We should stop promoting ICOs who ask huge money for their soft/hardcap! - page 3.

DeathGrasp

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Quote from: Dasha88fed on April 14, 2019, 12:10:31 PM

I agree, projects that have installed Soft Cap for more than 10 million dollars today will probably not be able to collect this amount and will never start. But I noticed that the success of the project depends on the actions of the team and only slightly depends on the amount collected. Therefore, I try not to participate in projects whose team does not inspire confidence, and their professionalism and activity are at a too low level.

If Only you are a professional in this business, namely there is an experience to evaluate what are trying to create developers who try to do ICO, then you can estimate the necessary costs for this project.
For Example, the IBM department or other well-known company, if wants to do ICO easily sets and will collect softcap in the amount of 10 mil $.

Dasha88fed

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I agree, projects that have installed Soft Cap for more than 10 million dollars today will probably not be able to collect this amount and will never start. But I noticed that the success of the project depends on the actions of the team and only slightly depends on the amount collected. Therefore, I try not to participate in projects whose team does not inspire confidence, and their professionalism and activity are at a too low level.

thaliaand

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Softcap and hardcap can not be an indicator of a failed or success project with valuable price in the market. The amount of the soft/hard cap depends on what project the ICO is going to do and we can evaluate the value is reasonable or not. But it is can be an initial sign for us to learn more and do our dilligence to research the project.

hahahafr

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Well you are right mate, i know most of the ICOs you have mentioned and i can also testify to the fact that those who actually raised huge amount of money are not doing anything better on the market. And yeah Counting House is really doing great.

Yemolou

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I think every ICO is free to decide how much money they need to move their development forward. It does not mean that every ICO with a big soft cap is a scam, maybe they really need this sum of money. A much more important aspect is the working product or an MVP.

valek.bruno

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Yes, in general, today it looks very terrible, because there are real opportunities to complete the fundraising processes for such a large investment. I hope that sooner or later the whole thing will end. But I think that it will not be so fast. We need to create a platform for this.

royalfestus

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A good idea about startups is to know how to start with minimum amount. ICOs may not be able to raise the size of money by projects mentioned in the OP again,now or maybe in future, they were able to exploit investors confidence in the space then. More also the difference in the softcap and hardcap should not be too large, it calls for concern. Some projects, most especially in energy sector may demand high amount of money, I think private sale and government should be committed for a certain percentage of funding

Anonylz

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Different project requires different financial weight to execute and successfully implemented, the hardcap of project "A" is not the same hardcap of project "B" because of different factors involve,
however, it is still very necessary for project owners not to deliberately inflate the required finance required to complete the project, because nowadays, many project just comes up unrealistic hardcap which at the end will not be utilized appropriately. So i think it's good idea to check such project that intentionally inflate their soft/hardcap just because they can.

MBMauL

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Quote from: dark08 on April 14, 2019, 12:13:15 AM

100% right people will never stop promoting scam project for a token that have no value or real exchange in the market, people are too greedy to earn money hahaha even they dont know whats the real project objective or goal in the market.

they and we might just think of getting more assets from promoting new projects. it's true we don't know whether it will be traded or not. what is clear is that we only try our best and strive to choose the best.

dark08

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Quote from: Thanasis on April 14, 2019, 12:06:55 AM

Quote from: Tduty on March 21, 2019, 04:34:09 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?

People will not stop promoting even the scam exchanges when they are getting paid with useless tokens which is also scamming the participants but still bounty hunters were doing that even after many failures.But if they can stop promoting these projects which can really help the investors to find the real projects.

100% right people will never stop promoting scam project for a token that have no value or real exchange in the market, people are too greedy to earn money hahaha even they dont know whats the real project objective or goal in the market.

Thanasis

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Quote from: Tduty on March 21, 2019, 04:34:09 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?

People will not stop promoting even the scam exchanges when they are getting paid with useless tokens which is also scamming the participants but still bounty hunters were doing that even after many failures.But if they can stop promoting these projects which can really help the investors to find the real projects.

maculeth

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BountyMarketCap

that's a good idea, because after being listed on the exchange, the token will disappear and the project will be far behind because there are no more developments. they only focus on pre-sale, soft-stamp and also token sales after being listed on the stock exchange. but I don't know who was harmed for this problem because the bounty hunter also dumped when the token was listed on the stock.

abstractednerve

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Quote from: mamesso on March 31, 2019, 06:48:38 PM

Quote from: Bonwin on March 30, 2019, 06:12:11 PM

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 lost all hopes from CTA, the team is very unprofessional, it's like they are playing with the investor's money! After a long time gap, CEO Henry appeared and announced the BTC - Alpha exchange, but then he disappeared again and no exchange listing happens yet! Karatcoin seems strong project and I felt bad when I missed that. But by hearing you, I feel okay that at least I saved from falling in another project like CTA!

mamesso

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Quote from: Bonwin on March 30, 2019, 06:12:11 PM

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.

Tduty

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Quote from: Bonwin on March 30, 2019, 06:12:11 PM

Just a 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.

Pundix hardcap wasnt that much! 35 Million USD was the pundix hardcap! Actually, money isn't the fact, rather the project is! Pundix is now a very popular crypto asset and it's ranking is very good in CMC! It's because pundix worked well and they never left the community alone like HDAC or cryptosolartech!

Tduty

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Quote from: mrdeposit on March 24, 2019, 09:15:21 PM

Quote from: e@symode on March 24, 2019, 01:19:02 PM

Very good solution. The most interesting thing is that people write for some reason different goals. Why do they do it, if a soft cap is achieved, then why do we need to collect more? I never understood that.

Greed is everywhere. There have been many projects extending the sale by thinking that there will be better prices recently, but the main reason is greed. But, the fall in November facilitated the situation.lol

You are right, mate. Ico projects have nothing now but a greedy team! Last year, I have seen many ico projects extended their sale to raise more money! But people lost interest and moved on! For a good example, I can mention URUNIT and Ingotcoin Ico names! They are dead projects now, because the community, partners left them because of their shady, greedy behaviour!

Bonwin

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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.

etherclassic

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Quote from: sadmaster on March 25, 2019, 11:32:17 AM

I think big projects needs big funds for them to be able to create the product or to follow their development road maps. Since, ICOs are a crowdfunding behind the ICO itself is a company and there is a lot of people there not just the team represented in the website but also the members that will help them to achieve their road maps and continuous development of the coin.

I agree with you it depends on the projects are building follow the progress of development ICO is better than we blame the ICO projects which needs big money, we can not stop them, ICO is part of addoption on cryptocurrencies space related with the projects which use technology behind the blockchain.

nikola22

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ICOs who want too big money usually don't collect anything. so it's a good reason to keep away from them and choose another projects.

kuverty

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Now the situation is different. Projects which raised 10-15 million last year now are trying to raise 1-2 millions yet with IEO. I do not support this but but around it a lot of hype.

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