Topic: Why do most project die if they failed to meet soft cap - page 5. (Read 605 times)
It should be possible like that, the developer will also get a hug profit when the ICO is successful and reaches the target. But if they only rely on the capital that must be fulfilled and depends on the investor, most likely a project will just be destroyed. Developer ICO projects that have good intentions to succeed in the projects they make, I'm sure they will work hard to make the project a success, they will not just spend their energy and brain but they will spend money if needed.
Some fail even after hitting their hardcap. Success or failure of any project is dependent on the project teams activities, their community and utility for such project. If a project has utility and good hype it scales through.
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
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.
Maybe not all projects are like that, because right now I know and follow projects that really work hard so that their goals are achieved, he doesn't think about selling from ico. He continues to develop his projects every day, sometimes sad and also seeing seeing projects like this, ICO sales are still far from softcap.
this is why it is impt to review the project fundamentals properly before any contribution...those with weak attributes are likely to be weeded out by the mkt and not be worth much anyway...
Well, the main reason is their selecting and maintaining the product isn't well planned and they don't work to make the quality high of their products. Also, they always depend on their investors without doing something productive.
If the project dies because it fails to meet soft cap, it is not worth to start with in the first place.
In RL none of these shits would ever make it with that bad business plan and execution..
In RL none of these shits would ever make it with that bad business plan and execution..
Not all projects are like this, There are projects they have paid for themselves because they do not reach softcap, Some projects are adjusted softcap so the project can continue to operate.
because it is all a gamble. sometimes more people participate in your "lottery game" aka ICO and you can reach the caps that you defined fast and easy and sometimes since there are so many people burnt by previous scammers you can't meet the caps and your project fails miserably.
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In my opinion, some projects do not need a lot of money which they think this is the minimum (soft cap) to implement project. As I read from some ICO advisor's comments, a project does not need millions of dollars to implement. But, as we can see, almost ICOs have soft cap which is millions or even tens of millions of dollars. Maybe we can only know when we try to implement a million-dollar project.
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
if they are having a lot of knowledge in the blockchain development and i guess byteball developer can be an example about how a guy without any fund can create a new system that called as DAG system. It's a new consensus system. 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
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 competence the developer is.
But that's not what happens.
Developers are all hoping to collect funds without anything to contribute, they may have some budget on their development start. But overall they are all passing the burden to their investors.
Developers are all hoping to collect funds without anything to contribute, they may have some budget on their development start. But overall they are all passing the burden to their investors.
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
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
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