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Topic: "Unfortunately, we did not reach our SoftCap" - page 3. (Read 551 times)

legendary
Activity: 2674
Merit: 1226
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Must be a coincidence or something, I'm just now reading also that two projects (both same founders though) are cancelling/reducing all their tokens because they couldn't reach their caps too. I know this isn't the first time that ICOs fail to reach targets, but these were projects that supposedly already received a lot of private funding and just need to expand. Now they're cancelling everything, it seems like they could have lied about having enough to build a MVP.

P.S. Don't blame the bounty managers here!
full member
Activity: 546
Merit: 101
It is because of the fact that the ICO is often a benches or can not collect the soft cap I do not invest in ICO. It's a pity that many people lose money on this.
jr. member
Activity: 318
Merit: 1
The fact that the campaign was not able to assemble soft cap is bad. But this happens quite often. Especially in our difficult times, when the market is very unstable. In the future, such a situation is also possible. There is nothing you can do now, you have to put up with it. You can never tell in advance which campaign will be successful.
jr. member
Activity: 364
Merit: 1
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usually you will not get paid if bounty does not reach softcap, it is the risk of a bounty hunter, better looking for another bounty,
I have followed bounty like that, it's a bit painful to see our efforts get no reward, that's why I joined more than one bounty for social media campaign
full member
Activity: 490
Merit: 100
not pleasant news for bounty hunters, it is very unfortunate that the work done by us will not be paid, we will not stop, we need to continue to search for quality projects for participation.
member
Activity: 182
Merit: 18
I actually translated their documents in Korean for them so it’s sad to see that they did not meet their softcap. I guess that also means that I am not going to get my bounty for my work. It’s not the first time not getting paid for doing bounty work though. In fact, redvolution and many other projects still hasn’t paid me for translation. That’s why I prefer projects that pay out upfront. At least I get something to keep even if it fails.
hero member
Activity: 1134
Merit: 502
Bountyhive has some of the worst projects listed on their platform. I guess they are new and that's why they accept any listing offers, the majority of their issued tokens costs practically nothing now, except for Dropil. Joining any campaigns right from the start is a risk because you know nothing about how the sales will go. Wait more, reward is going to be lower but you wont have to do the work for free.
newbie
Activity: 32
Merit: 0
At least they had the decency to return the money to investors. More than often Devs run away with the money. This is a good sign.
newbie
Activity: 112
Merit: 0
The inability of a project to reach the softcap they set doesn't necessarily mean that the project is not a good one. It could be due to insufficient marketing of the token sale event. Blockchain projects need a solid marketing campaign as much as they need a solid tech.
hero member
Activity: 743
Merit: 500
Hello everyone, I'm following the bounty campaign of DigitizeCoin through www.bountyhive.io, this campaign is about to end and when I go to do my work I find this message on the official Twitter account:

"Dear Digitizers, We are happy to see so much support for our project.
Unfortunately, we had only raised 150ETH and did not reach our SoftCap.
All contributors will be refunded. We will be sending out details on how to refund your contributions shortly.
Regards, Team Digitize."

I think many have gone through this situation, this happens recurrently with the bounties campaigns? With which managers? What advice can you provide?
this is only means bounty hunters will not also get paid, better things you  do is find other campaign . You are lucky if they will send any payment for bounty hunters but im affraid it will happen.
member
Activity: 322
Merit: 40
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I have seen good reviews about DigitizeCoin and it surprise me that it did not reach the softcap. I could not find what the exact amount is who is raised and what the softcap is. Is there a big gab between it?
member
Activity: 294
Merit: 10
Well this is something that happens occasionally when an ICO does not reach the softcap they can cancel the ICO, the good ICO they will refund the investor. ICO Scam will hug and disappear. Tips for you: Find ICOs that are of high interest to you, and the amount of funds you have to raise will not be too high. You will be limited to these situations.
jr. member
Activity: 252
Merit: 4
This is a risk and many ICO that I followed and did bounty campaign did not end successfully.... I'm partecipating too in Digitize twitter campaign I hope ICO will go better....
member
Activity: 546
Merit: 10
This is an unfortunate event. I would advise you to check the success rate of bounties handled by such manager. Compare their past history and see how well their managed projects compete and if your analysis isn't good enough, try changing bounty campaign to more reputable mangers. I have taken note of bounty mangers whom their bounties managed always have one challenge or the other at the end so I avoid them.
member
Activity: 372
Merit: 10
Hello everyone, I'm following the bounty campaign of DigitizeCoin through www.bountyhive.io, this campaign is about to end and when I go to do my work I find this message on the official Twitter account:

"Dear Digitizers, We are happy to see so much support for our project.
Unfortunately, we had only raised 150ETH and did not reach our SoftCap.
All contributors will be refunded. We will be sending out details on how to refund your contributions shortly.
Regards, Team Digitize."

I think many have gone through this situation, this happens recurrently with the bounties campaigns? With which managers? What advice can you provide?
I think its normal to some ICO that they not reach their goal the important is they refund the money of their investor and they do their best next time so their project will be successful.
member
Activity: 406
Merit: 11
Hello everyone, I'm following the bounty campaign of DigitizeCoin through www.bountyhive.io, this campaign is about to end and when I go to do my work I find this message on the official Twitter account:

"Dear Digitizers, We are happy to see so much support for our project.
Unfortunately, we had only raised 150ETH and did not reach our SoftCap.
All contributors will be refunded. We will be sending out details on how to refund your contributions shortly.
Regards, Team Digitize."

I think many have gone through this situation, this happens recurrently with the bounties campaigns? With which managers? What advice can you provide?


You know when ICO didn't reach a targets, its hard to deploy their projects. Everything needs money, when ICO want to listing in exchanger.
Its a risks of business, when you don't have a plan for your business then you will be fail.
sr. member
Activity: 1498
Merit: 271
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Hello everyone, I'm following the bounty campaign of DigitizeCoin through www.bountyhive.io, this campaign is about to end and when I go to do my work I find this message on the official Twitter account:

"Dear Digitizers, We are happy to see so much support for our project.
Unfortunately, we had only raised 150ETH and did not reach our SoftCap.
All contributors will be refunded. We will be sending out details on how to refund your contributions shortly.
Regards, Team Digitize."

I think many have gone through this situation, this happens recurrently with the bounties campaigns? With which managers? What advice can you provide?
I also received this information to the official telegram group of bountyhive.io. I was too sad for this kind of scenario since digitizers is a promising ICO. But because they failed to reach the soft cap, all of their effort and time are loss. I think they should extend their ICO so that, many people can invest with their project. Hopefully, time will come, this project will relaunch again.
full member
Activity: 395
Merit: 129
It's not a matter of bounty managers, it's a matter of projects, Some projects are simply not well received by inverstors, even if they are very good. Gilgamesh has been one of them, recently, it didn't reach the softcap.
That's one of the risks of bounty hunting my friend Smiley
member
Activity: 406
Merit: 11
Until the end of time
such is life, they did not have or receive enough support for the project so they could not raise their hard cap, I guess their project doesn't make much sense or that they did not do enough marketing or have heavy private investors. All the same, when next you want to choose a project, do proper research so that you won't be working hard for nothing.
full member
Activity: 686
Merit: 131
Bounty hunting is like working on a presidential campaign.

It takes up a lot of your time and in the end you might not even win.
But if you do, your work will really pay off.

In the case of an ico not making it's softcap, there is literally nothing you can do.
The company couldn't start and it never had the chance to exist.

If the situation were different, like they made their softcap but didn't make a lot more and were struggling to pay bounty hunters, you might be able to leverage things.
I've been in some bounty campaigns where they were slow to pay but suddenly decided to go faster when the community started threatening to spread fud.

Going forward, bounty hive is still one of the best places to find a bounty program.
But instead, only do campaigns for icos that you would personally invest in.
By doing the bounty campaign and investing you significantly reduce the per cost ratio of each token.

So you should be looking for new campaigns that have an active presence in their social media.
A streamlined bounty and ico (month to month and half max).
A workable product or at least an MVP.
And a real use case.
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