Why do most project die if they failed to meet soft cap - page 4.

ShadowBits

hero member

Activity: 994

Merit: 504

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 here inside the crypto space people only got here because they know they could get money fast enough in a short time so they probably dump those coins.

zedaq

member

Activity: 420

Merit: 10

Wait, if the project did not collect anything, that is, he did not collect the money that should have been collected on the development of the project, then how can he continue his work? I do not understand the question. If he stops living after money? That is a common situation.

anjohyx

member

Activity: 451

Merit: 10

Most of the project owner also don't prepare any fund for their project, money is coming from ICO token sale, if they can't reach minimum target ( softcap ), how to continue development project platform ? Legit project will return investment fund to investor if decided close the project, actually current situation is even if project reach hardcap also look like dead project, such as tenx, envion, play2live and etc

bit-freedom

sr. member

Activity: 658

Merit: 256

Depending on project, the soft cap might be an amount that is few million dollars, not everyone has this kind of money. Some startups have the opportunity to pitch about their projects to investors and lucky to get funding, but not all.

dipeco

copper member

Activity: 210

Merit: 1

Because they are losing their motivation to work with the project, because they did not reach their funding goal. I can understand this, but I think there are few teams that keep developing their product, despite the fact, that the soft cap wasn't met.

CoinsOrDie

full member

Activity: 448

Merit: 100

Quote from: MOProgress on October 29, 2018, 11:03:19 PM

I think the softcap is the minimum amount which the company requires to start the project without wrecking, so if the minimum required amount is not raised, that can make such project to die off. the only thing is that they need to refund the investors money otherwise that should be called scam.

But I think those projects will disappear with the money from the investors. These projects will never return money to investors, because they have intended to scam right from the start. There are too many scams and we are wasting time with them

yrrehc16

full member

Activity: 532

Merit: 101

The soft cap is set to some amount by the ICO team.
This will support the project they are aiming.
Without the soft cap, they can't continue the project as they will be short in budget.
This is one of the biggest problems now.
ICO having lack of investors because there are so many scam ICO which affect the legit ones.

5thFear

full member

Activity: 1260

Merit: 102

Thats true and i like the idea of self investment by the developers before asking investors to join in. Some percentage should be done by the team and developers before the start of the project. But they only take it as a get-rich kind of stuff and nothing more. They usually lack any plans if they reach the hardcap and let the project free float which makes sure the project goes no where.

Connor Guzman

newbie

Activity: 22

Merit: 0

Though some projects do fail and disappear for this reason, not all the project follow this pattern. Some projects uniquely adjust with the soft cap problem and that helps the users to continue with the project.

jouns

full member

Activity: 812

Merit: 106

Yes, you are right, I read somewhere a blog of a venture investor in which he was surprised at the large amounts of money requested by ICO, he claims that will be enough less than one million dollars for launch a project.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

These projects stop because not having enough funds to reach the soft cap means there's lack of interest in the project they probably think it's not worth the effort to continue. That's how I see things when an ICO fail.

I can't say much about projects that reached the hard cap and failed to improve because I don't invest in ICOs. If you're losing hope on a project it's probably best to dump the tokens.

OP sounds like he suffered quite a loss.

MOProgress

full member

Activity: 868

Merit: 116

I think the softcap is the minimum amount which the company requires to start the project without wrecking, so if the minimum required amount is not raised, that can make such project to die off. the only thing is that they need to refund the investors money otherwise that should be called scam.

bolshojkush

sr. member

Activity: 784

Merit: 256

Binance #Smart World Global Token

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.

Mickie James

newbie

Activity: 7

Merit: 0

Most ICOs nowadays don't have a strong leader nor a good development team in order to voice their idea, give the investors a proper idea for their direction they wanna take and the overall strength of the team that they can make it happen. If you're gonna leave it all up to the investors without any sign of how the progress is going it is obvious that people won't be keen on investing and help reach the cap. If these new ICOs that are actually good have a better plan of execution they can succeed in the market and not be overshadowed by these scam ICOs that are giving a bad reputation to the market.

ufaiz50

hero member

Activity: 1666

Merit: 502

Softcap is used for the minimum cost in developing their products, I mean it is normal if a project does not reach the softcap then it will not further develop the project they make, and for all projects the most important constraints are funds. I don't really want to comment on or blame what is in the project, be it a developer, team or anything involved in handling their project.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

A projects will die if they didn't reach the softcap it is important to them to raise money in the TokenSale to continue making a improvement of a project,without funds no one will work to improve the project because the team behind needs also payments for their hardworks and if a project is making a good development they needs funds to do it without funds they cannot make good improvement.

Sevarchik

member

Activity: 420

Merit: 10

Its logically, if they dont meet even soft cap project cant go forward.
Soft cap means minimal funds needed to release their product
They should refund investors and going back with fixed old problems at better times

Fulmand

sr. member

Activity: 568

Merit: 250

Quote from: herurist on October 29, 2018, 09:44:39 PM

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

Soft cap is top bottom ( limit ), reach it will bring big trust and fund to keep continue the project. If can't reach it there's no reason to keep running the project, start again with new one is more realistic step. That's my opinion but I believe that's the true, keep follow new information from developer is really important.

Failure to have the softcap couldn't generate a volume for the trading funds, so the devs will declare failure of the project. Since many projects right now is not doing good or better progress, more investors were very hesitant to invest for new one. That kepts us finding more ways on how to make some projects better in order to become successful, but somehow a struggle specially on the person who handled the ICO.

SuiMikira

member

Activity: 364

Merit: 10

Because soft cap is the minimum funds that they had calculated to be used for company operations, pay for offices, staffs, advertising, release products. Causes they are new startups, they don't have initial funds to keep the company active so they must run the token sale to raise funds from investors. If they could not meet soft cap, it is clearly that they could not continue developing their vision and product, they must stop the project, it dies.

Jodymrdvt

brand new

Activity: 0

Merit: 0

Inexperienced and unprofessional developers team is a reason most of the ICOs are failing. They come into business without any fund and hope for 100% contribution from the investors.

Topic: Why do most project die if they failed to meet soft cap - page 4. (Read 605 times)