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Topic: We should stop promoting ICOs who ask huge money for their soft/hardcap! - page 4. (Read 15834 times)

full member
Activity: 602
Merit: 105
It is really a shame how greedy icos are. I mean, mostly asking millions dollar for a basic website.

For instance, EOS raised 4 billion dollars!!! Was it really necessary? Unfortunately people are losing their thinking in hype times.
hero member
Activity: 1148
Merit: 527
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?
Why would be? I think it depends on the project, if they have a working product, then definitely they should have a huge softcap to consider. Their project will not going to improve if they have very few budget, and depends on the quality of the project if we will going to support them.
That is understandable for projects with products but what about the ones without product and still demanding for a very high amount in hardcap.

Projects with products really require lots of money to really perform to the fullest and they also need to be given time to achieve this, once we have chosen to trust them and give them our money, one thing we need to do as an investor is also to give them a breathing space for them to be able to develop their project.

I realized that majority of investors starts getting agitated from DAY 1 that they finish ICO, which should not be, this may be the reason why many of them jump into an exchange when they are not supposed to do so to satisfy the investors and die down their agitation.
member
Activity: 392
Merit: 15
Bitwings !
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.   
sr. member
Activity: 910
Merit: 250
Proof-of-Stake Blockchain Network
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?
This is impossible, because most people do not care what project to promote, they are only interested in the amount of money that they will be paid.
legendary
Activity: 3346
Merit: 1214
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, they want to make a huge profit right away,when the truth is they only just need a quarter of their soft cap, why you need 30 million when you can hire freelance developers at a small cost to develop your platform and you don't need to pay for marketing because you are using your own token to pay bounty hunters.
jr. member
Activity: 1050
Merit: 1
I understand well your opinion and it is part of what some participants look for before promoting ICOs. But decision making should not be based solely on softcap or hardcap as the project will reasonable amount of softcap often underperform as well.
copper member
Activity: 364
Merit: 1
The amount projects ask or need to reach softcap or hardcap is not the issue. Come to think of it, most project fake getting the softcap, so why dwell on that.
full member
Activity: 560
Merit: 100
I don't think softcap or hardcap points will be the problem. The problem here is the potential of the project and the prestige of the team.
Because each project in each of the different areas has its own financial resources and the amount of money needed to grow differently.
we cannot summarize such potential and fraudulent projects together.
full member
Activity: 518
Merit: 161
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 green goose for now. try to analyze all picture when market bad like now. and when we have bull run. ometter how much they want if project will work and they will pay.
sr. member
Activity: 1456
Merit: 253
Margin Trader
That is true. Good ICO doesn't need a lot of money. 5 mln is enough for you. I can't even imagine where they spend all of the money. 20 mln is too much.
member
Activity: 182
Merit: 10
Yes, I think so too. All of us should stop the ICO campaign, who wants huge money for their software and hardcaps. In the present era, we understand that ICO means scam. Because now most of the ICO scam. Most ICOs cannot be successful. It is a very difficult thing to do find the real ICO. So we have to see that we should stay away from all the ICOs wanting huge money for their software and hardcaps. Because these ICO will do scam.

Thank you
hero member
Activity: 1358
Merit: 509
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
copper member
Activity: 196
Merit: 0
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?
Why would be? I think it depends on the project, if they have a working product, then definitely they should have a huge softcap to consider. Their project will not going to improve if they have very few budget, and depends on the quality of the project if we will going to support them.
member
Activity: 448
Merit: 21
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.

Because most of them are greedy. For example, after gaining a good amount of money URUNIT again extended their sale 2 months more! So, people got frustrated with that project even partners too. So, when they distributed tokens to all partners and investors, people started dumping the coin significantly, and then URUNIT is a dead project right now!
full member
Activity: 616
Merit: 100
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.
full member
Activity: 420
Merit: 101
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?

On a larger scale, most projects don't really require funding in excess of 20million usd but some projects are huge such as difinity and eos. The most important thing is integrity of team not the seed fund requested
hero member
Activity: 1596
Merit: 502
softcap with large numbers but if team is very slow then project will not develop
softcap is little but team uses funds well so the project will certainly develop quickly and market price will increase
so in my opinion, no matter softcap set by project even though in large numbers the main points are seeing team behind the project
but your statement cannot guarantee the number of ICOs that failed, although the ico project has a strong and highly committed team and has achieved the softcap it will never guarantee you to be able to benefit because they are human so they will be easily tempted by the funds already collected and they will never care about the token or its development again.
legendary
Activity: 2996
Merit: 1188
I thought of their initial intention to build a project, whether they are serious or not to develop their project?
 Logically, if they are serious about doing that, they must have initial capital. In my opinion, investors are only capital enhancers, not full capital providers for the project. Even though they only achieved softcaps, I think they can still develop the project, because their own team that decides capital is minimal (softcap)
Sometimes, it is our impatience that makes us judge them so fast, and conclude on them that they are shitcoins just because they look slow in executing their project.

When we talk about the project, what exactly is the definition of the project we are talking about, many of us think it has to do with computer forgetting that some of them requires physical human efforts, imagine it is a project that requires having a building, staffing, putting of some technical instruments in place to execute the project, do we really think this can be done less than 6 months?

Would it not be right to even give some of these projects at least one year plus to put some things in place after the ICO, some of us are so used to concluding immediately a project finishes ICO and we want them to enter exchange and once they rush into an exchange without putting necessary things in place, they end up failing.
full member
Activity: 1008
Merit: 101
softcap with large numbers but if team is very slow then project will not develop
softcap is little but team uses funds well so the project will certainly develop quickly and market price will increase
so in my opinion, no matter softcap set by project even though in large numbers the main points are seeing team behind the project
hero member
Activity: 2478
Merit: 512
Leading Crypto Sports Betting & Casino Platform
Not all ICOs are bad but in fact, almost all of them only use a pump and dump when they are listed in the market. unless they are stable coins that can indeed keep their prices stable in the market. and usually they have a softcap target that is not too high, the concept is when the development team wants the price to remain stable they must be able to control that the coin is not held by one person who can randomize price on the market.
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