are also those who only need small capital so we must first assess the concept of what they apply because the concept will give us answers to how much money they need
member
Activity: 1540
Merit: 68
October 06, 2018, 05:50:47 PM
#7
I think in q2 2018 till now
Icos didn’t really ask too much, they were simply greedy

Etherum was sold at 1 ETHEREUM = 350$
And some icos would insist their own 1 Etherum = 750$

Which would chase off investors and even ordinary ico participants
Trivver crashed and couldn’t reach softcap because of this
member
Activity: 364
Merit: 10
October 06, 2018, 05:36:22 PM
#6
ICO project for start needs fund to pay the compensation of the team (developers, community managers, advisors, etc) and these people are not cheap if we are talking here of talent so i think they need at least a million dollar for a softcap to endure and retain their talent for at least a year or so. Asking for $50million is too much though and i think it's an abuse.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
October 06, 2018, 05:21:50 PM
#5
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?
Entirely depend on what project they would tend to built or proposed even if you do tried to sum up all of the expense (labor, development) it wont really require millions of dollars which coming
to a point on where setting out a hard cap which is really very hard to reach out.I would say that they are entirely getting greedy because not all projects are really legit ones.
I have remembered the past where projects do only ask out $1M-4M which is a realistic goal.
jr. member
Activity: 194
Merit: 2
October 06, 2018, 05:19:36 PM
#4
Its not about developing alone.
There's a lot of other thing involved.
Let's say it takes about a year for the token to launch again after the ICO, within that 1 year of span, all the developers and employees need to be paid, the token must be still be talked about for one year and that needs marketing, other funding, collaborations.
In short, don't just look the aim, also what it takes to achieve the aim
legendary
Activity: 2436
Merit: 1561
October 06, 2018, 05:18:20 PM
#3
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're looking at matter as if all the projects were the same. Obviously it very much depends on the project and you have to assess each individually. Just like with (other) businesses, some need few thousands to start, other could need hundreds of millions.

To be honest, having high soft-cap could add some legitimacy to ICO. If organisers intend to pull yet another money-grab scheme, they're more likely to set soft-cap quite low, so they don't need to return it if the goal is not reached.
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October 06, 2018, 05:17:10 PM
#3
That depends on where the project is based, and who the key players are.  If we're talking about reputable people with a history of success starting a project based in Silicon Valley, you can expect the operating costs are going to be higher.  

Of course most ICOs are not what I described above.  If an ICO is founded by youngsters spread around the world, with no base of operation, with no business experience, working from mom's basement setting a hard cap at $10m...  It's no wonder they all look like scams.
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October 06, 2018, 05:12:24 PM
#2
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.
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October 06, 2018, 05:09:56 PM
#1
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?
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