We should stop promoting ICOs who ask huge money for their soft/hardcap! - page 6.

Tduty

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Quote from: Xardasim on March 21, 2019, 05:17:23 PM

ICOs with lower softcap are also in the same situation. It is not about softcap or hardcap. This situation is caused by the development of opposite volatility. Better condition means better ICOs.

Yes, I agree with you that Better condition means better ICOs. But don't you think ICOs with a lower cap and with higher cap should have a difference? Because big cap's project got huge money, they can develop their projects, they can protect investors from losing huge money because they have big money! But what are they doing? even lower cap's ICOs are doing far better than those big projects. They made promises before the sale, so people convinced and helped them to reach 100-200 Million USD, but after getting that big money they are doing nothing exceptional! I mentioned HDAC, Pumapay, Cryptosolartech and some others name, please have a look at their development, they achieved 60-250 Million USD. And try to look at Localcoinswap (12M USD) and Iconiq Holding (3M EURO) and Counting House (7-9M USD)!

Tduty

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Activity: 448

Merit: 21

Quote from: cryptobae10 on March 21, 2019, 05:11:08 PM

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?

Yes you are right in some points
But it’s not the project fault I would say because I can assume you fell in love with the tokens and did not cash out your profits

So basically, it’s up to us to have a good information before joining any bounty

I am not talking about the only bounty, mate. What about the investors? You promoted the project by doing bounty, investors got attention because of huge promotion and invested big money but after that their 70% money gone because the team is not working well to develop the product or projects, but they earned 100- 200 Million dollars! Then why you asked 100-200 Million dollars as a hardcap? what are you ding by those people's money? My question is there

rijaljun

sr. member

Activity: 1274

Merit: 267

For me it means nothing. Huge or low soft cap is not the problem if we can calculate or estimate the cost of building their plan. SO the problem for me is not the money but the plans they give. As long as the plan make sense, why not?

Also, most people have interest to invest to get more return, that's why some dont have concerns about the development but always have concerns about price.

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: hirngespenst on March 22, 2019, 07:51:12 PM

Though you are right in some condition like 200 Million USD is just more than hue for the HDAC project where they are doing nothing big! But I don't think we should stop promoting! Rather we should promote only good projects which have a confirmed development or associated with something big! Therefore, 100-200 Million USD for one project is too much huge to achieve in this bear crypto market and I don't think any project can do that properly!

Yeah, i see your point, such ridiculous amount raised by some project yet they have nothing to show for it, i think any serious team with the interest of creating a standard project will survive with the little amount in their disposal, not necessarily have to be millions of $$ before a project can be develop, the most important thing is the interest and dedication, full commitment to make something out of nothing.

senin

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Activity: 938

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I do not think that you should not support those projects of ICO, the team that set a big upper limit for fundraising. If the ICO project is promising, it is worth supporting it, no matter how much the team hopes to raise money. She will gather as much as investors will be interested in this project.
There is no need to support various dubious ICO projects with signs of fraud. There are a lot of such ICO projects now.

Yoo

full member

Activity: 574

Merit: 102

Nice!
I think that's the right opinion. Yeah, after I observed, it turned out to be true. They cannot develop the project well with the amount of money that has been collected from their ICO. Yeah, I think they are satisfied with their ICO sales that have managed to raise a lot of money, so they don't focus too much on developing their projects.
Whereas ICO has a standard softcap / hardcap target, they really use their money well for the development of their projects.

But, we cannot make that reference. Yes, I think everything depends on how the project can continue to grow well and in accordance with the road map, with the team that continues to work hard. Yeah, so the project will continue to grow so as not to disappoint investors and holders.

coin-investor

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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?

I'm worried on ICO's that has a potential in the market that targetted a very high softcap, because it's not realistic to reach high softcap because of investors hesitance to invest because of the current market condition because if they will push it, if they will not reach there's a possibility the platform will not materialize.

Sri rahayu

full member

Activity: 795

Merit: 108

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)

aioc

hero member

Activity: 2926

Merit: 567

Some of them are not reaching their soft cap, honestly, they only need half of the soft cap, but they want to reach more for profit because they know it's hard to fund a project now in this current market condition if the project is awesome and has potential I wouldn't mind supporting them as bounty hunter.

hirngespenst

full member

Activity: 812

Merit: 114

Though you are right in some condition like 200 Million USD is just more than hue for the HDAC project where they are doing nothing big! But I don't think we should stop promoting! Rather we should promote only good projects which have a confirmed development or associated with something big! Therefore, 100-200 Million USD for one project is too much huge to achieve in this bear crypto market and I don't think any project can do that properly!

sandra_x

member

Activity: 574

Merit: 14

Sometimes I wonder too,what do they need all the millions for ,A lot of projects are yet to justify the millions raised during ICOs,other than listing on exchanges and sometimes some poorly developed mobile apps,nothing more to justify such money.The list of such projects is endless

abstractednerve

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I am feeling very bad to agree with you! Everyone's has different opinions but my opinion on it is agreed with your observation! Such a big hope I had on HDAC project! But they did nothing for their investors and supporters! Even it's been almost 2 years of my investment in HDAC project but I still regret why I invested there! The same feeling goes for pumapay and envion! They earned huge money by promoting their unique goal but they did nothing to make their project real!

Indrawan77

hero member

Activity: 1274

Merit: 516

I think high or low soft /hard cap doesn't make any difference, most of the ICO now is not worth to invest, they don't any solid vision, feature or potential, they just want a quick money, I prefer the idea of creating regulatory body to control the ICO creation, limiting caps won't make any difference to the ICO end result

crenfrosck

member

Activity: 470

Merit: 12

More money does not mean more success- some are capable of doing miracles with a piggy bank while others might be struggling even with tens of thousands on their account. However, no one forces you to give those project even a single cent- whatever you would invest, you are making a voluntary transaction and your responsibility for that action will not fade away. The best way if you are indecisive is to ask- literally flood them with any question you would like to have answered (if it has not been done yet in FAQ section or on social media). It will definitely give you extra information necessary for your own decision and you will minimize the risk of losing your assets. Promoting is, on the other hand, time-consuming and we give up our free time in order to have a chance to obtain some digital tokens (hopefully valuable at some point) and no one likes to come with nothing. Research is a must and remembmer that the persistence is a magic key which can help you to open many doors and opportunities Wink

.

powerman24

member

Activity: 448

Merit: 12

I do not think that the progress of a project and it`s development depends only on the raised funds. Different projects needs different amount of soft cap. It depends on how many developers and other stuff they need to pay to realize the project. I agree on that some projects asking for abnormal amounts of soft cap/hard cap not in line with the market situation and the projects needs.

CoinCollect

sr. member

Activity: 770

Merit: 250

I agree with you. Sometimes projects are called very overpriced price, which they plan to spend on the implementation of the project. I believe that this is unreasonable and wrong.

ioanbtc

sr. member

Activity: 459

Merit: 251

Yes, there should be sopped promoting an ICO who ask huge money, but maybe some just join because the team of that project promises that will pay or pay every week/month some amount of money.

timmmers

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Activity: 1176

Merit: 265

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?

That is true ICOs would like to get a lot of money in the easiest and safest way, I do not understand why they do not satisfy with only 100k $, that is still a lot of money and for example after some progress they will reopen their sale and again collect some money..

AtlantaFive

sr. member

Activity: 594

Merit: 250

There is no problem if their softcap is huge as long as they are legit and not a scammer. The real problem is they always give hopes to their investor after getting huge money. The slow development is one big factor in a project. A lot of ico team struggle to perform well after getting some huge money. I think they just need to work hard if they need to reach their target in their roadmap cause many ico has not following the roadmap due to some delay in their part.

moshuk

member

Activity: 252

Merit: 11

the whole thing is not in the softcap, but in the fact that ICO represents itself ... how it is unwound and what is the idea .

Topic: We should stop promoting ICOs who ask huge money for their soft/hardcap! - page 6. (Read 15834 times)