Topic: WARNING! this is very misleading - page 2. (Read 1076 times)
That's the problem nowadays, the crypto community is easily fool on this kind of information. They can even put hardcap if they want just to impress the community. This is not new actually, but a wise investor should have asked for contract or the address where the funds coming from the sales will be received and we can really see if they have funds displaying from that scale bar which isn't a good basis for investment signal.
a lot of people are fooled just by the status bar that doesn't work according to reality ... they just made an image just to attract investors to invest in their project ... but I never looked at the status bar if I wanted to invest ... I always see various aspects to find out the progress of the project ... so that I don't take part in a project that will scam ..
100% of projects give a status bar on the situation of calling for capital, they are certainly scam projects. I never believed in and participated in projects like that, which was ridiculous 
a lot of people are fooled just by the status bar that doesn't work according to reality ... they just made an image just to attract investors to invest in their project ... but I never looked at the status bar if I wanted to invest ... I always see various aspects to find out the progress of the project ... so that I don't take part in a project that will scam ..
Good point right there! I definitely agree with you OP most investors are depending on that and for us to ensure that there would be no issues at all, they must add the address on where funds were sent to for transparency in that way there would be suspicious in both parties.
This is the most misleading tool developers employ just to lure investor if you are a new investor you might fall into this, but everybody here knows that it can be manipulated, people should doubt if a project with a bad reputation and uses that kind of tool getting a high grade using that tool and you are a bad investor if you think that developers are very honest.
You should never take bar into consideration when investing your hard earned money. Contract is what you need and verify it for yourself before making any investment. There are shady ones but you can tell if you put enough time into researching what you're investing in. nothing is 100% guaranteed and nothing is 100% certain but you can sort out what is good and what is not worth checking out.
1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.
this is very easy to do because they have complete control of the bar, but an honest team will never do it. this is also the reason why today the IEO is considered better than ICO.
well,, a few project will show us the truth about how much money collected during the crowdsale
but, some project didn't do that, they will try to cheat their investors,,
remember : not all ICO project doing that mate
That is why everyone needs to do their own research before investing or working for a project as a bounty hunter. There are many projects, genuine or fake operating in the market. Some projects have ill intention and are on the lookout to scam people. I have also come across such indicator showing how much money a project has collected. Thanks for information.
This bar is showing every website when ICO is running. I checked some projects, after reached approximate hardcap then start initial exchange offer.
Maybe most of the projects now are aiming to get listed right away, and they find the iEO the best idea to realize their plan. The ICO stage is crucial, they need to raise a decent amount to fund the IEO listing, I'm not sure how much but I'm sure it's not cheap depending on the exchange reputation and size.
This bar, does not mean anything to me, because every project can simply fake this data. Even exchanges are manipulating this statics acting like another IEO was sold out and in the reality less then several thousands tokens were sold.
That bar to say everyone for buy those product again and it could have capability developer have strongs comunity do developing project seriously.No one know except team for real or fake data appear on website, Are the different auditor team need for auditing ICO/IEO project before launching?.
Everyone can make that bar with a little amount of ability to editing pictures.
If they can provide us the fund raising wallet address with the coin balance on it, then we can trust.
The fabricated amount of raised fund can misleading investors and bounty hunters to join their ICO project.
If they can provide us the fund raising wallet address with the coin balance on it, then we can trust.
The fabricated amount of raised fund can misleading investors and bounty hunters to join their ICO project.
If you have ever been scammed, you will not trust this bar to determine if a project will be successful or not. I was scmed one time and the project had told me they had reached soft cap meanwhile, they were still far below softcap.
Man, these marketing and promotion tips and tricks are being used everywhere - not only in crowdsales 
Open your eyes and take a look around
And people are being fed with all this marketing crap every day - and nobody cries about this. Just be smarter than the crowd and live your own life
We are much used to it, still we fall for these kind of marketing without analyzing anything much about the project or the backing team. Marketing tricks are the one that makes people have a view over their project. Even the smarter will go greedy which is nature of human mind and to that its just a reminder to be careful on the go. Open your eyes and take a look around And people are being fed with all this marketing crap every day - and nobody cries about this. Just be smarter than the crowd and live your own life
I do that before too. I actually use the bars to judge or join the projects. The funny aspect is that, these are just designs, smart contracts will be the best to judge that. You can just imagine icos that collected hard cap in 2018 are not running ieos in 2019- it is laughable, nany project that said they collected millions hardly collected few hundred dollars. Due diligence is key
Man, these marketing and promotion tips and tricks are being used everywhere - not only in crowdsales Open your eyes and take a look around
And people are being fed with all this marketing crap every day - and nobody cries about this. Just be smarter than the crowd and live your own life
Open your eyes and take a look around And people are being fed with all this marketing crap every day - and nobody cries about this. Just be smarter than the crowd and live your own life
Can we exactly research for the transaction and token in their wallet? About the smart contract address? because sometimes they may have the fake chart of that softcap reached. But, we need to do certain analysis on the wallet transaction and make confirmed to the chart. But it is also important enough not to only see this progress.
I have already made sure that I take this kind of questions very lightly. Apparently the quality of the result depends not only on whether to receive funds or send them, but also to control the entire transaction from beginning to end.
Can we exactly research for the transaction and token in their wallet? About the smart contract address? because sometimes they may have the fake chart of that softcap reached. But, we need to do certain analysis on the wallet transaction and make confirmed to the chart. But it is also important enough not to only see this progress.
what should be remembered by them keep in their mind about the contract sale and it's more than enough to check about the credibility of the bar or chart of the fundraising that already published by the developers.
but remember, sometimes there are some developers who actually manipulate their sales to look more successful. but after publication the development never looks maximal. such as inappropriate exchanges and products that are not in the market's interest.
Thanks for sharing this.
I have also observed that some projects do not update the correct status of the funds raised. This seems they manually edit it and so there are highly chances that information could be misleading.
At least due to introduction of IEOs, I think we are in better position to avoid such scenarios.
I have also observed that some projects do not update the correct status of the funds raised. This seems they manually edit it and so there are highly chances that information could be misleading.
At least due to introduction of IEOs, I think we are in better position to avoid such scenarios.
Jump to: