Topic: Just a quick question (Read 480 times)
Of course they can use money at any time, for any need. This is one of the main problems in today's ICOs. Many now are developing various proposals to control the money of investors. But so far this has not been realized yet. However, society is in great need of it.
The thing is a company running ICO can take all the money they collected and buy villas in Bahamas and never do nothing they've announced 
You can never guess what ICO is a scam with 100% and what they will do with money after the soft cap is collected
You can never guess what ICO is a scam with 100% and what they will do with money after the soft cap is collected 
When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?
It is depend on the developer and the team, once you invest your money they have the full control of it.Even they get some money from it they have the rights, if you asked them they will answer in a positive way.
you will never caught anyone on ICO unless ICO ended
just be careful! 
When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?
It depends. Most ICOs are dependent of the funds they get on sales, most ICOs aren't developing their products and projects unless the investment funding would reach their expectations. There are soft and hard capitals in every ICOs so that money are going to fund to the people who involved, materials and all resources that are important for the product or project developments.
That's why ICOs needs funding and that fund can only get through ICO sales.
When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?
I think its obviously when the company is not paying in BTC on their bounties like Signature campaigns. They don't have reserved funds which means some of them had the intention of abandoning the project if they even reached the softcap they'll scam some few investors with that. That's only the risk in investing on some ICO's some of them are just so ambitious.
When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?
I think that everything depends on what is written in the smart contract that is created for the ICO, as far as I know that they can not just take and take money, although what prevents them from doing this, if there is no smart contract for this. I think it's possible. 
I have not seen this, but I think that this is possible because softcap is the minimum necessary sum of money, so the project can be implemented only with softcap
Basically the campaigns do not stop on soft caps, because they want to go to hard cap when it's more than enough money to do their project
Great answer (you got my sarcasm?) but the question was "can they use funds after the softcap or have to wait till the hardcap?"
And the correct answer is: they can do whatever they want with the funds that already raised.
I'm not sure, but it seems to me that all ICOS should wait for hard cap to reach. They can't finish ico when reaching the soft cap.
Yes they can. If they collect soft cap it means they already have enough money to continue with project. You are wrong if you think that they should wait until ICO reach hard cap. Imagine ICO running a year without reaching hard cap, tokens can't go to exchange, investors pissed and so on.
Basically the campaigns do not stop on soft caps, because they want to go to hard cap when it's more than enough money to do their project
In general, this is possible and occurs mainly when the timing of the project is small enough and the company decides not to wait and work with soft cp, but this happens really rarely
Depends on how the ICO is structured. Been even seeing projects opt out of an ICO. I know Polymath did that and instead airdropped 10 million POLY tokens, which was great because now they're all worth $250-$300 for 250 tokens people received. https://polymath.network/
Its probably the used that softcap amount to pay their operational expenses.
It's normal I think, the need you pay the team or the promotional tools.
It's normal I think, the need you pay the team or the promotional tools.
The real thing is that nobody knows about these icos companys, they might have the full permission to access and use the funds collected in the first steps of the ico process, well you should ask a lawyer maybe or a CEO of an ico and you might get a good answer about this whole process.
When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?
I think it depends on the initial commitment of the project. some have rules if not reach softcap then there is a refund there is also the opposite. and if most if it is softcap then the team can pick up and which have been shipped.
I have never met such a campaign that will take and give up money like this, because if the company is quite well-known and the project is popular, then only time is needed to reach hard cap
I recently witnessed how the project team used the tools of a soft cap. At the same time, they continued to collect the funds of ICO and further
When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?
They don't need to wait for the ICO to be over. It is actually their decision whether they will use it or not because they need funds to pay for campaigns and development. But a good ICO usually have an initial fund so they don't have to use the funds that is coming from ICO until the sale is over. 
I'm not sure, but it seems to me that all ICOS should wait for hard cap to reach. They can't finish ico when reaching the soft cap.
They can. They will use the funds for development, which will allow them to further attract more investors
That is, they can receive money and immediately spend it to attract new investors? Is it possible?Jump to: