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Topic: When a project don't hit their softcap , they don't distribute bounty tokens? (Read 719 times)

guoyu78

hero member

Activity: 1190

Merit: 541

Quote from: ivaf on March 19, 2019, 07:39:19 AM

As a rule - no. A project that did not collect the minimum required level of funding does not distribute tokens to members of the bounty. And also returns all the funds to all investors. (This is for the case of an honest project, not a fraudulent one)

The fraudulent ones too will not even distribute any token since there is no project involved, it is even logical to know that a project that failed to meet up and mandated to return people’s investment will surely not distribute token because the project they raised fund for has automatically been closed till they feel deemed to reopen it .

We also need to study the projects we are promoting to also see if it can stand the market so that we don’t end up losing our time we would have committed in valuable things.

GREENch

full member

Activity: 1400

Merit: 103

As it seems to me, before assigning soft cap and hard cap for fees, the project team makes calculations. If they can not collect the minimum required amount, the implementation of the project will be impossible. So there will be no tokens, as the project will remain unrealized.

YinShuiSiYuan

hero member

Activity: 1680

Merit: 505

Quote from: shadowdio on March 19, 2019, 08:54:16 AM

of course they don't distribute the tokens, how can tokens survive if the project is not successful? that tokens will be useless no value at all.

That's right. It's quite pointless to do a token distribution in a situation when the project has not reached softcap. Even if these tokens are nowhere to be sold, the project is not developed.

Tipstar

sr. member

Activity: 1820

Merit: 298

They don't distribute the token at all. So, even if they provide the bounty participants with the tokens, it would not matter as there would be no price or use of it. This is a general sense and is usually stated in the terms and conditions of the bounty.

Abal Abal

full member

Activity: 602

Merit: 100

in some cases when a project does not reach a distribution softcap depending on the project TEAM, if the team intends to advance most of them give their tokens sometimes they don't.

nikogluttonym

member

Activity: 171

Merit: 10

In general, when a project does not collect soft cap, this project should not enter the market at all.

Kang Bahar

full member

Activity: 504

Merit: 115

Silent Reader~

Exactly. There will be no token to be distributed to bounty participants, and we will not get anything from our hard work. This is a disappointing thing about the project that didn't reach the soft-cap.

Little Mouse

legendary

Legendary level

Activity: 2072

Merit: 2012

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Make sense, if a project doesn't hit the softcap, how will they operateaand build their project. If they don't build the project, how will you get the token. That's how it works. Learn more about ICO before joining bounty.

s4mp1nt0

full member

Activity: 294

Merit: 100

Quote from: hmarra on August 05, 2018, 05:15:15 AM

When a project don't hit their softcap , they don't distribute bounty tokens?

you are right. most of the bounty campaign did cancelled their project if the softcap did not reach.
some bounty just gave some compensation though.

altcoinhunter01

member

Activity: 840

Merit: 40

Bounties will only be distributed if a project then it's the project successful as bounty workers get a part of the total investment collected by the project and if a project will not able to collect the required funds and wind up their project then how and which fund will be distributed to the bounty workers as they refund all investment by contributors.

Iyeman

sr. member

Activity: 1183

Merit: 251

Quote from: mrdeposit on March 19, 2019, 07:42:54 AM

Quote from: maculeth on March 19, 2019, 06:49:29 AM

let alone not achieving a soft cap, even sometimes the hard cap reached but distribution has not been achieved. I think everything depends on the ico team itself.

If the project fails to reach the softcap, the duration is extended several times, and if the result does not change, the project will be canceled. And this continues with the refund of the investors' money. As a bounty reward, nothing is given.

But there are some projects that will try to create a discussion with investors that already invested their money to continue the development or not. I have seen some icos have been doing it. But the bounty will be paid.

jumiapaul

copper member

Activity: 336

Merit: 3

When the softcap of a project is not met is simply implies that the crowd funding is not successful and the investors funds should be refunded. In most cases it implies that the project won't continue as the developers need funds to carry on with the project.

ranman09

full member

Activity: 756

Merit: 112

Before they either ask their investors if they would continue or not. Or sometimes they extend their sale. But today almost all ICOs, if they don't reach soft cap they refund the funds and then close the project. Leaving bounty hunters with none. Common on bounty campaigns of alts nowadays.

dat.ho12492

jr. member

Activity: 378

Merit: 1

Quote from: shadowdio on March 19, 2019, 08:54:16 AM

of course they don't distribute the tokens, how can tokens survive if the project is not successful? that tokens will be useless no value at all.

I don't think so, it all depends on each project because some projects will be like you said, if they don't get softcap, they won't have distribution and become a dead project but sometimes I also see some very special projects, although they don't get softcap, but the distribution still happens in a very normal way, they probably used a smart contract or some automated tool to distribute tokens. However, those tokens are just a virtual reward for all of us, it's almost invalid, no volume to buy or sell

Aryleeto

jr. member

Activity: 406

Merit: 1

Quote from: hmarra on August 05, 2018, 05:15:15 AM

When a project don't hit their softcap , they don't distribute bounty tokens?

Well, it's always different but in most cases, of course no one will distribute tokens , but I think if the project is ready to develop that can distribute but the truth is such projects come across 1 out of 100

Ochakemaput

member

Activity: 483

Merit: 10

terra-credit.com

Quote from: shadowdio on March 19, 2019, 08:54:16 AM

of course they don't distribute the tokens, how can tokens survive if the project is not successful? that tokens will be useless no value at all.

there used to be some projects that didn't even give their softcap targets. whatever funds they get will still run it. but in reality though the tokens for bounties and investors are distribution but afterwards they run away and don't know where they can sell it.

Ifemini

member

Activity: 690

Merit: 12

There are consequences for every action

Quote from: hmarra on August 05, 2018, 05:15:15 AM

When a project don't hit their softcap , they don't distribute bounty tokens?

Yes they don’t distribute tokens but it does not apply for all projects
Projects that have a refund policy on their crowdfunding will not pay bounty hunters

But projects that continue growth of the platform after crowdfunding hits softcap or not will pay hunters maybe 2% of the total amount made

Bitbtc8

full member

Activity: 1148

Merit: 116

Ninety nine percent of projects that doesn't meet there softcap won't distribute any tokens to bounty hunters because not meeting the softcap is a failure for the project already ,there is no reason to continue such project unless the project has private investors fund already achieved

shadowdio

sr. member

Activity: 1876

Merit: 289

Zawardo

of course they don't distribute the tokens, how can tokens survive if the project is not successful? that tokens will be useless no value at all.

defoman

jr. member

Activity: 448

Merit: 2

If the project has serious intentions, then unsuccessful fees for the ICO will not become fatal. Usually, the project opens additional rounds of fees or changes the strategy, but this does not affect the distribution of tokens. If you have not been paid tokens for a long time and are referred to the fact that softcup has not been reached, then such a project is a scam.

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