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Hey, I'm interested in everyone's opinions on this. I find so often when looking for ICOs I come across something that sounds like a good idea but then am instantly put off when they all seem to trying to raise 10s of millions for something I would deem could be perfectly possible with only a couple of million or even less.

 Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?

 Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?

Very well said sir. In the past, projects didn't use to ask that much money to raise. They used to limit themselves within a logical amount. Then they saw the hype around the projects. And they started to try raising whatever they can. Maybe the cost would be $1M for that idea, but they collect $10M for it interestingly.

Due diligence on the investors part is one solution. Some ICO's fly with just a white-paper and nothing else. These guys even get upset when you ask relevant questions and seem to forget that they are asking for money. If all the investors started asking for financial spread-sheets and projections, it would be immediately obvious if the ICO's goal was over-capitalization. You don't need 200 Million for a venture if it can be achieved with 1.5 Million and 200K for unforeseen events. So 1.7 Million is all they need.

They can even have a second round of fund-raising if it is required later on. This way investors can see the progress made compared to the projections made previously and even have a rough idea of their expected return on their investment. If all is well then the second round can be started.

If the founders over estimate the worth of their project, these financials will bring them back to earth. Blatant over-capitalization is a well known red flag. You could check out a Prospectus from a real company running an IPO to see what I mean.

To bring expectations back to reality, all you can do here, is start asking the hard questions. If you are not satisfied or they ignore you then move on. Your money is still safe.

The other solution is government regulation, which could be a bitter pill to swallow in this space.

of course they are expecting too much..

look at the ICOs nowadays.. minmum hard cap is 6 million

do we really need 6 million dollar to create an app or trading site which they advertise on their white paper?

they want to cover the cost of their ad campaign , i think.

Way too much they are definitely over reaching but there's no repercussion for them doing so.

Yes 99% of the ICOs are raising way too much money than required. I've seen some social networks ICOs raising 5 - 6 million. It won't even cost a fraction of that. I can build a better network with only $10000! Lol. They raise too much of money so that the team can be millionaires. I've just given you one example but there are 100+ ICOs like this.

Their advertising budget should be defined and broken down in their financial projections. It's not hard to specifically cost out future advertising budgets.

There may be repercussions for them in the future if people vote with their feet. Or worse for everyone if the government steps in.

By the way, I'm not talking about any specific ICO, just generalizing.

In recent days, the ICO market is picking up. I think we can try out a few good ICOs, but you should still be cautious because many scams are here and there. I guess before Christmas, the bull market may come.

Every ICO have their different agendas put to the table. Keeping that in mind, the investors who gets interested in a particular ICO might invest a large stash into it, which aggregates to raising a lump sum.

So I don't think they raise too much. It's a matter of perspective here. They raise just the right amount.

I guess due to lack of government regulation vis a vis implementing guidelines on ICOs.  I think at this point of time where  ICO market is flourishing, government  should step in to put the necessary safety nets and to level the ICO playing field.

Altcoins will eventually rise but not this season and even Bitcoin is already overrated in terms of value and price and I believe Altcoins have good future and ought to be increased the market cap and coin price but it will all depends on the core team. While some Altcoin are dying today but still there are more Altcoins that supposed to be recognized as an alternative Bitcoin to invest.

Humans are greedy beings. So I guess its marked up and profit from the expected cost for their project. I guess their initial effort cost as well. lol

Fake ICOs are indeed trying to raise too much money for their own greediness,the real ICOs doesnt have enough funds to support their own project thats the fact many of ICOs are created to scam more people.

If the project is potentially good in the future, why not. There are many ico available today, but only a few are worth striving for to succeed, so his project can run according to plan and roadmap.

Actually I don't think 6 million USD is too much money to raise a company with a good product. The sheer amount is not telling anything.
The problem is that many ICO founders are not planning to invest this money in their product and rather take it for themselves...

indeed. they try to raise way more than the expectations. I think they can build a good product even with 10 million.

I think it's natural that ico raise very much money, because every time I follow the project I see the project really needs a lot of funding, so I think it's natural that all ico projects target hardcap very high, but not all projects there are also projects that only collect funds only slightly, so depending on the project to be made whether it requires large funds or not  ;D

Nature of the beast and you are right on the money. However, if they are genuine, most start-ups are happy to make a profit in the years to come, not right from day one.

Sometimes, a good question for the founders is "How much of your skin is in the game?"

Do they lose their house if the project fails.

Good topic. Yes, ICOs raise too much it isn't even logical anymore. Seriously, web-based and software projects have very little risks and unexpected expenses as compared to construction or fast moving consumer goods. I really don't understand why some ICOs need a billion dollars just to so developers can code.

Anything is too much.

If you do not have the means to whip up a quick web page and clone / mod a coin source code repo then you should post your coin idea and leave it at that.. or join one of the existing 10k coins.

And guess what ? That is how it *USED* to work in crypto many years ago.
Did you know before the rise of ICO's people simply made coins and posted them ?
Yeah i know shocking right ?

If you don't have the means then don't do it.
Don't create a problem so you can send me the bill for the solution.

And "too much" ? Are you fucking kidding me ?
I was the evil monster troll FUD'er with threats of lawsuits and hated beyond belief when..

The children with high school pictures posted here who made a coin called BlockNET launched their scammy ass retard gimmick ICO.

They had a dumb idea and then posted an ANN topic with a brief paragraph of information embedded in a jpeg with no text on the forum posting.. then held their hand out for a million dollars in Bitcoin.
It sickened me and i was tipped off by a guy privately to look into it.
So i asked some questions.. but apparently that means you are a TROLL.

I also noticed the dev said he had completed 75% of the code *BEFORE* posting the jpeg ANN topic and the million dollar ICO.. get it ?
Had he waited he could have simply finished coding it in the short time it took him to do the 75% *BEFORE* posting publicly.
And funny enough in a year+ he had done nothing but letting hosting expire and fed supporters excuses delaying them while having plenty of time to finish the other 25% of the project.

So i asked the dev why do you need 1 million dollars then ?
He said to me on the forum here "to ensure it's a success"
But i guess that does not cover $50 for some hosting costs though  :D

It didn't take long before the dev threatened me with lawsuits for defaming his "Company"

The funny part is that was one of the better coins.. they get far worse than that.
Let me make this clear so there is no confusion.

THIS IS SCAMMY BULLSHIT .

You can't really decide that the advertising budget is mostly which costs a lot for most of the ico if you want to raise millions you need to spend in thousands.
Now regarding the app or coin they develop you can't predict it that weather it will be useful or not only when the right time comes.

Well if you think $6 million is too much then why are you promoting something which has similar to figures you are against.
Plus if people don't have any problem in giving them $6 million well then it's not their fault as well who doesn't like free money.

They raising too much money because they probably ensuring the future of their offspring's generation and their grand offspring's offspring too. LOL. And what's a better way to do that than rooting from the uninformed "investors". Desperate times.

they had their own calculation for the alocation. it might be true they expect too high for the project but i do think its not bad decision to expect bigger rather than small .

I agree most ICO are trying to raise too much fund which they cannot support the claim where the fund will go, the cost is so small that the fund they are trying to get is too much for their future operation.

This is the time of the greed. Etherum ICO raised the nice amount of money and also gained the trust of the fellow investors. That particular ICO started a chain of other projects raising funds to cover the expenses of their projects. Many developers in this situations are starting false campaigns that are closed after the end of the ICO shutting the door to investor and scamming everyone involved. There are many scams and many of developers see the easy money that they can gain easy with investors backing their projects. Many of them want too many funds covering not so promising projects and to evade investing in that kind of projects only solution is to make a deep research and invest smartly and with caution.

ICOs not able to justify their fund raising amount with the business goals can be raising higher. There are alot of genuine ICOs as well. Its upto investors to study the whitepaper and business model appropriately and evaulate whether the investment and projections co-relate.

One word.. ACCOUNTABILITY.

Let me know when anyone ever sees it in crypto.  :D

Still don't get it ?
Ok well then give me 6 million dollars.

- I will buy Champagne and caviar in my private yacht so i can code the coin.

- I will buy a Lamborghini… then get a Chrome paint job for it so i can impress Advertisers for my coin.

- I will buy a private jet so i can test out the coin code on TestNET in flight.

..I'll still have 5 million dollars left over for a "crypto coin".

Proof i spent it ? Your lookin' at it.
Isn't a forum posting enough ?
Hell it's more ACCOUNTABILITY than 99% of all coins ever released.  :D
Most simply don't say anything at all about what they spent it on.

So what will i spend the remaining 5 million dollars on ?
Hey guys.. downloading Github.zip and modding it a bit with a new icon i got on Google is hard !
I will have to hire a team to figure out this crazy new magical internet wizardry.
Yeah or i dunno maybe 5 million dollars worth of crack & hookers.. meh who cares fuck you.. pay me assholes.
I am big's time crypto coin superstar !

Who is rising too much money. ICO investment been done by the each different persons dude not by the one set of people of alone.
When it is done by different people how ICO project will raise its about the investors who moves to altcoin creation all the time.
Instead of making profit with ICO you guys can invest directly into bitcoin and make money of it.

I agree. Many ICOs have very high hardcap to attract attention to their bounty campaigns imo. If some project has hardcap 50M+ it's enough to place only 0.5-1% for bounty and it would looking like $250k-500k+. Many people are very trustful so they take part at these campaigns.

Yes I think most of the icos have very high minimum cap for projects to become realized. Even good projects that hit hard cap don't deserve amounts they got from investors. It is truth.

In my opinion, almost always they do try to raise too much. There is no reason in the world that a team of 5~10 people should be able to fund $50 millions plus - they can't even spend it! And too much money can be very detrimental to a project, just see Tezos for a recent reference...

I think they it's not too much as they must have had calculated it beforehand. However for scam ICO's that's what I believe are raising too much and don't deserve our support.

Yes. I agree. Its looks like they are on a race on what ICO could raise millions in just a few days which tend to lose what ICO really means. I agree that they need to raise, but millions in like a few days in unheard. And sometimes we tend to see some ICO to be a scam when they raise millions.


As a community we just need to call what's need to be called for. If we see that the ICO who have raised so much without any significant to offer then we need to call it and raise awareness.

I love the wonderful little noob speculations as to WHY.
Only thing missing is even ONE of the so called "dev's" to see this and respond.
I am guessing not one will say a fucking word.  :D

I love the idiotic replies.
My favorite is they must have "calculated" they need 50 million dollars.
Nice assumption.
I don't suppose they calculated the cost of the lambo into that huh ?

Fucking jesus tap dancing christ this is some idiotic retarded moronic fucking bullshit from hell.  ::)
This is some internet next level gen of stupidity and greed going on here.
It's least it's humorous though.  :D

I think some ICO's are scum they just steel from suckers!

Too many people see ICO as quick and easy fundraising. WP, Landing, team with names and thats it.. Hardcap is always about the people you get in team. If you get Vitalik in, you could put it to 100M..Thats why people are trying to put on blockchain every damn s***. They don't even ask if solution they are providing could change or help improving current status? Can this be solved without blockchain? Doesn't matter, just get some crypto guys as advisors and you don't need working product at all!

Some of them are just trying to grab as much as they can, yeah. Other actually have plans for all the money, and different scenarios for different sums raised. However, if you are trying to raise 100M USD, you better have one hell of a campaign going.

This question doesn't even make sense. ICOs are entitles to try to raise as much as they want. There is no set limit for how much they can raise or what number or goal they set for themselves to raise. At the end of the day, it all depends on the willingness of investors who see potential to give them money or not, so the amount they want in the beginning doesn't even matter, because it could be more or less in the end.

Nope.

You see all 100% of these guys are fully aware of what is going on.
Nobody is getting duped and tricked into supporting a coin.
They do it and go in willingly in the hopes of profit.
Hence why this shit is a new age digital ponzi / pyramid scheme.
ALL OF IT !
Crypto is a ponzi / pyramid machine for teh ROI's.
It's why all the noobs here showed up.

I have said that probably a thousand times here on the forum in the last 5 years and you all still play stupid.

You all will gladly line up to support Paycoin until it becomes embarrassing and you worry the price will tank..
Then you will dump and show up bashing it calling it a scam.
But before that you were on your knees.

Your actions betray you Investards.
You can't wiggle out of it with cliche'd bullshit retorts on a forum.
Reality itself is crystal clear and free to see for all forever.

When you say what is quoted you are preaching to the investard-choir.
You learned the cliche'd retort and you are teaching it to the other greedy profiteers so they too can keep chanting their shitbird chucklefuck pajeet crypto-mantra.
But all of earth sees straight through it.
It's simply instructing users on how to operate within the pyramid scheme system that is crypto.

Noobs show up and they learn these same old dumb fuck cliche'd retorts and they think they are working.
Problem is the people here don't care.
They are already sold on greed and don't need to be convinced of anything.
The morality game is a facade.. unless i do it of course.
And i can say that because i am probably the only one in crypto who never had anything to do with an ICO coin.

So no ..there is no profiteers being tricked.
You can't rape the willing Investards  :D
These kidiots know damn well there is risk but the high profit potential over rides the integrity they are SUPPOSE to have.

In case you didn't figure it out i am smarter than all of you combined.
But to be fair i think many more around the globe just don't come here and speak up.
Smart people with class & integrity would not be here doing this shit.

I agree with you here. There are some legit ICOs out there who describe why they need so much money in the first place. It is easy to be skeptical about such figures and their reasons, but I trust some of them after doing my research. On the other hand, there are plenty of ICOs whose main purpose is to scam people and they quote big figures, but run away like ATS token(Example).

I think 99% of ICOs are a scam and 99,9% of them will fall in the cumming years. Which are the ones with a realy good intention and idea, I guess only time will tell. Right now its imposible to say for any ISO that its 100% not a scam.

As my opinion, ICOs if as crowded funding is good. They can have a chance to developing their project. But actually, many ICOs now is like scam ( Especially at ERC20 Token). They bump coin, crowded effect and Hunger Marketing lure everybody buy. Then bring investor money and go away, dont care about this project anymore. So be carefull when chosing some ICOs like have evaluate coin:
1. Have community or not
2. Do not make mistakes in English.
3. Having international community?
4. Roadmap
5. Whitepaper
...etc

I think it's a bit of a symptom of the ecosystem.

Think of it from the altcoin creator, imagine you put up your altcoin and you have the ability to raise millions when you only need 1 million to do what you need. It means you can scale, add more staff and really go with it. This is also including the fact that they want to remain in the cryptocurrency sphere and don't just want to make a cash cow.

Also I imagine that there are a lot of costs as well, god know how much ICO's are paying in advertising / events because they know there is so much money floating around.

But i do see your point, I think once ICO's stop being the flavour of the month, then more realistic targets will be upheld.

Yes it's true, sometimes it happens but not always the case. It is not the bad thing that ICO try to raise big funds. It depends upon the complication of the project, the more unique, innovative the project will be, more funds it will require to undertake. Sometimes ICO raise funds more than necessary, that could be of any reason like personal gains etc. But this high raise or low raise should not be used as a measure of good or bad ICO. always invest in ICO whose team members are of well reputation and project is unique. Use whitepaper to know that. 

It all depends upon the project and the backing. When there is a perfect prior planning nothing to worry about it. What they tend to rise is acceptable. I have been into an ico investment and I find them good, because as they scheduled on the road map they used to provide all the token holders with the profit earned every quarter. This gave me additional hope on ico, and most ICO grow with legitimacy though some go as a scam.

First of all, thanks for bringing this up for discussion.  I totally agree with you here. I could bring up an example here about Kik' s ICO. A grand total of 178.732 ETH/ $97.5 million. Although they were initially planned to raise  $125 million.  I were following them whey before fundraising and was going to invest , but their greedy ICO changed my mind to go ahead with it. I looked into their whitepaper and portfolio and didn't think it worths as much. I'm sure you can bring up many similar ICOs here with overrated fundraising plans.  These ICOs must be controlled by low. Exscudo will audit all ICOs on EON blockchain in the near future.  I'm looking forward to see the outcome of this.

Well, a project should have a target achievement. to make an ICO a success, I think the project must have a large capital. so, it makes sense if they need big funds, and high achievement.

not all ico are scams.  companies need to raise money to fund the project.  but look for projects with products already in beta or very close to it. 

I agree with you. It started out as a great idea but quickly became a money grab. There are some good ICOs out there you just really have to do your research and pick wisely.

In my opinion some Icos can rise and much, of course they will not be all.

The Icos at the beginning of the year were of great value, but with the increase in Bitcoin and
Forks they stopped climbing.

Now we have to wait for Bitcoin to stabilize the value so that they start eating again.

We will have to have patience because it can take a while for them to go up again.

That's right. If their aim is big enough, and then they can determine a high cap for their crowd funding. There is nothing wrong with this. But some projects are really abusing this obviously. They don't need that much money but they collect more than they need.

I agree that as a result of the ICO, they are trying to raise too much money and therefore often such an ICO does not achieve positive results. In addition, some of them are direct fraud and are held only for the purpose of collecting money. However, ICO as a whole is necessary, their ideas are sometimes very necessary and promising. Here you definitely need

Definitely! I'm always flabbergasted seeing the amount of money they think is needed te start a business.
Maybe I'm missing something here, but I've seen 'offline' businesses start with just a 'few' bucks and some years of hard work in order to grow to a revenue that some app-developer think they need just to start coding. Ridiculous if you ask me.
 

That's a good point.
Sincerely i think that most of ICOs are rising way too much than what they really need..the most asked now is for their personal greedy needs..
Crypto is still a very wild environment..and many people out there are taking advantage of this over naive investors pockets..
But if you are lucky enough ICOs are still worth investing and one can still make substancial profits out of it.  ;)

I agree, when you see ICO raising XX millions just for a whitepaper and a good team it's a bit deconnected from the current funding rounds of "regular" start-up.

This world is very open, no one can stop ico developers how muc they want to raise. They will raise as possible as they can. If you don't agree, they will not matter. ICO developers have team to raise fund. They plan the budget. The real ICO project will spend a lot of money too to develop the preparation for ICOs. I think no problem ICO raise too much money.

I think most recent ICO projects are trying to raise too much money. And generally they can not raise that much. So I hope they do not do that.

Hell yes they set out looking to raise way more than they need. In theory though, if they hit these targets that should allow them to expand their teams and we stand a better chance of seeing the project see the light of day .... or they scam you and run away with whatever they make. Due diligence should be done on the trust and reputation of the team before parting with any of your hard earned money.

I usually always avoid ICOs that are uncapped or have very high caps.  I just feel it is much harder to see profits.  Many of these projects with high caps usually drop below the ICO price when it first hits the exchanges, especially if they also offer bounty campaigns.  This just messes up things for investors.  

Probably yes, that's the mean reason for making ICO and to have a successful project. Though some ICO doesn't reach their hardcap but it is considered to be successful since they finished their project.
But some of project owners become greedy , when they have received the money they just keep it and never look back to the people supporting the accomplishment of their project.

Yes to me the more money an ICO raises it's almost worse than it not raising very much.  Most of these projects have such little to start out with, only promises mostly.  It's a receipe for long term failure and the devs essentially winning the lottery and taking their sweet time, if ever, to deliver on those promises.

yes for some ico. sometimes ico are need a lot financing and they have write what the allocation of money for. so not all ico trying to rise too much money but sometimed to be big they really need a great amount of money to make their project success. for example real estate that need a great amount of money for their inventory and platform

Yes i know that they are raising too much money and investing more, additional to that they are also courageous on finding many investors and buyers of their coin, that is because they have so msny participants and they do not want to disappoint their bouny hunters by giving small amount

It is true that some ICOs asked for too much but some projects need more to finance the project. Usually you will get that money returned instead of see it disappear into thin air - depending on the ICO ofcourse.

Yes, I agree with you. I also think that there are some ICOs try to raise their target. About $30 million or $50 million. I think we should look for ICOs with under $10 million targets.

This time I really don't think ICOs will increase too much because the number of Crypto-Currencies are increasing since last year and until now and more to come next year. There are too many coins to choose from that's why the competition is tough and the only option today if you're going to invest to get more profit is only through Bitcoin because Bitcoin's price is continuous increasing while Altcoins are laying low flat for a long time.

Of course they do! Tell me, outside of crypto, what kind of huge projects take millions of dollars to develop? Those by major multinational companies with hundreds and thousands of staff and testers and coders in their development team.

If you are a project with a handful of people, do you really need to raise $1 or more million?

The first red flag is this to me. No budget, no statement of costs, no market research. Just some random soft cap and hard cap based on total supply of token or coins, and how much each dev wants to keep in his millionaire fund. Ridiculous, is it not? Absolute nonsense.

Well, you got a good point of view and in addition to that some ICOs are just collecting investments and then they'll vanish to nowhere. I participated an ICO bounty campaign but until now after one month I still haven't receive any tokens and my fellow participants are complaining and we do nothing about it.

It's a shame that most teams do not have their ICO divided into more stages. For example, if we raise $500 000 we make this, for another 500 000, we'll finish this and so on. It might be even clearer for investors and we could make better decisions on our investments.

Many projects demand so much because investors give it to them. A huge stream of new inexperienced ICO investors multiplied on their fear to miss their star and we get such a crazy situation when a lot of crap gets many millions. Plus those investors who have already managed to earn a lot, also often invest without a special search, because they have this money.

It really depends on the project and there is no cookie-cutter answer to this question.

The problem that I have with ICOs is the fact that they do not provide any realistic breakdowns of their finances, which indicates either a complete lack of competence with regard to running a business or greed and laziness.

Fortunately little details like these make it much easier to identify potential unicorns.
At the very least it's always dead obvious when an ICO is just a money grab and not an actual vision.

When an ICO raises too much money it has no where to go but down.
http://albertmurphy.com/
That site as a lot of nice info about ICOs

I honestly think that some ICOs are raising way more mo ey that required to implement the idea,  there are few good ones which raise as much money as required to implement their idea just like the one in my signature and few other ones.
But yes many of them are just raising more than required funds

You could be right for some projects because they do not need so much financial support as they aren't unique . And I think projects that are based on improving health, the environment, energy are some of the few that can not be put in the category of asking for too much because resources will never be enough. 

The high estimated price for soft/hard cap of the new ICOs is shocking and which is giving a clear view that there are a huge lot of scam amongst them all. If the hard cap is obtained at the end, then there is a tendency that they might end up the project.

yes totaly. they are trying to raise every cent they can. look at worldcore. they raised 10,5m dollars but extended ico time 1 month for 500k~1m more.. and lost their trust to investers.

Yes, I think they have raised too much money and may not actually be able to use it at all.Raising so much money is not good for team development, and they may be distracted by doing things.

The ICO project now looks more like a speculative project than an investment project, so you need to be careful about how to choose a good ICO project rather than just follow the trend.

Well, a yes and no for me. It depends on the ICO. It the Dev has big projects in mind he might start with a bigger target to get those funds for the project. On the other hand, sometimes making too large a target isn't good, if its not achieve as then you have to declare your ICO not achieving the target and hence a failed ICO.

Yes, I agree there are many ICO's who are raising funds much more than required. We will be shocked if we knew the original projections than actual. I still feel , there may be few ICO who are genuine and have a long term plan whereas there are some ICo who just everything on the whitepaper and do not know where to proceed. So even when i look at the iCO i always see their roadmap to understand their vision and accomplishments to be done in the future.

Projects are trying to raise more money, because the price of the crypto currency is too unstable and at the time of the end of the ICO the exchange rate may drop significantly, which will lead to a shortage of funds for the project.

ICO's are milking it coz the markets are currently allowing them to. With time and transparency, things will normalize on the fund-raising aspect. My hypothesis is that we'll see multiple-phases of ICO's happening, similar to how we see Seed/Series-A/Series-B fundraises in the VC world.

Not all of them. Most of them do try to raise too much and that is one of the things I get to look at anyway before trying to invest in a project. There is just some amount of cash that is too much and then you wonder what the point is for raising such a huge amount of money for a project that can even kick start without much. Well, I will consider it greed and most of these projects end up not doing well eventually.

Any high cap ICOs usually have a lot of difficulty in growing fast and always difficult for the investors to get so much from the coin at the end. As long as a project is viable and it has a good product that can easily fly, with a very low cap, they can do better, but most of these devs are just looking for quick ways to raise a lot of money for something that do not even need too much out of greed.

A decent ad campaign can cost around $250 000, I think.

Sometimes they ask a lot too much than they actually need without even any beta or alpha version yet
They try to convince investors with simply just an idea, without sufficient knowledge ora even team to achieve it

I feel all ICOs just try to do one thing — let people making the bigger investments. I would believe those projects that really do not promise too much and their ideas sound very realistic and bringing something new to all.

they want to cover the cost of their ad campaign , marketing etc.. i think so

Yeah thats a bit no no sign for me. A lot of these ICO's doesn't even require that much capital (and often not even a new coin..) unless they plan to get rich on the ico and not the product....

TenX got +80mil USD for ICO, totalt 538 mil USD 1 month after ICO finished. Seriously, a company making zero profits, run by a doctor.

Even though some ICOs have managed to get a lot of money, how many made a feasibility study as to how much they want to implement their project? Will they implement it at all? thats the main question for me. Advertising in the Crypto community has risen a lot. Finally, a lot of people are entering crypto and they want to get tokens as cheap as possible and ICOs is one way to do it.

Yes ico raise them but that is natural every body says him self best we should study it before investing

Yes, ICOs raise too much it isn't even logical anymore, with time and transparency, things will normalize on the fund raising aspect.
but we need to be careful about how to choose good ICO project.

I can see there are more and more ico recently, so much that we can not choose what ico is worth to invest, also many of them are scams, so we should be careful and do research carefully before invest in that ico.

Agree. Fund raising mostly need to get money as much as possible for their project and also for the success of the the project for their future plans and other needs to done but the other are just raising their hard cap and soft cap which is difficult to achieve . We need to be careful  in investing in ICOs now

Yes I do. And most of the time you Dont get any audit to read about what was actually raised and spent. The fact that there is no verifiable record except what see on the print, to show how the money was used is depressing to say the least.

we can manifest or help in a stable state by not following or choosing an ugly ICO, maybe that's the way I know it

Yes I feel that too that they raised too much.

There are some ICO that have a good planning they really need big money for the project like they need to buy machinery etc. However during the token sale the ICO failed.

The investors are more likely to support those ICOs that wanted to raised too much fund than needed to make the project.

surely they are expecting stout sales from ico and have set maximun sales target and they alao limit it.

The most ICO has been able to collect milions more then expected into some projects, i do see those as an abusive investment and there is only one big interest wich is once possible make a decent profit, or use their big capital to pump the coin, even if hasnt nothing ready from their plans. ICO were in the past a easy way to scam, but now people are taking a bit more serious those, and all expecting to get rich with them, must remember not all ICO will reach sucess, and your investment is always at risk, since the most of these projects might fail before get live.

Nothing wrong with that actually, they expecting the best they can get. Making an app or a trading platform maybe not cost that much but they need to cover their ads and else i guess

My thoughts about Icos are a bit different
I always care about the thoughts of a couple of people I trust
And they help me to choose Ico
It's very difficult to trust fully but we still try

Now that the ico project needs more and more money, the team is becoming more and more greedy. I don't know how much it will cost in the end, but if it goes on like this, the ico bubble will surely burst. It is likely that most of the money will go to bitcoin.

It is a very simple fact that if every dev team want to raise as much as they can if they can do that. It is the investors that should know the risks.

I usually go for icos trying to raise 5mio or less. Anything higher doesn't give good returns even if the product is good.

Nowadays its hard to choose ICO , not only because of too many scams and they will just run away, there are also so many ICO's running now, its hard for the investors to choose which is which and if it will be true to their words, its not that I am accusing but there are quiet few that it will just runaway. They would try to raise enough money to start for their own business, but that is not only for the devs, the investors also who took part of the ICO would benefit it.

What makes you trust them? I would be very careful with that approach unless they have some solid experience with oldschool investments. It's very easy to pick bad ICOs, even if there are some good ones.

Oh wow I was searching for this thread since I joined the altcoin section. Raising more than 10000 ETH just to develop an application or I would say a "platform" that is seriously too much. Creating an ERC token and completing with all other requirements takes just around 1 BTC at max. For any type of best project development just give me 500 ETH I would surely come up with the best startup app you can ever get. These ICO's just try to steal people's money and thats it.

ICOs raising too much because it was made exactly to be like that and when the developers are satisfied to the investments they will eventually dump the project and take away all the investment and you will get rekt so stay away fro these ICOs.

If that's your only experience with ICOs you haven't put in enough effort to identify good ones. There are numerous out there that are serious and in the future there will be even more. Of course, a lot of people will "get rekt" in the process, but that's not because of ICOs. It's because they throw their money at anything that sounds big instead of doing deep research before choosing.

True to that. At first I didn't know what to look for in an ICO project but corrected my mistake so I would not get rekt and did research not just on the project and read the white paper but also did more digging on the team itself and help me lessen and chose which ICO are worth it. There are still a lot of great ICO's out there and are legit but you got to do the work before investing and wasting your money on a hyped ICO.

One thing I've learned in the ICO's and altcoins world is that it does no matter the amount they raise but the project itself. You can take by example the NEBL coin which has raised 500 BTC in their ICO and now it's worth more than 20x ico price. Or you can see ATL ICO which raised more than 15M and is worth -60% ico price and it's on their way to be a scam apparently. So it's very subjective ICO's rasing too much because in the end they have nothing to show us but marketing.

I agree with OP. I think ICOs set incredibly high hardcaps, only because of greedy flipper investors who make this behavior possible...

It's also a good idea to research the targeted market of the ICO and its size, as well as the potential competition. That gives you a good idea of how much the project might be worth at different points in time.

Like one ICO from Israel (Spheris ), yes they set hardcap too big so ICO did not succeed.
this is very important for ICO not to target too much achievement.

This is the time of the greed. ETH ICO raised the nice amount of money and also gained the trust of the fellow investors. That particular ICO started a chain of other projects raising funds to cover the expenses of their projects. Many developers in this situations are starting false campaigns that are closed after the end of the ICO shutting the door to investor and scamming everyone involved. There are many scams and many of developers see the easy money that they can gain easy with investors backing their projects. Many of them want too many funds covering not so promising projects and to evade investing in that kind of projects only solution is to make a deep research and invest smartly and with caution.

You right, sometime they raise more than what they need, and those ico is not care about early investors profit.

I am not sure about the change on ICO

But ICO has changed, previously project could be successful although it take long time to finish the roadmap.

ICO now works different, everything is changed. People look at teams, project roadmap (People want it done as fast as possible, as everyone is looking for short term flip). And ICO now are calculated in millions compare to the olden days where only range within Hundred-K (Its alot in the past 2 year)

I think so, ICO is too big in determining hardcap target. I do not understand why ICO needs too much money, whereas there are some ICOs that are still just plans and dont have working product yet. The money is in use for what, probably all ICO should reduce the hardcap targets and maximize the quality of products that have been planned to give more benefits and  profit to the investors.

On the other if they would have a working product, they will not a need get money from ICO. I would like to see more team that have working product and want to raise some money for expanding but it's just a wish.

Of course not all of them. I think you are right in that it is simply just greed and for me too it is often an indicator that the project will not be too successful. I just feel like there should be something that can be done to curb it in such a way that they are only raising amounts that they really need. Of course for many investors it is easy to identify when an ICO is asking too much but for other investors they do not know such things and just see it as the norm.

Yes, but not all. Few ICO want to raise more than they need for the project.

The amount of money ICO may be asking for may seem to big but when you look at the scope of the idea be presented and the market they are trying to reach, such raised amount might look insignificant in the long run.

HAHA, EOS is a perfect example of super greedy ICO. I don't think ICO need THAT much money for development at all...

ICO's goal is to collect alt-coin lots so it makes sense to make a very interesting thing for their ICO so that many follow it

There were some ICOs that were trying to raise too much. take Trade.io for example, they wanted to seel 200-300 TIO for 1 ETH. Now the realised the mistake and made a change, right in the middle of the pre-ICO. 2500TIO = 1ETH. Better to realise sooner than later.

i believe that icos is the future. . everyday is getting bigger and bigger the icos team

I think they are just trying to do some estimations and they have such a great confidence upon issuing the price of their ICO because they think that this will be popular to the community upon advertising it with regards to the price that will attract many potential investors and consumers. I think it is not because of gree but maybe they are just too confident that issuing that large price will make people really attracted into it.

Before launching successfull ICO you have to spend more than 300 000$ only on marketing. And here is still much risks. So it's not interesting to rise less than 5 000 000$, I think.

Yes, the current ICO project does take too much money, and a good idea worth tens of millions of dollars? This is clearly a speculative game.

I think that most of these ICOs raise huge capital for greed while there are some of them that had raised that much as rough estimate and know wrong intention .The new fundraising dynamic has helped companies raise more than $1.7 billion this year to date. Huge sums of money tend to catch the attention, but experts in the industry argue that there’s far more to ICOs, also known as token sales, than simply the cash. Finally,
there are many ICOs that are scam simpily because of these huge cash raised in the genuine ICOs.

Recently I've been seeing the same too. Some of them justify by saying, some amount of ICO will be used in getting their tokens listed on major exchanges, and the other part of it going towards the development of their project. Someone mentioned too above, they ask for $10M even though their requirement is maximum of $1M. So yeah, ICOs are raising too much these days.

But it seems that ICO's now aren't really can be trusted because of having affected by some scam project. It's really hard to speculate which one will stay in the market and which one will keep on moving. But I'll still believe some of them will show their competitiveness and go further. The big factor that may affect their lifespan is the community, as they provide a good project then probably people will keep it promoting.

And BTW I forgot the fact that lots of ICOs even do not spend money on marketing because they start bounty campaign on forum that is paid in their tokens!

Yes, for now, just a ICO project is prone to tens of millions of dollars, this is a game of speculation, it did not need so much money, FortKnoxster this project is very good, need money, but just a little.

Yes, they try to raise too much money this days, if you look at the old days where project like nxt , neo and stratis collect less than 1 million and still doing fine with that kind amount of money. ICO nowdays try to raise as much as possible and i personally avoid something that set the hardcap way more than i think is enough to run the project.

Yes, put me off to for some ICO have so big cap while not really 'have' that.

I'm unable to put my head around ICO, Airdrops, Forks, I feel Emotion when dealing with blockchain technology. So unsure if something is 'too' much.. Everything is 'too' when using 'too' , maybe 'too content' is ok.

regards,
Onedb

Edit: forgot the FoMo feelings...

It's a form of crowd funding, this can be related to the cryptocurrency network or it can be related to the real life necessity. Here the importance and the uniqueness add the market value to the same and this raises good capital market. Also majority of the projects function with legitimacy, so nothing to indicate this to be a flaw and that to be good.

I think ICO's do try to raise too much. But sadly it's a symptom of the ICO world.

If you are running an ICO and you are seeing that some ICO's are raising over 100 million, why would you not aim for that? You could scale your business / altcoin to another level.

But also it is greedy and it looks bad towards investors.

Truly I realize that they are collecting excessively cash and contributing increasingly, extra to that they are likewise gallant on finding numerous speculators and purchasers of their mint piece, that is on the grounds that they have so many members and they would prefer not to baffle their bouny seekers by giving little sum

LBRY did not have any ICO, and was VC-funded (Venture capitalist, look it up)

They received 500,000$, which is very modest compared to the sick "bubblelicious" amounts other ICOs have gathered.

check out https://LBRY.Community (https://LBRY.Community) for the new community page

or https://lbry.io (https://lbry.io) for the official page for the LBRY App.

Creating an ICO can help them accomplish a lot of the goals they want, and they can make a lot of money from it. Thus, the massive and uncensored ICO's emergence leads to more and more virtual currency, junk and waste of resources.

Of course, it is difficult to assess the idea of ​​each ICO project, but there are some cases where their cost was clearly overestimated. On the one hand, the team may be reinsured against unforeseen expenses, and on the other, there are clearly cases of manifestation of the greed of these individuals, because sometimes they see a real opportunity to collect a much larger sum. In addition, I think there is an important role here and, as it were, an external prestige of a large sum to show the grandiosity of such a project.
     However, in any case, the ICO is necessary and useful for the community and for the development of the crypto currency.

It's alright for ICOs to raise much higher. This will benefit them and the potential subscribers. But their main objective should be serving the investors first before thinking of their own gain. Happy customers will be happy members.

I think there is an important role here and the ico is necessary and useful for the community.

Yes indeed, most ICO try to raise a lot of money then they might ever require. But I think there are few genuine reasons to it.
1) Cost of conducting an ICO has hugely increased, especially in marketing, development, legal etc.
2) Many ICOs keep in mind the future costs of the project and not just current costs.
3) A big target makes a project look more advanced and catches more eyeballs.
4) In the past many projects have gathered quite a lot of investments. So there is obviously a comparison going on. For example if A ICO gathered $5 million, then B ICO aims for $10 million in order to show that it has more community support.
5) Then there is one more thing. There is a common saying "aim your target higher than what you aim to achieve". So if an ICO wants to gather $10 million, it will place the target of $20 million.
6) Obviously there are personal interests of the devs and team as well. Nothing is free in this world and no matter how much we say we are selfless, in reality we all humans are selfish.

As per your question of what we as a community can do. I think instead of trying to bring expectations back to reality, we must choose projects which tend to bring more value in the crypto and non crypto world. As long as we will invest in pump and dump projects, we will see more and more scammy ICOs. Choose projects based on their potential, team, mvp etc. rather than how easily you can dump the coins.

Anywhere between $7m and $15m I think is a reasonable figure for ICO capital raised. Most of these business ideas will require a full staff of people to make them work properly as well as renting offices. ICO like Tezos where a little ridiculous and its for the best that those days of hundred millions raised are gone.

It may seem ICO are targeting unrealistic amount. However, we should realize ICO market is a global market. Maximum cap can do wonder for the kind of money that will be raised instead of limiting expectation.

I also think it is a yes. and some of managers are too hungry for those coins raised and scamming us bounty hunters .
they collect many and 20% only is allotted for us who make their campaign great and promoted . but thankful ofcourse because of them we all have cryptos holding and trading now. very well said . but if the ICO is legit and true it will be a good perspective by others

The amount which ICO want to claim is as you mentioned above only the reason nothing else. Time is the only solution for the best results.

I think many ico are trying to raise too money, though they have a very big roadmap and seems a lot of things need to do, in my opinion, more than 10000ETH or 70000 dollars is too much for a medium ico project.

Yes, an ICO project of more than $10 million feels like a big project, but now the ICO project is easily worth tens of millions of dollars.

I can’t speak for all of them, but it’s absolutely a must for some.
The new lending platform for ico’s - hedgeconnect.co for example

What they do is, choose for you and the only way they can unlock the top level bonuses. So they need to have the top numbers to work with.
I’d recommend this company for newbies and for those who only have a tiny investment. The thing is that you will get an income with them guaranteed, rather than choosing 1 coin and hoping for the best.

Their ico is not until Jan 20th, so it’s a couple weeks away and their site is still under construction
But this will be a monster and I know they’ve got a couple big name promoters signed on for January
And a big partnership in the works

Definitely yes! We have seen so many project this year that have raised incredible amount of money in millions and yet they have not been able to come up with a product in spite of all the money they have gotten!

every ICO should have a clear business plan that includes projected costs, I will invest in the first ICO that provides visibility on the costs side and will be able to justify the ICO cap based on projected costs.
every business in the world runs like that ... 

 

You actually did a good research on this,sometime some of the ICOs have good intentions to make use of the money raise to fund the project name but it seems 90% of the ICOs are really fake and with greed,and this is going to make this difficult.

ICO is a good rescue for projects but sometimes i wonder if the sources of fund were no more there again. Good project will most times get the initial fund but raising that large size of fund can upset the projects and the team. I hope in the future a level of project must have been accomplished before ICO, it brings a level of trust on the project and its success.

Indeed, a project does not need so much money, so much money looks more like a scam, and maybe there is a big bubble in the ICO market right now.

Yes, Every ICO must have a transparency  when it comes to their goals,  and must show to the investors what they are planning and raising the money for and what could be the benefits of the ICO in the industry,  most business run like that nowadays.

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what a scam.. ;D

Some have tried to over raise capital and try to take advantage of unsuspecting people who are new to investing in general. I have seen many over sold ICOS so I prefer ones with smaller marketcaps to begin with as they also have more potential to grow. Some ICOS though have raised the proper amount of funding for their projects, because some need huge development and are very ambitious with new technological breakthroughs so it all is relative.

I feel that most coins are trying to make money from people thinking that new money is being put into the ICO's.

I do not presume to state with sufficient accuracy, but it also seems to me that many ICO project developers are trying to collect more money than is necessary to implement the project. On the one hand, they may be reinsured against unforeseen expenses, on the other hand, to give importance and importance to the project itself. Of course, sometimes the role here is just the greed of these developers.

For many ICO organizers presentation of their projects has one exceptional aim: make much more loud and do nothing after. This is the way of collecting money and keep for own reasons. No other things they do.

As any other business in the world, each party is putting a markup on their price for the purpose of raising capital by increasing profit and minimizing costs. However, I also tend to believe that some ICOs are overestimating themselves in terms of pricing, which is ridiculous. There are some ICO projects whose costs are understandable to a certain extent, as their profitability tends to be efficient. Cointed, for example, has adopted a lot of ICOs which are effective in the long-run and are increasing their funds substantially, without harming their current profit. However, there are many other ICOs that are simply abusing their name and increasing their price, knowing that they are the "new thing".

I know that they try to raise money more to know if they gain popularity but the basic reason is wanting to be listed on a market.  They must maintain a certain standard to be listed in an exchange. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting or a failure in their project.  ICO has to proved that people do value the new coin they create by gathering investors and to attract established companies in order to establish a stock price.

I agree with your statement. Some ICO's are aiming to raise a stupid amount. The issue I have is that people assume because a ICO raised 50 million it will be more successful and gives ICO's a bad name. The most important thing is a successful ICO is the product, not how much their raised. Sure it can help them scale and develop but if it is a very flawed concept from the start no money can change that.

I also see it from the other side of the business as well. Why wouldn't they aim higher than they need? Sadly greed is a human condition and I get why some CEO's will aim for 40 million instead of the 5 million they need to make their project workable. Also I think people seem to mis the fact that because of the inflated amount ICO's are raising everything connected with ICO's is very expensive. I am sure that to be advertised on a ICO website, get on an exchange, bring in blockchain developers or even event market will be substantially higher than other industries.

Personally I stick to ICO's that have a low hard cap and have a good concept.

Well ICOs are created to raise much money to fullfill their greediness,most ICOs are raising money then disappear into thin air.

it seems to me that you do not understand many factors. plus, the money for survival is designed for a long period, sometimes even for a year.

There is the common view that if a project requests large amounts it means his cool and surely its tokens will rise to the moon. ICO's practice shows that this is completely wrong. Basically, those projects are being pushed into the tops
that have requested adequate price. :)

Well if the project is solid and legit with already a product available , then why not ? No one tells you to invest into them , so why are u angry with ICO's ? I dicovered CEDEX and to be honest , I'm investing into the ICO because it has a huge potential for the future.

Yes, I feel that some ICO's try to raise too much and believe it's because of greed. Some think it's very easy to raise money through an ICO so they set a high cap. To fix this, the community needs to stop simply investing in ICO's without any prior research conducted.

ICOs raising too much because it was made exactly to be like that and when the developers are satisfied to the investments they will eventually dump the project and take away all the investment and you will get rekt so stay away from these ICOs.

I do think so and they then put too much pressure on themselves to preform.

But I also see it from the business side, if you can raise more, it means you can develop more and have a longer runway before you start to profit.

I do and sadly I don't blame ICO's but greed of the startups.

They are already raising a lot without having to sell off any equity so it is just sheer greed. A startup that gets 5 million in a month is a stupid amount of money, so why do they need 40?

I do feel that sometimes they do aim for too much, do you really blame them?

If you are owning a startup and you can make 10 million or 20 everyone would go for the 20 because it allows you to grow quicker hire staff or market more. The issue is when they raise a lot and do nothing with it or go missing.

Yes they are raising too much money for the project,softcap and hardcap mostly are being raised,they are gaining too much and if the project fails most of ICOs wont give back your investment that is the risk.

Thats right,  some ICO 's are even extending their sale period to accumulate more,  thats why i really take the time to study before i join any ico just to make sure that its worth joining. 

ICOs have bigger and bigger caps, that means more and more people are coming into crypto world

For me it honestly depends on the project and what they're trying to do. If you're looking for a low market cap, look into the bee token. Their crowdsale is 1/31. Their overall hard cap is $15m (crowdsale $5m). The idea itself is pretty cool too. Blockchain-powered Airbnb. https://www.thebeetoken.com/

Maybe. Or maybe not.
Maybe some whales are became bigger so they're ready to put into ICOs more money, then attract a herd of newbies and make money on them telling "look, the cap is so high but we reached it, that ICO will be 100% successful and all the clever boys invest in it". Then selling their coins/tokens and having a profit.

I do think that they aim high, but I cannot blame them. It is human nature, the issue that comes with that is more pressure to achieve more. Investors don't seem to understand that most of the ICO's only have a concept and not the product and so when the ICO is finished, they assume that everything is up and running from day one.

I don't think so. I think it is just fair for their part to raise the amount that they intend or plan to do. Come to think of it, if it benefits our fellow cryptocurrency holders then I have nothing against it. Especially, to those people who makes a living because of campaigns and ICOs.

A lot of people invested in the ICOs projects due to it is one of best way for investment in digital coins,  I don't think the ICOs try to raise too much due to the growth of ICOs funds is something normal, today is era of investment in the ICOs and it will be more bigger in the future, like or dislike the investment into the ICOs can not be stoped it is new innovations in investment and i think it will replace traditional investment like IPO on stocks markets.

Wait until telegram will gome with 3-5 bl

Well it goes without saying, it is an investment after all and money is it's life blood.
I would have to agree, they are raising too much. But maybe it's for the good of the
majority to achieve or attain such a goal with ICOs. It can be somewhat considered a
indication of success, a safety net even to fund, extend and propel it's purpose. The
popularity and rise of cryptocurrency might have played a role which contributed to
it's higher funds and demands. Perhaps more is better than less.

This is a good point of view...yes ther is a lots of ico's raised more than the project and the devlopment need

Every ICO has different concept, so i cant tell that ICO want to try raise much money. I feel curious with ICO that give High Cap but the close date not long than 3 months.

In fact, there is nothing wrong with this, they are waiting for what they can get. Creating an application or trading platform may not be so expensive, but they must cover their advertising and have a stock.

This move is a great move by any ico, and i find it really amazing they need to give back to their participants what the participants deserve so for me this is a good move

Earning or profiting possibilities is always there this is why ICO investment is booming up but if you tried up to read up on whats op is asking on then he pertained about on raising too much funds which is more than on the amount that they do need to let that project be built up.I don't know whats their basis on having those high caps but its none of our business since they are the ones who do make crowdfunding and as an investors its your choice if you do want to jumped in or not.


Higher cap doesn't really necessary to last long compared into others because there are some crowdfunds that do easily reach out high caps on a short period of time.It does depend on how people would tend or decide to invest on.

Yes most of the ICOs raised way too much money than required. Recently some social networks ICOs raised around 6million. Which shouldn't even cost up that amount.

I think if there are ico who want to collect too many Funds will definitely run long So create a separate concern for someone if you want to participate Because if the ico does not reach the automatic softcap the token will not be distributed And the participants did not get any after finishing it.

i believe that ICO is the future in 2018-2019 . everyday is getting bigger and bigger the dev teams in the worls and we have so much money when join bounty of them

Absolutely.  The amounts that are being raised now make no sense whatsoever, especially when you take into account the fact that most of them are just regurgitating the same ideas and using open-source code from previous projects.

ICO sometimes  come up with huge target that that you wonder what they need such huge amount for.  I think when huge money is involve in a project that is suppose to be decentralized with no regulations or any form of accountability  fraud  and  inefficiency is inevitable.

I think its depends to the project if this is good to rise or not. High than 6m needed for that.

So if so, i think the project in the past has the developer who not greedy to raise too much money.
But i dont even understand why they need so much money to develop their project sometime more than 50M.

The amount of money ICO may be asking for may seem to big but when you look at the scope of the idea be presented and the market they are trying to reach, such raised amount might look insignificant in the long run.

Because in a "stupid" market, it doesn't give you integrity to have collected too much money from too many people. Modesty should go a long way. But it doesn't. 90-99% of ICOs suck.

Precisely that, after a certain amount the money is not needed. Any business should be able to make an accurate financial plan that details what finances it will need and what for, this will of course include a contingency and such but no business should need infinite funds. The return from additional funds is depreciating. If an ICO cannot say why they need 50m instead of 20m then they should not receive the additional 30m.

Sure some ICO's may be asking for a lot, but if you believe in the project wouldn't it be worth it?
Also the more money they raise the more they can put into the project itself. If the minimum was say 2 million dollars for the project; sure they could make it work but they could make it better if they got 4 million dollars or more. Then they need to cover all sorts of other expenses, like advertising, staff, etc.

I agree with that because many ICOs have raised huge funds and they neither developed their coin. Many ICOs only get fund for fun without executing their roadmap.

You should raise money with the ICO which is necessary to fund the project, not to make money !

I believe it is due to both things - some projects are indeed amazing, however, their value is overestimated which leads to rapid boost in price, which is beyond normal. Additionally, some do it out of greed because the core idea of ICO's are to raise funds for the companies that launch them. However, there are many ongoing and upcoming valuable projects that are either non expensive, or their value is worth it. Such are, for example, Cointed, Giftz, AgroTechFarm, and Beat Token. All of them hold a lot of potential, at least in my opinion. Check them out, in case you are curious.

Nope nope nope
Do you really believe they need that amount of money for a project which needs like 2 years before the actually launch any product? They are just greedy, they dont use all the money for the project, Im pretty sure of it. They are asking a lot more than they need. Vitalik butterin already aware of this thing.

I hope there will be new methods in raising money for new ICOs

Yes, so I think most ICO projects are now a fraudulent project.
These so-called traditional projects don't need to be done with blockchains at all. I think they're just trying to raise new money, so it's no wonder facebook is banning the launch of ICO ads.

I understand that, I also do not know why most ICOs can run with some funds but they try to emphasize with big hardcap, but most of them only reach 10% or more of the hardcap they specify, but for estimate I'm sure their side or dev have calculated all.

Why not. ICO now caught the hype. People love everything popular. And they will put money in it. Accordingly, the creators will use this. But on the other hand, if the project is potentially successful, then let them collect at least all the money in the world))

most of the ICOs are trying to reach the project target's limit that's why some are trying to raise that much, some of them prepare for it; make real and serious studies basing what are the trends and who is their target, most of all they have considered what is their project for!, but some are just too ambitious to raise too much without putting a backbone on their project.

There's a lot of hype in tech in general, not just within ICOs. In general I think they do raise too much. Part of the problem is the need to hype. In business, it's hard to get any funding at all if you say, "We have a conservative plan to do XYZ." Everyone wants to hear that you're going to blow the roof off the house.

Yeah mate, ICOs became something strange, a lot of projects try to raise too much money...question is if this will change in the future especially when cryptos begun fall about dozens of %.

it may be the result of greediness or strong believe in a startup's success:) and you never know what an ico's team was thinking about while planning the budget. They might have thought "we are gonna rock the market" or just "why not take more".

If ICO try to raise too much with unclear path forward, that's a BIG red flag !!

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Agreed. I think most ICOs are way too greedy and try to raise more than needed (and succeed in raising the money in a lot of cases). The ones you mentioned (Cointed, Giftz, AgroTechFarm and bee token) are exceptions, the few legit ones in a sea of greedy ICOs

Beat token? or bee token?

Altcoin will eventually increase but not for this season, Bitcoin is already overrated in terms of value and price and I'm sure Altcoins has a good future and should be enhanced market cap and coin prices but it will all depend on the core team.

I think so too. More money = better advertising, better developers. Better everything. Of course, granted that people behind ICO have a broader vision than just to collect, cash out and make a mediocre product.
Thus, people should invest more responsibly. I see tons of people who know nothing about the product/ICO and just buys coins/token in hopes they will ride lambo in a month :)
As long as there are such people, we will have zillions of new ICOs every day popping up.

Projects are trying to raise more money, because the price of the crypto currency is too unstable and at the time of the end of the ICo the exchange rate may drop significantly, which will lead to a shortage of funds for the project.

You're right man, the more they rise the more they spend, however would be fine if they set their soft cap according correct numbers and make sure investors what they will handle those money. To be more specific would be fine, not just say we use 10% on promotion etc.

ICOs raise too much, that I agree. but its a good approach just in case they dont reach their targets the project can still be viable and they can still meet up with all their ad and bounty campaign payments, and I guess this approach is working, thats probably why we have uncountable ICOs now trying to raise too much.

For most of them, Yes! Actually, there are three types of ICOs. One type, a company has a product and decides to use blockchain technology and produces its own token.( They really don't need to raise incredible amount of money). Second, a promising project but in order to be a fully functional, they need a lot of money ( for team, technology, maintenance, marketing etc.). Third, scams or manipulators (offers fantastic solutions but do almost nothing thanks to good marketing. They say they need a lot of money as well).

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most of them claim too much in their caps.

i guess that they do it because we allow it as a community. but the fact that a lot succeed at it and their token provide profit for investors proves that they might be greedy but they probably had a good application or idea for this community and it's a win-win situation.