Large or small amounts also depend on the attraction and potential of the project. I do not think that promoting for big soft-cap projects is wrong. If they ask for a level that is too high for their capacity, they will fail
I agree about this one. We cannot judge a project by the amount it really needed. You have a point but it is not totally accurate that if a project wanted a big amount then they are scammers. Big projects especially those who needs development of the system really needs a huge amount. 
Topic: We should stop promoting ICOs who ask huge money for their soft/hardcap! (Read 15872 times)
April 22, 2019, 11:19:26 PM
April 22, 2019, 10:32:06 PM
Hello Everyone,
Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!
So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?
Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!
So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?
Yes, ICO with abnormally huge amount of hardcap should not be promoted. What will they do with the money ?
Countinghouse ICO is the proof that the bigger ICO project raised the fund, doesn't mean the project will success.
April 22, 2019, 12:19:50 PM
The ICO is the urge to call for free capital, if you don't want your head, you can ignore it. ICO is venture capital, so if you take risks, you can invest in the ICO model. The higher the risk, the greater the profitability so I hope that you will get another comment about ICO. 2019 will be a successful year for the IEO, but ICO will not give way.
April 22, 2019, 11:37:45 AM
Very good point raised by the OP. It is obvious, and all we need to do is to take a look at the ANN section. There are several projects, which aim to raise $100 million or above through ICOs. And all of these projects are being managed by relatively unknown people. Only a few have some famous personality as the brand ambassador.
I don't know whether anyone here remember about the Ethereum ICO. The hard cap was just above $18 million. More than 60 million tokens were sold for 31,000 BTC (at that time the exchange rate was somewhere around $600 per coin). And compare this to the niche projects which want to rise 10 times this amount. What's more surprising is that there are people ready to make investments, even at such inflated prices.
I don't know whether anyone here remember about the Ethereum ICO. The hard cap was just above $18 million. More than 60 million tokens were sold for 31,000 BTC (at that time the exchange rate was somewhere around $600 per coin). And compare this to the niche projects which want to rise 10 times this amount. What's more surprising is that there are people ready to make investments, even at such inflated prices.
April 22, 2019, 11:35:11 AM
You cannot really stop them for asking absurd amounts for their soft/hardcap. It's all about the reception of the investing public. Back in the hype of 2017, they can get away with it because of the "irrational exurberance" of many. Now? They can't even raise 1/5 of their softcap. You can only choose to not participate.
April 22, 2019, 11:29:23 AM
I believe that if the project plans to raise more than $ 1 million, it should have a clear plan where this money will go. In other cases, collecting large sums of projects simply can not compete in the cryptocurrency market with other Altcoins. With rare exceptions, 1 out of 10 project is successful.
April 22, 2019, 11:23:33 AM
Of course, I would like to do this, but today I don’t understand why it’s just that it turns out that today many projects are really deceiving their investors. I am sure that in most cases people really want to successfully implement their ideas.
April 22, 2019, 11:19:34 AM
I agree with this. You raised a perfect question to all of those big projects! Though We can't stop them to come but we can stop them from growing big! So, let's make a good project hit and let's avoid all of those greedy people from the crypto industry! Recently I have an open eye on Windhan ICO, let's see what happen!
Sometimes project needs more funds for complete development of their coins on the other side scammers will be happy with whatever they made from ICO because they are going to run with all those money so deciding based on cap values might go wrong most of the times. April 22, 2019, 11:05:05 AM
Hello Everyone,
Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!
So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?
you have a point I have watched many of this project that have raised so much money and they have nothing to show compare to what most smaller project have achieved. I dont know about stopping to promote them but I think something should be done about it Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!
So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?
April 22, 2019, 10:56:05 AM
I agree with this. You raised a perfect question to all of those big projects! Though We can't stop them to come but we can stop them from growing big! So, let's make a good project hit and let's avoid all of those greedy people from the crypto industry! Recently I have an open eye on Windhan ICO, let's see what happen!
April 17, 2019, 02:42:18 PM
It’s true in last year there was lots of projects I witnessed I take two example one is hero (pawn hero) raised more than 50 million dollars no progress low trading volume that too in only one exchange . Other side hero ( play coin ) which raises 1 million and trading in good exchanges including kucoin . Already given profit to investors . Now we can decide we should boycott the ico which is setting high soft cap and hard cap.
April 17, 2019, 12:26:44 PM
I agree that such projects, who collected such big money need to support their tokens and developing them, but they often do nothing...
April 17, 2019, 11:52:15 AM
I agree the 10 to 20 million dollars is enough to build their platform from scratch, but with the current situation any ICO are having a hard time raising even 1 million, even good projects like LBX and OVO are paused because they are having a hard time raising the funds.
What platform are they even building? If it is a project that requires a standing product, they only need to get their building erected, manufacture the products and market it to the world provided whatever they choose to market to the world is a product really needed and be high in demand.These developers are not just serious, that is why they get not to been able to do anything with the little they have raised. A serious project should be able to do something tangible with their softcap, and the too much quote they do ask is why scammers picked interest in ICO which has eventually destroyed its value.
April 16, 2019, 04:55:24 PM
I think the community has already realized that USD 10 million is just too much money! Do not invest in such projects, guys! Be careful!
April 16, 2019, 04:50:52 PM
We can control people. Whether they want to promote ICOs or not, it depends on their decisions. At some point I may agree. You've said it was just a dump and pump token and can be run with a huge fund. Hence, we can easily point out our fingers to ICO projects but now with the team who are running and creating it.
April 16, 2019, 04:46:10 PM
I think this make sense to some extent. I find it very difficult to believe that most times, ICOs that go wrong are the one with huge softcap/hardcap. They promised much but they deliver little and that little will only be possible if they don't later exit scam.
April 16, 2019, 04:17:13 PM
Maybe yes or maybe no, depends on what people want to do, if people want to promote then is their choice and we can't do nothing. But is bad for investors who lose money on ICO's.
April 16, 2019, 12:05:38 PM
Hello Everyone,
Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!
So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?
Maybe those one that you have invested turned out to be like that but we have see many projects in the past with large soft and hardcap and performed very well in the market. I think we should focus on the scam people with big and technical ideas but the aim is to rub us our hard earned money that was invested into the projects. For now I have decided to only invest in those projects that has existing products and services. Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!
So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?
April 16, 2019, 11:53:53 AM
You stated your points perfectly, but one thing you should know it's not about the soft cap or hard cap rather it depends on the project as well as the team. That is, the project requiring such funds how feasible is it? and is the team capable of delivering?. This is what matters thus investing.
It's all about how the team can do handle and materialized requiring much higher funds to be collected is really needs a good project to developand progress to achieved, funds is very important for each serious developers team to make sure that they will be able to make things right and
profitable for their investors and supporters.
April 16, 2019, 10:55:19 AM
The fact is that projects do no longer receive huge amount of money as invested fund and thereby making it difficult for hardcaps to be achieved. People are very wary of ICO's and hence most ICO's that set their sales target so high will hardly achieve it no matter how good the project is until there is a level of confidence returned in the market
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