Postponed ICO after bounty campaign - page 5.

DanWalker

hero member

Activity: 1960

Merit: 547

Vave.com - Crypto Casino

Quote from: bittraffic on January 01, 2019, 10:00:16 AM

If the team did a bounty campaign already for weeks and postponed the ICO after they see the bear market hasn't yet ended, do you think they are best to wait for the market to get better or just continue the ICO?

If they already have a working product, why not jsut continue the ICO after all, they just need few funds.
By the way Lyfe Project collected overwhelming funds in this bear market.

Here are list of projects that did it;

blackbox
WeiDEX
BXBET

I think they also claimed they do have a working product.

If I'd be in such kind of situation, I'd rather try to find some venture/angel investors. Nobody invests in ICOs nowadays, so there is 99% chance of fail.

PS
I can't understand the reason why and how new ICO projects pop up))

AgentZero23

member

Activity: 644

Merit: 10

If they have a working product they should have move forward with the ICO and about their reason with the current market condition. I think it's a lame excuse as some projects always have that reason when the they failed to collect some funds. However, it's true not enough funds means the development of the project and product will be delayed and its not good for the investors and bounty hunters and also to the developers.

sherenikaw

member

Activity: 630

Merit: 10

rocket.hashbon.com

Every decision will always include the risks. If they continue the ICO, they may only need the small investors and they should spend more budget for the bounty or airdrop participants. But, if they must stop the ICO, they may also have risks on the trust by the investors and the bounty programs. I also joined a bounty with postponed and it has been more than 5 months waiting, no movement.

Levyathan

jr. member

Activity: 434

Merit: 1

That's because of the people around here are not quite want to invest since the bitcoin is still bearish. That's why they are postponing the ICO.

Bitbtc8

full member

Activity: 1148

Merit: 116

If softcap is not meet postpone can take place its so normal but after bounty campaign? I'd stay away from such because its already a fail project

owlman

full member

Activity: 602

Merit: 100

In these market conditions, many projects postpone the date of the ICO, but I believe that everything depends on the project, on what strategy they use for their development, as the developers see the further situation. Therefore, do not blame anyone, because all project developers want to do everything in the best possible way.

Cemploon

member

Activity: 644

Merit: 10

CurioInvest [IEO Live]

I personally also in 2018 many projects was postponed. And there are projects that have not been updated until now and I think this project failed. However, like the Lyfe project, it is still in process and at the end of 2018, the project is complete. And the Bounty manager that I saw also did the best to date, and for all Lyfe Bounty participants, I think I should continue to monitor this project.

adam1230

legendary

Activity: 1218

Merit: 1001

I usually quit from posponed bounties.
They fails over the time. I worked for OEL and some more but all failed in time.
Bear market is not a good timing for bounty hunters we worked for free.

Baofeng

legendary

Activity: 2576

Merit: 1655

I'm not familiar with those ICO but it they are legit then I don't see why they need to postponed it. Investors are smart, if you have a working product then absolutely, someone will invest on it. Yes, there's a lot of projects who thrived in the bear market like WPP or Inifinitus which almost hit their hard cap already. I guess those ICO give up early and don't know how to properly market their product to the right investors.

ipsec

sr. member

Activity: 584

Merit: 250

This is a good option for working with ICO projects at this time. If the project has a finished product of course should continue to participate in this bounty program. And you will have a chance to get a good profit. Or lose time and the project will be scam.

Mommynigabby

member

Activity: 588

Merit: 10

Quote from: bittraffic on January 01, 2019, 10:00:16 AM

If the team did a bounty campaign already for weeks and postponed the ICO after they see the bear market hasn't yet ended, do you think they are best to wait for the market to get better or just continue the ICO?

If they already have a working product, why not jsut continue the ICO after all, they just need few funds.
By the way Lyfe Project collected overwhelming funds in this bear market.

Here are list of projects that did it;

blackbox
WeiDEX
BXBET

I think they also claimed they do have a working product.

probably waiting for the right timing so as not to compromise the success of their project.

eternalgloom

legendary

Activity: 1792

Merit: 1283

Are you really that surprised about this? They have absolutely no legal obligation towards you to pay out any of the bounties anyway.
You agreed to those terms when you signed up for the bounties in the first place.

Just out of curiosity, what's the most anyone has ever made, just by doing these sorts of bounties?

AristoteI

member

Activity: 574

Merit: 12

For different projects in this situation, different behavioral strategies may be appropriate. For projects that feel confident and have a work product, they can do not postpone the ICO and they can do it right now, while others - those who are not so confident in their abilities - it is better for them to transfer ICO to another time.

Ostonian

full member

Activity: 912

Merit: 100

In 2018, many projects put off fundraising because of a bad market. And because of this, the bounty campaign lasted more than 6 months. In any case, there is cause for concern, but I think that it is enough for the project to collect a soft cap so that the bounty hunters receive tokens.

elenka n

jr. member

Activity: 294

Merit: 1

I think if the project is interesting, then the team obviously will not bet on the ICO and wait until the market is better!

longyenthanh

sr. member

Activity: 1221

Merit: 250

Quote from: Indrawan77 on January 03, 2019, 02:58:03 AM

Postponing might be a better idea, the ICO launching need to be on the right timing, when a positive trend is happening on the market it will attract more investors, if you force the launching then the result might be not good, and when the start is not good then it could affect the growth and the reputation

For many investors (mainly those old school), changing such important decisions and dates may also mean poor preparation of the project and lack of professionalism of the dev team. If once they decided wrong about the start of sales, why the next attempt have to be successful? Most probably this decision can be wrong again.. right?

Deagle21

full member

Activity: 333

Merit: 100

Quote from: cewekimut on January 03, 2019, 03:34:55 AM

I am interested in following Lyfe and the project is very good and can quickly raise funds. However, giving the tokens to all Bounty participants was a problem due to very long delays. I think you also have to be patient and I think when it's time for coin shipping, the market price is already very high.

I really hope for this theory. because since August I took part in about 50 projects and tokens came only from 5. the rest of them constantly postponing the deadlines

daniel002

copper member

Activity: 382

Merit: 0

Maybe they are afraid that they can't reach their hard cap if they continue their ICO and not accumulate some funds on this bear market. I would rather postpone the ICO than being called as scam project because of not hitting the soft cap or the hard cap because most coins that have no value after the ICO and goes to an exchange are those who haven't reach the soft cap or hard cap.

Saisher

full member

Activity: 2324

Merit: 175

Quote from: bittraffic on January 01, 2019, 10:00:16 AM

If the team did a bounty campaign already for weeks and postponed the ICO after they see the bear market hasn't yet ended, do you think they are best to wait for the market to get better or just continue the ICO?

If they already have a working product, why not jsut continue the ICO after all, they just need few funds.
By the way Lyfe Project collected overwhelming funds in this bear market.

Here are list of projects that did it;

blackbox
WeiDEX
BXBET

I think they also claimed they do have a working product.

Weidex has a successful ICO and they are waiting for a favorable market, and they are not yet launching their IEO Initial Exchange Offering so it will take some time before bounty hunters get their token truly WEIDEX is working slow but sure on how to make their platform very popular.

cewekimut

sr. member

Activity: 798

Merit: 250

I am interested in following Lyfe and the project is very good and can quickly raise funds. However, giving the tokens to all Bounty participants was a problem due to very long delays. I think you also have to be patient and I think when it's time for coin shipping, the market price is already very high.

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