Pages:
Author

Topic: We should stop promoting ICOs who ask huge money for their soft/hardcap! - page 2. (Read 15834 times)

full member
Activity: 672
Merit: 100
I know that their money is public on the main page of the website. But they do not get big money, while Ethereum has a price of $ 100 but these strange ICOs projects fix the price of $ 400, so the actual amount they receive is not large. I think we should hope that ETH will reach $ 400 soon to help investors get a profit.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
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?

It depends on the project it self.
We cannot say high cap means they're just aiming for market price.
We should remembered ETN who set high cap and sold more than the cap itself, and it's still running good till right now
Everything cannot be similar to ETN. From my view every ico gets a major investment from private sale, and apart from that ICO sale is added. This way most of the success ico first itself will get its soft cap filled by the private investors. Promoting of ico's were done for payment and none does it free. Till date there are lot of ico's that haven't distributed tokens for the users support in promoting.
sr. member
Activity: 938
Merit: 256
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?

It depends on the project it self.
We cannot say high cap means they're just aiming for market price.
We should remembered ETN who set high cap and sold more than the cap itself, and it's still running good till right now
jr. member
Activity: 140
Merit: 1
Look at the softcap and hardcap and depends on the capability of the project.If the project is good enough and has the potential it can ask a huge softcap and hardcap but if the project is not good enough to ask that huge softcap and hardcap dont promote it because it cant able to reach softcap and it will end as failed project.
legendary
Activity: 1904
Merit: 1277
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?

I agree that hardcap and softcap are definitely useful indicators when assessing an ICO. Quite often they do look unrealistic, and more about grabbing money rather than building funds for a project. Having said that, sometimes high caps are legitimate if a team has very ambitious aims and a clear roadmap of how these will be delivered. It varies by project, but extravagant hardcaps can certainly be a warning sign.
full member
Activity: 925
Merit: 100
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.
sr. member
Activity: 1414
Merit: 252
Keep it Simple guys :)
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?

its depends on what kind of project my friend,,
so, before investing or promoting an ICO project we should do our research deeply,, in all things
especially with their team member, trusted or not,, if the team member look professional, smart and trusted ,, why not ? read the whitepaper carefully, etc
thats my opinion.
regards
member
Activity: 1764
Merit: 10
I completely agree with you, many companies overestimate their softcaps and hardcaps in dozens or even more times and very often I meet various companies that want to collect 100 million softcaps in such a dead market, so I don’t even contact with such companies.
sr. member
Activity: 560
Merit: 250
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?

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
sr. member
Activity: 1176
Merit: 301
Yes I think we should really stop promoting them since it is so hard to reach their soft/hardcap .
I think ICO investors have stop investing in some new project so their soft/hardcap would be really hard to reach.
And if they didn't reach it their project would just fail and your effort would just be useless and you wouldn't be paid.
jr. member
Activity: 280
Merit: 2
I guess you are right before most of the definitely dont live up to expectations i saw a bounty recently whose softcap is $20 million and hardcap is $150 million like when I first saw it i was just laughing and the ico is almost over and they have not even reached soft cap and the airdrop token is worth $111, could that project ever be successful
jr. member
Activity: 378
Merit: 2
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?

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.

I think the amount being quoted by these projects are as a result of the high cost of leaving in their country, like in my country, 2 million dollars is far more than enough to create a project that will benefit the whole investors no matter how many they are. Where these projects are establish also contribute to reason why they get too much of exhorbitant quotations.
hero member
Activity: 1064
Merit: 500
Just few projects that I know of, such as Pundix, who were able to raise huge money, by reaching their hardcap and are still able to deliver to their community, most especially the investors. This is more reason h should be very much concerned about the team of any project we intend investing in or plan to promote.
Actually, many ICOs have succeeded in reaching hardcaps, such as CTA, Yamzu and Karatcoin but they have not announced that their projects are still running according to the roadmap.

I beg your pardon, but have their investors got at least their first awards? What I see now is the situation when ICO are supposed to be successful projects "on paper" (on the web), but it does not bring profits to people who participate in them.
jr. member
Activity: 224
Merit: 1
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?
I agree with this, so many ICO with high softcap or hardcap after listing they dont care anymore about the project, sometimes the team dont care anymore about the project roadmap. And i think 10-20 Million, they only set it to make profit, not for project. I think 5Million for hardcap, this is enough. Lets care about investor
That's right when not yet reached sotfcap. then the administrators are very enthusiastic and work on the right route. But when it comes to sotfcap then the team will not manage the community and development that the team has given, much ico then the team disappeared after reaching sotfcat.
sr. member
Activity: 2030
Merit: 269
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?

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.
full member
Activity: 616
Merit: 103
A Blockchain Mobile Operator With Token Rewards
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?
That amount that you had stated is too much for a softcap of an ICO, that amount is already a hardcap for some ICOs but in them they set it just a softcap. It is better to promote those ICOs with a low amount of softcap because usually, these ICOs are being successful once they are listed on crypto exchange/s. It doesn't matter if an ICO has a low softcap, what matter is on how the development team will use the funds raised to make their project better.
legendary
Activity: 2240
Merit: 1069
Some projects are really costly to develop that is why they are asking a large of money.

I think you are looking at it the wrong way. We should not base it on the amount of the soft cap. It should be base if the project can be a reality, if it has good probability to succeed. And also you should see if it is not a scam. Most projects do not succeed because of the developers lack or it was a scam at the first place. I think those are the basis you should spot not to promote an ICO. Amount generated is not one of it.
sr. member
Activity: 1190
Merit: 253
At first glance of your post, we may agree with you but what is the difference of other ICOs with lower softcap and hardcap if they really want to scam people? I don't think that should be the basis of identifying the culprits. There are projects that are reliable and in reality, they really need good funding which makes their softcap and hardcap higher.
member
Activity: 406
Merit: 10
Some projects needs more funds for development and some other needs less. It is impossible to categorize
ICOs on this way by soft/hard cap.
member
Activity: 854
Merit: 10
I think it s high time we started neglecting such ICOs. Every project team should be responsible for the major part of the fund needed to develop their product. If they do not have the fund, there is no need for them to lunch their project, but wait until they have at least 50% of the fund from them and the remaining from investors that may be interested.
Pages:
Jump to: