Topic: What happens if Soft Caps aren't met? (Read 196 times)
If an honest company then the funds are returned to investors participating in the sale, and the bounty hunter does not receive anything. And if the scam simply disappears, will it be hard cap or soft cap
I experienced this with the Milkcoin ICO.
The softcap hasn't been reached so they started to refund the investors. It took them some time & manpower to achieve this, but everything went fine in the end.
I don't know what happens to bounties in that case, but i think some projects have a budget for that in advance of the ICO.
The softcap hasn't been reached so they started to refund the investors. It took them some time & manpower to achieve this, but everything went fine in the end.
I don't know what happens to bounties in that case, but i think some projects have a budget for that in advance of the ICO.
The ico will going to fall and all the investors are refunded but not all refunded some ico they run it scam all participants and the investors if they not reached the soft cap not all ico but other members will did they run the money they think that the soft cap is not reached its earnings so thats why other ico are scamming the participants and investors.
What happens if soft caps aren't met are most/all ICO's cancelled - or extended? What generally happens to Bounty Rewards in that case? Are they just wiped and nothing gained?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
Case to case basis which decisions would be made would be entirely depending on the management/owner itself specially if the funds is being escrowed or not but I would say it would prefer on escrowed ones because investors can assure that there would be a cashback or refund on the money being invested. I have experience to see an ICO haven't reach their soft cap and decided to refund all of their investors and relaunch again on another month or soon but there are some cases which ICO's decided to extend in able to reach the cap. This is actually situational.I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
If they not reached their soft camp the investors are refunded and some of ico give free token to the investors for not reaching the soft cap and maybe the ico will fall and the participants may given but not all thats what I think maybe they will be extended for that issue.
What happens if soft caps aren't met are most/all ICO's cancelled - or extended? What generally happens to Bounty Rewards in that case? Are they just wiped and nothing gained?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
Case to case basis which decisions would be made would be entirely depending on the management/owner itself specially if the funds is being escrowed or not but I would say it would prefer on escrowed ones because investors can assure that there would be a cashback or refund on the money being invested. I have experience to see an ICO haven't reach their soft cap and decided to refund all of their investors and relaunch again on another month or soon but there are some cases which ICO's decided to extend in able to reach the cap. This is actually situational.I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
What happens if soft caps aren't met are most/all ICO's cancelled - or extended? What generally happens to Bounty Rewards in that case? Are they just wiped and nothing gained?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
Case to case basis which decisions would be made would be entirely depending on the management/owner itself specially if the funds is being escrowed or not but I would say it would prefer on escrowed ones because investors can assure that there would be a cashback or refund on the money being invested. I have experience to see an ICO haven't reach their soft cap and decided to refund all of their investors and relaunch again on another month or soon but there are some cases which ICO's decided to extend in able to reach the cap. This is actually situational. I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
What happens if soft caps aren't met are most/all ICO's cancelled - or extended? What generally happens to Bounty Rewards in that case? Are they just wiped and nothing gained?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
Every participants on that campaign will get nothing due to the softcap is not reached, every inverstors will recieve a refund and not enough fund to continue the project, it only says it's a free advertising.
What happens if soft caps aren't met are most/all ICO's cancelled - or extended? What generally happens to Bounty Rewards in that case? Are they just wiped and nothing gained?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
Every participants on that campaign will get nothing due to the softcap is not reached, every inverstors will recieve a refund and not enough fund to continue the project, it only says it's a free advertising.
That will be saddest news in every bounty hunter cause once the softcap is not reach or not met this will happen, investors money will be refunded ,bounty participants will get nothing for thier work, the project will try again another time to restart the project.
I came across some ICOs where they state that in case soft cap is not reached, investors will be refunded so If that's the case, It would make sense to have the ICO cancelled because the funds were meant for the development.
What happens if soft caps aren't met are most/all ICO's cancelled - or extended? What generally happens to Bounty Rewards in that case? Are they just wiped and nothing gained?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
I'm guessing that there are no hard or fast (or legal) rules in place for these scenario's? Or are there?
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