Topic: WARNING! this is very misleading - page 5. (Read 1076 times)
That's correct, in fact it has led many into investing in scam projects as well as projects with nothing to offer. Most of this type of projects uses that as a strategy to draw investors and most times exiting scam, not listing on exchange or listing and then dumping the price. Let's always take time to study each project as it will save us a whole lot.
IEO can prove to be more reliable when a good exchange that doesn't fake volume is been used to conduct the sales. There was a project from Australia that displayed this kind of data and all of a sudden, claim to have hit hard cap. Well the project would later scam and ran away with investors fund. Good IEO on a good exchange is less risky.
IEO is better sure. The key difference between IEO and ICO is that the organizer and intermediary between the project and investors is the cryptocurrency exchange or another platform (with IEO). So investors get a safe way of investing through a trusted party and guaranteed dates for placing a token on the exchange. The projects have the opportunity to attract a large number of investors.
There is no two ways about it, the chances of it misleading is upto 95% thus the need to be careful of such projects. To me the reason why most projects do this is to attract more people into investing while giving them the mindset that a particular amount has been raised while it's all fake. Know about the team, the discussion in the community and the type of questions asked, all these will help to know the truth.
Mate, your concluding part that you said rely more on research, is it not same information published by the ICO or project team that you will see or research on? The whole scam thing has no straight way to know it. Sometimes there can also be luck and faith manifestation on the research done.
I think you misunderstood what the OP meant when he said "rely more on research". The quoted text below is probably what he wanted to address what came to surprise me is some investors depends on this bar to decide whether they will invest or not
In any case, investors cannot immediately find out whether what is being projected in the website is true or not until the token sale is closed. I've witnessed one project before that lied about all those figures and the "reach softcap" is all for PR to attract gullible investors.
The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received.
I have never seen the address of a smart contract that could display the funds raised. The support motivated the refusal by the fact that funds are collected in various types of crypto¤cies, and everything will be compiled upon completion. In addition, given the success of many ICOs, it is unlikely that anyone will want to open data on current success in fundraising.Of course, we need to research a project. And although there is no trust the status bar, in some ICO video reviews auth refer to the success of the fundraising by this data
. Do we watch a video about a researched project on YouTube 
? 
You are right I must say. This has mislead many investors into participating with such project while in reality they are yet to raise the funds they are displaying. This is also the reason why you will see a project displaying that it raised a certain amount of funds yet finds it hard to give appropriate audit on the public sale. This is one of the reasons IEOs in most major exchanges are better, as there is no need for this .
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This bar can easily be manipulated by entering higher value anytime. I would never trust just because a project show their soft cap had been raised, rather I would evaluate their project potential.
Please fellas ,take a minute to look at the image below
Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
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.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
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.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
yes i agree with you. We should not rely on that kind of indicator bar because it can be faked by developers. We should do our due diligence by looking at the social media websites if there are really lots of people talking about it and keeping watch on it.
Please fellas ,take a minute to look at the image below
Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
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.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
I agree with what you say, indeed most investors choose to invest in the ICO project by looking at the softcap and hardcap on the ICO project and when they see that the project can reach the softcap even almost reaching the hardcap, they decide to invest in it without doing their research themselves about the ICO project and they believe that the ICO project will provide good results without researching it. So, in my opinion, don't rush to decide to invest, do your research about the ICO project before deciding to invest.Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
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.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received.
But even there’s an contract address sometimes the team itself provides the amount inside to pretend that there are true investors so others will trust and put their money as wellNot knowing that those are only Bait for them to enter and the investments will be on the scammers hand
Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.
Yeah that’s very misleading and can be consider as scamming.but we don’t have the decisions mostly greedy people is the victims of these criminals Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.
Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.
and maybe this is one from many causes, why investors now afraid to put their money on ICO project
then, investors choose an IEO on reliable exchange such as binance launcpad and bittrex
but, few ICO still good enough, and collected a good amount,, for example miracle tele and other
IEO can prove to be more reliable when a good exchange that doesn't fake volume is been used to conduct the sales. There was a project from Australia that displayed this kind of data and all of a sudden, claim to have hit hard cap. Well the project would later scam and ran away with investors fund. Good IEO on a good exchange is less risky.
Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
"Knowledge is power", this is true. The ICO sites now are doing everything just to take more investors, from the bars, different attractive marketing and other sort of program like buy back. But all of that, you still have to DYOR. I've failed many times with alts as well and this taught me a lot. Please fellas ,take a minute to look at the image below
Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
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.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
Only newbies who knew nothing about ICO scam will fall for this, marely looking at a bar on websites is not a part of how to detect if a project is good or not ,I hope newbies will learn every aspect of investing in projects before making a blindly moves Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.
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.
2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.
3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.
Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.
That style has been going on since the inception of ICO's since most of the project's who have done an ICO in the past tend to display progress bars in their websites on the funds being generated during the ICO but unfortunately, most often, they don't reflect real time data or even worse, its figures are fake meant only to attract and deceived investors. I hope people would not fall prey on this dirty tricks and be able to see the any irregularities promptly and share and warn the community accordingly.
The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received.
This makes sense buddy, and the buyer's address must be checked again, whether the address is really an investor or just an empty address that has been deliberately made to dispose of tokens to make their fake sales look smooth. a little extra to be even more sure maybe in my opinion if they use trusted escrow services to transact. 
That's a good thing to take note of before jumping into investing, we can identify fake projects if they exaggerated their status, I remember one projects that I want to look at seems to raise more money than the normal ICO projects do, It's actually an eye candy for some but can be used as a warning as well.
Lol thats really stupid if people just rely on these bars to know how much have been invested in the particular project. I do know that people have need to look how much a project has raised so far since I myself look for this information but I don't just rely on these bars. I look for the amount of money deposited in their wallets and then match it with the bars and once I know that they are not at par I know that they are faking the bars and hence I don't invest in those projects.
This is not just misleading.That's pure cheating.Fake bars and fake info about amount of money raised has been in the arsenal of shady ICOs since the very beginning of the ICO era.Anyway,who is still buying ICO tokens?Even if some ICO has fake info about raising millions of dollars,investors have to do their due diligence and check the info using different methods.
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