If ICO Fails, Then what happen next? - page 28.

cryptoaddictchie

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Quote from: akashark on December 15, 2017, 03:48:11 PM

There are many ICO is running at the same time. Maximum ICO can't be success. So, if I invest in any ICO and if they can't be success then what will happen with my money? Will they give me back me my money or not? I am so confused. So, please kindly inform me.

Thank You Everyone.

They will return your money once the desired softcap or hardcap set was not reach. Normally legit projects return the money on the respective investors just in case they don't raise enough funds for the project. Too bad if the management or developers of that project are scammers there's a chance they will just vanished without a trace and the one you've invested also gone just like that. So better be careful on choosing ICO projects make sure the one handling it are legit people.

gaurav82

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It's depends on company. Some ICO return money. But some fraud. And some still working by spreading after ICO end.

Mr.Gun

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Quote from: Luigi_LP on December 15, 2017, 05:47:19 PM

Quote from: akashark on December 15, 2017, 03:48:11 PM

There are many ICO is running at the same time. Maximum ICO can't be success. So, if I invest in any ICO and if they can't be success then what will happen with my money? Will they give me back me my money or not? I am so confused. So, please kindly inform me.

Thank You Everyone.

Generally, ICO has a soft cap, and if this one isn't reached the project refunds the participants, but this doesn't happen always

What happens next if you invest in ICO you will not get any profit and with that now more people are investing in cryptocurrency to make a profit so from now on there are so many scam ICOs and many people are afraid to invest in ICO

minhchien9abandat

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I knew a ICO fail. it is coinstock (IOX) exchange. because they didn't enough investing money. Then Dev team has sent ETH come back investor and said sorry

3kpk3

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Quote from: Mr.Ease on July 25, 2018, 01:01:16 AM

Well its actually self explanatory... If the company behind the ICO/ token dissapears, dies, runs out of funds, or simply buys lambos and blows all the ICO cash leaving development screwed... Aka... Fails.

Well then your investment (tokens you hold) become uterly worthless and you move on...
Happens all the time actually.

These we call Shitcoins and there is a mountain of them on nearly every exchange.

Welcome to the wonderous world of crypto Grin

Well put. This is the obvious problem with ICOs and this is why it is so damn risky investing into this extremely volatile market. Invest only what you are willing to lose. If you are not willing to lose your money, I advise you to stay away from this market. I have seen so many ICOs go down the gutter due to different reasons which you stated which is why I always advise doing proper research before investing into any particular ICO.

Alex Foman

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Better not to guess. And try to spend more time a reliable ICO. To be sure of sure that everything will go as it should. And do not worry about the work of the chosen company

Cryptomonyet

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Usually they will give back your money, this process usually automatically. Just make sure you pick a legit project or you'll lose your money.

blue08

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If softcap does not reach then they will give back the investors money. However, if the softcap reached and the hardcap did not, the project will still go on. There are also instances that they will just run away with your money.

Refozzblaze

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if ico doesn't reach the soft cap then they have to return the investor's money, even though there aren't many projects that fail to reach the soft cap

RNGfight

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If ICO fails, you can only sell tokens cheaply. Roll Eyes

If no one wants to buy the tokens, they become worthless.

Mr.Ease

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Well its actually self explanatory... If the company behind the ICO/ token dissapears, dies, runs out of funds, or simply buys lambos and blows all the ICO cash leaving development screwed... Aka... Fails.

Well then your investment (tokens you hold) become uterly worthless and you move on...
Happens all the time actually.

These we call Shitcoins and there is a mountain of them on nearly every exchange.

Welcome to the wonderous world of crypto Grin

labake

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Based on past experience, if an ICO doesn’t complete their sales, they would surely return fund back to investors. And investors would be saved from grieve.

cryptoblazter

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Majority of the ICO nowadays don't have the potential to be successful due to various reasons. If the company that handles the ICO is legit and ICO fails, then money will be given back to the investors. But, if the ICO is not legit, there is no way to get your investment back. So, take the necessary precaution before investing.

baiwei

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Some ICO's if their project did not succeed they run and shutdowns the website and their social media because they did not even reach the softcap but there's a few ICO that if they did not reach the softcap they are returning the funds to investor.

dsdsdndn

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If they are legit, they will refund your money
If not, they just leave you and you lose your money

Misshi

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Quote from: LGD2Business on December 15, 2017, 05:50:10 PM

If they are legit but they couldn't collect amount that is needed to start the project they will give back your investment.
If they are scammers they can run away with your money. There's no regular law for this situation.

That's right. If that ICO project has a pure intention and failed, they have to return your investment since they haven't reached their minimum target of investment. But they can just disappear without giving back the investor's money. That's the risk.

cryptobae10

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I believe firstly this depends on the type of project
If it is a project run by real individuals, you will get refunded back
But if it is a failed project from supposed scammers; I’m sorry there won’t be a refund

hermae

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If the ICO is real and legitimate and could not reach their target and fail, they will most probably return the money to their investors, but if it is a scam, they would not return your money.

kirstiemorton23

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If an ICO fails then your money will be gone, I think, I have never heard of ICO that failed and returned your money, maybe friends in this forum can provide other information about refunds when ICO fails.

Tambu

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Quote from: akashark on December 15, 2017, 03:48:11 PM

There are many ICO is running at the same time. Maximum ICO can't be success. So, if I invest in any ICO and if they can't be success then what will happen with my money? Will they give me back me my money or not? I am so confused. So, please kindly inform me.

Thank You Everyone.

Every project is z business, if the ICO that you invested with failed, then that part of business consider it a lose. Your money will not be return to you anymore.
There is no business on earth that risk free.

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