If ICO Extended the token sale date - page 3.

wantjokull

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Quote from: Justindud on August 16, 2018, 05:41:29 AM

If Any ICO extended the token sale for any reason like they not reached the Softcap or hardscap for any reason like for down market. So what's your opinion is it right of wrong?

To be honest, existence of the ICO itself is a wrong thing but what can we do about it if its getting invested anyways. Grin

Well, these days ICO's get extended because there are too many of them and thus it becomes hard for the ICO's to collect the sufficient investors that is needed for the project fund allocation and thus if it is not done within the specified timeline then they have to extend it. If not done like that, then there will be no proper fund raising and thus budget allocation to different process may collapse. So they have to do it technically and thus as business its nothing wrong in that.

shinratensei_

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Quote from: Justindud on August 16, 2018, 05:41:29 AM

If Any ICO extended the token sale for any reason like they not reached the Softcap or hardscap for any reason like for down market. So what's your opinion is it right of wrong?

It's a really wrong reason to extend the crowdsale and about this case, it seems like you are talking about ubex shit scam ico. You should not trust the team because it has extended the crowdsale due to the bullshit reason. If they can do a very well developed and they can earn a lot of revenue from their product and that's obviously true if ubex is a complete garbage

gokusenpai0302

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Quote from: Justindud on August 16, 2018, 05:41:29 AM

If Any ICO extended the token sale for any reason like they not reached the Softcap or hardscap for any reason like for down market. So what's your opinion is it right of wrong?

Probably yes, because it will not have an extension if they met their target sales in the first place. Actually, most of ICO's in the market is doing this so do not be afraid if its scam or what, they are doing it in order to save the project for failing to gain more funds from investors in order to succeed. Make sure you have picked the right ICO/project/bounty for you.

kamasino

newbie

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I think if the ICO extends the token, then the project will be more potent because there is a lot of investment involved in the project and the project will soon be more successful. I should focus on the analysis to choose a potential ico

ccsang

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it's normal for me, at least they doesn't decided discontinued project and refund to investor, as a bounty participants, it's a bad news for us, did you know project development need a lot of money support? I don't care project owner extended ICO token sale, I just want them at least raised softcap and deliver their promise

Benabod

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It is not a bad decision for any ICO to extend the date of token sale once the reason is genuine such as not reaching soft cap which is a necessary milestone to implement the roadmap of the project

tenebriscaelum

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If you are against the extension and the project did not have enough funding to the project then that means that you are OK that you have wasted your efforts in doing the bounty campaign because if the project did not meet its soft cap that only means that the project will not have enough funds to distribute their tokens and it will not have any value. That is why I think it is only fair that the project will extend the token sale to save their project.

pawanjain

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Nothing lasts forever

We cannot judge any ICO for this because the reason might be anything. It can be that the project has put in a lot of efforts and has spent a lot of money which was not covered in the ICO. It can also be that the project has allocated a cap for future money but didn't raise much and that's why they would have extended the ICO. It can also be that the ICO is trying to scam and wants more money and hence extended the ICO. It's better to research about the ICO and talk to the team before investing in an ICO.

bungutko

newbie

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I believe than an ICO should have to comply the due date that was set on the ANN thread. However, if the ICO has not met the target token sale, therefore the admin should have no other option except to extend the token sale and the bounty campaigns as well. With this, as a bounty hunter for such ICO, it's better to support rather than just quitting without any token reward.

agenlaptop

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sometimes the devs extend their iconic time because they want to achieve a full sales target, but now most of the projects have done that, only some of them are because the market has decreased.

conanmori

member

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That's their right and strategy on how they raise the funds. If they think that the market value are on fall they can do extend the ICOA so the coin value won't fall.

The bad thing about ICO extension are the factor that they can't get enough investor to reach the hard cap means the project are not that good enough or the team dont put enough effort on advertising the project. If this thing happens I don't want to invest in this kind of project cause you see that they are on downfall.

Tondya

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Quote from: argus312 on August 16, 2018, 05:51:05 AM

If the team wants to save their project, then I think this is the right decision...

Of course, they have no way except this. If they don't have money their project will simply die because developments and listing exchanges cost very much money.

Tondya

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I think there is nothing strange in it, there are difficult times now and it is very hard to even good projects to collect softcap.

auliahr

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I think it's not wrong, the important thing is they have the right reasons and we can understand it. because we know that building a project requires funds and how to build a project if the target (softcap) is not achieved?

I remember when Latiumx extended ICO time and after that they could reach hardcap.

asritajudin

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Quote from: jan.nicolas on August 16, 2018, 05:53:03 AM

If there is such a situation that the project can not get the right amount, then there are several options, or investors do not want to invest in the project, or the project has put too much for fees and it simply can not be collected

I also agree with your suggestion because there are so many reasons to why they can extend the token sales date, It could be due to the fact that they have not reached the soft cap or maybe there are no much investors to invest in the project or even because of the current condition of the crypto market.

jan.nicolas

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If there is such a situation that the project can not get the right amount, then there are several options, or investors do not want to invest in the project, or the project has put too much for fees and it simply can not be collected

argus312

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If the team wants to save their project, then I think this is the right decision...

Justindud

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If Any ICO extended the token sale for any reason like they not reached the Softcap or hardscap for any reason like for down market. So what's your opinion is it right of wrong?

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