"Unfortunately, we did not reach our SoftCap" - page 4.

LeaderAMB

member

Activity: 259

Merit: 10

Quote from: EuronPower on May 07, 2018, 03:58:42 PM

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 means, you will not get anything because that ICO was failed. Any ICOs have to reach at least SoftCap then bounty hunter will get bonus token.
I advise you should research project of bounty campaign that you want to join, this will help you avoid bad or scam bounty campaign which will do waste your time. You should approach bounty campaign like investors because of you don't invest your money to bounty but you are investing your time to them. Time is money.

moneyangel

member

Activity: 336

Merit: 10

W12 – Blockchain protocol

Quote from: EuronPower on May 07, 2018, 03:58:42 PM

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?

Giving information that they did not reached the softcap is a sign that it's a legit ICO. Yeah, that's the hardest thing to see doing bounties with failure to reach the softcap as our hard work will be paid nothing. That's normal you should accept and find another bounty.

EuronPower

jr. member

Activity: 112

Merit: 1

Good feedback colleagues. It's a hard reality, it's my first campaign and my welcome to the world of bounty camps. Without a doubt, the experience worth more than the effort, that's why I don't worry so much. That is the importance of choosing campaigns well and doing a real job, many bounty hunters enter 100 campaigns at the same time and do not stimulate the sense of attraction for investors to support the project. You have to try harder and do it smartly

Aniwura

jr. member

Activity: 378

Merit: 1

Do not dwell much on this. You need to move on. There are still many more good and legit bounties to participate in. Although, it might be painful, you just need to move on, because there are better offers. Virtually everyone in this forum has experienced something similar. There were many projects that did not succeed or could not continue just because they could not reach the soft cap. I know so many of them.

Zach707

newbie

Activity: 210

Merit: 0

Quote from: EuronPower on May 07, 2018, 03:58:42 PM

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 scenario where the ICO have not reached their desired soft cap is not within our control. If they decide to halt the campaign then bounty would also stop and we as bounty hunters should respect that. The team is working hard and yet no one invested so there is nothing they can do about it.

Jonsnowstark

full member

Activity: 364

Merit: 101

Yes i have encountered this, i think once or twice already. Each ico has a target soft cap. It is stated in their whitepaper. If the project does not reach the soft cap on their target date, they will terminate the project. It means not many people see their project as interesting or beneficial or its just that their marketing skills did not work. For a project to reach desired cap, this two must come together. Bounty hunters who happen to work hard for the project will end up not given what is due them. I can't say there is a trend for managers who do this. Its not that, its just the viability of the project matters before you join the campaign.

VikAn80

newbie

Activity: 46

Merit: 0

Quote from: EuronPower on May 07, 2018, 03:58:42 PM

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?

There's no way to defend themselves. The thing is that the ICO resource is inexhaustible. The main thing is the idea. But investors resources have been exhausted. Therefore, many ICOS cannot dial their softcap and close.

VitKoyn

full member

Activity: 490

Merit: 106

Well this is a common scenario for ICOs nowadays, if their project doesn't attract investors due to a lack of good advertisement strategy or the project itself is not really that good then there's a higher chance that the project will not reach the soft cap and it will fail. The problem is for those who spend their promoting this projects through their social media, it will end up just a waste of time because you will not get paid in any amount, this is why even you are just participating on campaigns, you still need to research about the project that you want to promote. What's worst is there are also some times that it is being used by startup companies as an excuse to execute an exit scam, and those who invested will never get their money back.

Sandra999

newbie

Activity: 182

Merit: 0

This is one of the risks bounty hunters face. Unfortunately, they didn't reach their soft cap which made the project unsuccessful. You need to move on to find other projects to participate in and make your time count.

Do not dwell on the issue

Xelpherpolis

sr. member

Activity: 476

Merit: 250

Quote from: EuronPower on May 07, 2018, 03:58:42 PM

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 situation could happen to any Manager. Even companies with a high rating may not collect Soft Cap in the end.

sunX3

newbie

Activity: 182

Merit: 0

Quote from: caisa88 on May 08, 2018, 06:00:14 AM

From what i have read, they will continue to develop their app, and they will still launch the Ico. Anyway, you need to wait for Bountyhive to make an announcement regarding this on their telegram channel.

Unfortunate news but at least they'll continue developing which is good. I hope the app will work out at least

caisa88

full member

Activity: 406

Merit: 100

From what i have read, they will continue to develop their app, and they will still launch the Ico. Anyway, you need to wait for Bountyhive to make an announcement regarding this on their telegram channel.

y3v63n

jr. member

Activity: 252

Merit: 3

Quote from: EuronPower on May 07, 2018, 03:58:42 PM

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?

So sorry for you. But this is the reality of bounties. If the soft cap is not reached, you're not going to get paid. To avoid such situation, you have to research projects you do bounties for and select only those that have the potential to reach hard cap.

BeruchN

jr. member

Activity: 182

Merit: 1

So what happens now? What happens to the amount invested?

Mi5h0

sr. member

Activity: 560

Merit: 273

Quote from: EuronPower on May 07, 2018, 03:58:42 PM

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

There are always some risks, as not every ICO collects even the minimum amount needed (soft cap) and in this case you don’t get anything. It's a risk you have to accept as a bounty hunter. You should approach the project from the investor’s point of view, since even if you don’t invest your money, you still invest your free time and your effort.
But, as others have already pointed out, you should wait until the end of the main token-sale phase. There is always a chance for the ICO to raise enough funds before the end of the campaign.

crampus

member

Activity: 252

Merit: 10

I had such situations, but to collect only 150 etherium - this is generally where did you find such projects?

OluwaTosin10

jr. member

Activity: 546

Merit: 4

Quote from: EuronPower on May 07, 2018, 03:58:42 PM

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 it will work out
They have good prospect and they are keeping in control their investors too
I followed bounty and it will work out in near month

ManaMan

member

Activity: 238

Merit: 38

You have guidelines and rules somewhere to read. Most of the time they state that they are going to distribute the bounty tokens if they successfully raise money etc. Maybe regarding your case situation is about private sale, not public. If you have more questions maybe the best would be to check with their support as they are the ones who manage the campaign.

bucsky

jr. member

Activity: 78

Merit: 1

einc.io

This is actually part of being bounty hunter. Sometimes though the project is legit but not succesful then bounty hunters will not receive the rewards ofcourse. But on the other hand the project team is good enough since they are willing to return the investor's investments and did not ran away.

vasilisc555

member

Activity: 490

Merit: 10

Say huge thanks to the developers that they have at least returned the invested funds and not deceived! It's very honest and dignified.

Topic: "Unfortunately, we did not reach our SoftCap" - page 4. (Read 551 times)