Why do most project die if they failed to meet soft cap - page 3.

ethereumhunter

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Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen .
To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .

They lack the potential to manage multi million dollar gigantic project .
They don't have have the potential and force needed to accelerate the project.
Even some of their white paper is poorly written and unprofessional.
Quite disheartening indeed

Because they cannot reach the minimal investment money for their project, so they decide to cancel the project or delay the project, and it will continue if the market is waking up. But before they continue the project, maybe they will fix something that is not working properly so in the future, when they start their project, it will reach good results. Besides that, if they cancel the project, I think they can analyze the progress of their project so they can know how good enough their project to give something to the people.

DariaBriklaiz

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I noticed that trusted ICOs are ready to launch platform without raising hard cap. Usually developers calculate minimum summ for development.

ije07

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there are some ico that are handled by beginners, like making something to earn money but after that they leave without thinking of investors and bounty hunters, because people like that ico seem scary and the impact is that investors are reluctant to invest which makes more and ico fail and the losses are certainly It's just felt by bounty hunters like me because I didn't receive results for my work
but this time not, because I followed the right project

Mishgan27

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Yes there is. But I also saw projects where the company already has half the amount for the project. Or where no funds are raised at all. Someone has a finished product. But such projects are few. Because everyone wants to minimize their personal expenses.

owlman

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Everyone sees how much money was in the market of ICO projects, so most developers wanted to tear off their piece, having only the idea of a project available and hoped only to get easy money, instead of bringing some benefit to society with their technology.

dumplingsandsushi

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Yes, it is amazing how some of these projects think they had a chance to make it big.

If ICOs went through traditional funding (directly market to a VC, angel investor or something like that), then 90% of them would never even get off the ground.
First off, what company could ever get funding without even a product demonstration?
Yet we have so many ICOs that only have a whitepaper and not even an MVP.

Also, greediness will get you shut out so fast in the normal world
If a tiny startup with no reputable devs and no product asks for 20million in funding, people would laugh and think it's a joke.
But there are so many asking for so much.
Even hardcaps of 10million are high.

All of this is totally unstustainable. Which, actually, is what's going on, it can't be sustained so the ICO market is crashing now.

cuenzy

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Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen .
To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .

They lack the potential to manage multi million dollar gigantic project .
They don't have have the potential and force needed to accelerate the project.
Even some of their white paper is poorly written and unprofessional.
Quite disheartening indeed

This is the reason why there are also projects out there that want to regulate this kind of problems. They will be a platform for ICOs that will be beneficial for investors as well. Some features like voting for fund disbursement so it's escrowed and if the project failed the invested will be returned to the contributors.

Omega Weapon

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Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen .
To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .

They lack the potential to manage multi million dollar gigantic project .
They don't have have the potential and force needed to accelerate the project.
Even some of their white paper is poorly written and unprofessional.
Quite disheartening indeed

Because they are after the money, if they truly believed in the project they were developing they will not need any money at all, just look at satoshi he is one of the richest people alive and it is possible he could take the position as the richest person in the world and yet he did not asked for money, he just built bitcoin and mined coins to support the network.

Zadicar

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Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

even though the hard cap is mistakenly met, they will be giving excuses upon excuses .

The time when they do hit up their Hardcap then greediness will surely activated. Grin

Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

They lack the potential to manage multi million dollar gigantic project .

I can even tell directly if someones project deserve to be a multi million dollar but most of them do failed up on that one.

Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

They don't have have the potential and force needed to accelerate the project.

Or simply they don't really deliver mostly on the things that they had promised on Post-ICO.

Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

Even some of their white paper is poorly written and unprofessional.
Quite disheartening indeed

Those simply means that trash projects are hoping to get some foolish or newbie investors without minding to read up their WP.

Esofdemon

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First of all, it's because of lack of money. Why they didn't get the soft cap? - because this project is not interesting to investors and they do not see it's future perspective.

rdewilde

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Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen .
To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .

They lack the potential to manage multi million dollar gigantic project .
They don't have have the potential and force needed to accelerate the project.
Even some of their white paper is poorly written and unprofessional.
Quite disheartening indeed

Softcap is the minimum amount an ICO needs to maintain and grow. If they still can not reach the softcap, they can not grow with it. And so 100% of the projects will be abandoned or die if the softcap is not achieved

batang_bitcoin

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They aren't motivated anymore when they can't meet their quota.

That's it, why would you pursue something if you already failed and you are expecting to fail because people already know what ICOs are?

Flamebellow

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They failed to rise the required amount of money to develop the project , therefore the project should be canceled . The problem is that the projects want to raise too much money at the initial stage, when they can not offer anything except promises written on paper to investors. You can often find how they collect millions of dollars for the work that actually costs 100 or 200 thousand. Perhaps they charge the required amount of money for listing on the top exchanges, but in any case this situation is not normal and requires serious changes.

Febo

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Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

Why do most project die if they failed to meet soft cap

Because moneygrab cant work without actual moneygrab.

Braeden Hahn

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Basically they are thinking about the money but I have seen some projects that didn't meet the softcap have created products. That depends on how competent the developer is.It's a new consensus system.

Kelvinovie2

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Sometimes the market conditions make them loose faith in the project, where they must have collected huge amount of eth and the market becomes unfavourable, that means loss in value which can reduce amount collected, and could discourage Dev in project continuity.

masterrex

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Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen .
To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .

They lack the potential to manage multi million dollar gigantic project .
They don't have have the potential and force needed to accelerate the project.
Even some of their white paper is poorly written and unprofessional.
Quite disheartening indeed

Some of your points are true, But for sure spending with own resources is not that easy to do that's why they are launching their own ICO in that case the chances of raising enough funds are 50/50 in some points if the ICO has created enough noise or Hype exposures the people will get interested and it will invest and buy the offering most of the time people don't read the white paper and they don't care how bad or good is it.

The_Tick

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Quote from: bolshojkush on October 29, 2018, 11:01:18 PM

And why spend your money when you can collect them from other people and then if nothing happens just to shrug and say-sorry did not work.

My thoughts exactly.. but risk is the name of the game from both sides. Even getting to that point sometimes takes millions of dollars in personal investment on behalf of the developer. The only accurate way to gauge the success is by evaluating the whitepaper, figuring out what differentiates their product from something else and whether or not that means anything, and how they're going to implement.

In the end we're responsible for our own shortcomings and need to be master-assessors to be master-investors. The digital realm is currently the wild-west but it'll eventually become civilized and even become the new norm. There is however, only one gold rush.

Kallipso

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Quote from: Cryptolord_ng on October 28, 2018, 06:05:15 PM

I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen .
To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .

They lack the potential to manage multi million dollar gigantic project .
They don't have have the potential and force needed to accelerate the project.
Even some of their white paper is poorly written and unprofessional.
Quite disheartening indeed

In my opinion now a lot of projects that are made in haste, which do not have anything solid. A lot of projects that really can not normally write white paper and corny to make a good site, which will be all clear, so I'm not surprised that they do not collect even soft cap.

nswnxtncc

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Because the softcap is the minimum of capital for their operation. If they dont reach softcap, they dont have sufficient money to deploy their project, their project will be failed.

Topic: Why do most project die if they failed to meet soft cap - page 3. (Read 605 times)