Do you think that launchpad platforms and projects will return soon? We are already in a bear market and very soon new projects will start using launchpads again, I am looking into seedify at the moment but I want to ask the audience, do you think this is a good idea or it's over for IDO, IGO and other?
I have experienced investing on Creo Engine seed round. The only thing that I am disappointed so far is that it’s been vested and having months of cliff before settling off with the monthly unlock. If it has been mostly unlocked back then, I could have made my money back at least.
Because of the bear market right now that started off with the LUNA and Terra USD crash, the price of CREO in CoinMarketCap is way below the seed price. For me even if it’s pre-seed, there are no guarantees or promises that you would get back your money at least or even profits.
This kind of system should be avoided when investing in a project. Locking the token when they have our funds is unjust in my opinion. While the developer has all the means to move their token, they keep the investors token locked so that they can reap the early hype of the token. Besides, project that does that has no confidence in their marketing dept. So they do everything to delay the distribution of the token until they have already dump their token in the market.
Do you think that launchpad platforms and projects will return soon? We are already in a bear market and very soon new projects will start using launchpads again, I am looking into seedify at the moment but I want to ask the audience, do you think this is a good idea or it's over for IDO, IGO and other?
Not worth it even if they come back again. I am already seeing that there are zero to no interest among the community to invest into the projects in their initial investment strategies. Those were literally the old golden days when you used to put some money into the project by looking at their roadmaps and believing that they will run and return on investment. The problem is, they started scamming trend soon after they realize they can make handsome amount of money right after they launch. Plus they got the security of anonymous blockchain layer and thus nobody ever knew to whom we are sending the money what coins exactly we are getting back. This is definitely worst way to go with it now and it's better to keep calm and invest into projects which have had hard time in their start ups but now growing with realistic approach.
I think it still depends on the project that will used their platform or use their kind of crowdfunding. If the project that will do the IDO or IGO is shitty then it really does not worth it but if the project is legit and very promising then it is worth it.