What is your general sentiment on soft-caps for ICO's? - page 2.

styca

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Quote from: Brantom on February 20, 2019, 12:11:24 PM

Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?

It is necessary to have one. This is a statement of the minimum funding required for the project to be viable. The question marks around caps really are their levels. If a softcap or hardcap looks unreasonably high, I take it as a bit of a warning sign against the project.

pinoycash

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Most softcap is the inflated or fake investment added by the scammy ICO's projects to create an illusion that their project is worth investing, Ive seen projects showing they already reach their softcap but in reality they haven't get a single satoshis from anyone. Cheesy

boty

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Quote from: imsotiredofmoviereboots on March 27, 2019, 11:07:52 AM

Quote from: Brantom on February 20, 2019, 12:11:24 PM

Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?

I think softcap plays a vital role that will determine the success of the ICO. I know that some ICO scam also reach softcap but hear me out. If an ICO reach their softcap, it just shows how many people are interested in the project and the higher the amount of softcap that is reach, the better.

indeed with softcap, at least it can make some ico able to continue the project they want to develop, but there are some ICOs who cheat and do not keep their plans so that they run away from investors' funds. Currently there are many like that.

bestpikka

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I think the soft cap is very necessary for an ICO project because the soft cap is a sign of their minimum fund to run the project. thus can be more convincing to investors in supporting the project.

Aligab166

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Quote from: Brantom on February 20, 2019, 12:11:24 PM

Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?

I generally don't have a good feeling when it comes to project softcaps. I don't see any need for it. Any amount of money raised during ICO should be used in executing the project.

imsotiredofmoviereboots

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Quote from: Brantom on February 20, 2019, 12:11:24 PM

Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?

I think softcap plays a vital role that will determine the success of the ICO. I know that some ICO scam also reach softcap but hear me out. If an ICO reach their softcap, it just shows how many people are interested in the project and the higher the amount of softcap that is reach, the better.

GregH37

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Quote from: MiniMountain on March 24, 2019, 07:09:46 PM

Softcap is the minimum funding goal that needs to achieve in able for a new project to build their platform and sustain the financial needs to run it. you can't run a project without valuation on how much money is needed for it to be live that is why softcap is created and its the main target for an ICO projects.

If that is the case, then why create hardcap, does that mean that hardcap is a scam, because virtually every ICO I have seen out there does not only make request for softcap alone but hardcap too, either the ones that requires sizeable initial capital investment or not because I don’t see why a project should quote less than what is required, if you look at the difference between the softcap and hardcap, you will realize that it is quite high gap.

After all, there is no policy in the market that says the two as to come hand in hand, so if a project needs to have only softcap, let them state on softcap, and the one that need hardcap, let them state it and also state reasons for this.

laredo7mm

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The current belief of people about softcaps has almost decreased due to the lack of transparency regarding funds and in the end also got the suspicion that many projects were manipulating their funds

davinchi

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I often tell people that I really don’t usually believe in a project that stops at softcap without the hardcap. I seldom believe in these projects, because softcap is just like you saying you will manage the amount generated for a project, and the developer knows that it really requires hardcap for it to become a success.

I don’t expect to see any project that stopped on softcap to be on any good and reliable exchange because, most times, they will like to manage the resources required for the project completion by going for cheaper means which sometime might lead to making use of unreliable resources and at the end we end up seeing a failed project. If a project really requires hardcap to be successful, they should really push hard to hardcap.

Vispilio

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Depends on the project, Softcap makes sense when the MVP requires a sizable initial capital investment...

For others when a business can become profitable even without any upfront costs, soft cap would hold psychological significance...

MiniMountain

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Softcap is the minimum funding goal that needs to achieve in able for a new project to build their platform and sustain the financial needs to run it. you can't run a project without valuation on how much money is needed for it to be live that is why softcap is created and its the main target for an ICO projects.

cryptowolfsu

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Soft cap is essential for the project development. Without funds the development won`t be smooth.
I could see several airdrop projects struggling without funds and asking the community for donations.
It is another question how realistic the soft cap targets are. They are often over sized from what
would be necessary.

monineklutak

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The OGz Club

very necessary because everyone must have a target so that they are encouraged to do their best, especially because the goal of ICO is to make money for project sustainability so they must be able to achieve softcap because if not then it means that they will not develop because there is no money enough to develop it

sadmaster

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Bitwings !

Soft caps signify how successful the ICO went. Companies in general uses ICO for gathering investors funds as a method of reaching their goals, launching their product, or starting their own digital currency for it to be live on the market. Being unable to get the softcap, the company could not follow it's roadmap because the funds is insufficient.

NeelMariaWarner

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actually not really needed but because softcaps are the minimum target, the project must achieve that and investors must also know that if they like the project they will help the project to reach the softcap so that the project can run unhindered due to lack of funds

Golstrim

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Margin Trader

My general sentiment is that ICOs raise too much money.
In reality they don't need a lot of money, they are trying to raise more in order to buy luxury staff for owners.

heritage35

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Quote from: Brantom on February 20, 2019, 12:11:24 PM

Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?

I have come across some projects with no soft cap, yet they would have a target, because the product needs to be developed by raising fund and that will surely give value to the coin.

Mr.Spreadthehamster

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If the project is legal and can provide the investor with a real product, then, most likely, it is good and promising and follows the planned algorithm for confident development of the project, where the soft cap is not the goal, but the result and incentive to continue

mdzahed134

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Quote from: zhekinsp on February 24, 2019, 10:21:04 AM

Quote from: Brantom on February 20, 2019, 12:11:24 PM

Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?

I think it is necessary because it can give an idea about how the sales is going and if they can't reach even the market cap they will stop their projects that is why they are having it.

Yes, soft cap is necessary also i think. Because without soft cap or hard cap we don't about fundings but you believe that majority of the projects showing fake raise amount in the project website. It’s very horrible business strategy i think. A lot of people very concern with soft cap when it's big amount when they excited to invest which is absolutely wrong parchaption.

Omela44

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Quote from: Brantom on February 20, 2019, 12:11:24 PM

Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?

For me, this is not a sign of weakness or missing confidence. I think it's more normal to have a soft and hard cap. What i do not like, however, is when the softcap is reached and the project is canceled anyway. Then i really wonder why they have a soft cap if it is set too low.

Topic: What is your general sentiment on soft-caps for ICO's? - page 2. (Read 846 times)