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I've been looking into ICOs recently and I noticed that ORCA raised 1.5 million dollars in 50 hours during the ICO's first round. Is this typical in the current market state? What does it say about the project?

where have you seen this? could it be just a nice tweet or something, such speed is not really common nowadays

that's actually quite impressive in the current bearish market, I'd say it shows that the project has enough clout to raise funds AND that they set their caps with adequate market state evaluation

They posted it throughout all their socials, probably Medium is the best in terms of info:

https://medium.com/cc-connecting-crypto-with-banking/good-mood-better-start-early-round-cap-reached-in-50-hours-529375e04537

Simply the project has really appeared worthwhile if has collected such means for the development

It seems to me that this is a pretty good indicator of what the situation is now on the crypto market. Now many projects are not able to raise 1.5 million dollars a month, but here they gathered for 50 hours. It seems to me that this is a good indicator.

Base on the post history of OP, he's part or a supporter of that ICO so he knows almost everything about it.

If this project is really good, than 1.5 million USD is nothing! Look what happened to TheKey when they started the ICO sale - website has crashed due to many investors :D.

In this current market situation, collecting 1.5m in just 3 days is such an achievment, i followed many ico in last six months, ive never found an ico can collect 1.5m in just 3days, but maybe ive missed some icos.

I'm a fan tbh, just quite surprised that people would invest into an ICO during this dip, maybe this is something more special than it may seem

exactly my thoughts, i really thought it's just a clickbait you know

Yes, it's possible

not really . There are many ICOs that attract investors from the first round but many ICOs still can not attract investors, even though they have a good advertising program.

yeah but then there are way too many projects that set insane hardcaps and then shut down because of inactivity

If this information is true. Then this is a very good and very powerful ICO. In the 50 hours they can get 1.5 million $, it's really a down market. ICO is no longer interested in profit for investors

What ICO collects $1.5million in 50 hours? Now people have lost confidence in ICO, because most ICOs break after listing, so ico financing is getting tough, I don't know if you said is true, if it is true that ico is very powerful.

It means that there are still people who are investing to ICOs. TBH, I haven't heard that project but if that really reached $1.5M in 50 hours, that's impressive.

**I'm not an ICO investor.

What do you mean?

really that is quite impressive but when it will go on exchange what will happen i always think about it...

is there any way to predict a project's exchange behaviour before it's listed? Any tickers or signals?

This has no proof but i have to agree on this since almost the ICO right now when they got in the exchanges the price started to go lower than the ICO price so I think this is one of the reason why investors are staying away from the ICO but since the OP said about how much money already raised by the ORCA project, it looks like more investors are still hoping to make a good run in this market. Honestly, I never heard anything from this project but it looks interesting, will try to dig more information about this and invest some when I see a good opportunity.

Is there usually proof of funds being raised? I mean other than checking the ETH address on ethscanner

offcourse its possible but a lot of ICOs are getting fiat money from big capitals who are supporting the project. At this time this is only possibility because its hard to get money from ETH since its down so much. The only way to promote on conferences with big capitals

i was really sceptical too when i read the post but i've looked into the project and i'm surprised how i skipped them before the first round has finished

Most of the icos in current bearish market are struggling to raise good amounts of funds as compared to last year so of this project has been able to raise more than a million in a matter of couple of days then it is definitely good going.

It looks not a good project, the over hyper project will raise its hardcap instantly even in some minutes and you can see that how QKC, ZIL or even ONT have been doing it.
It said that you should try to search for another better project. a lot of people still not aware about that.

Verifiable data and figure is needed in crowdfunding,  ICO space!  The market is bearish and the outlook is bleak for most project looking for funding and existing coin wanting a rally for value appreciation. It is therefore surprising that a single ICO achieve the funding feat in less than three days!

but then again, how do you indicate a good project and a bad one with this logic? i mean the fact that it collects the hardcap is still a good indication for the project in my opinion

Can you tell me which ICO ? No ICO can do that now it is very difficult for a large amount of money in a short time. If I really want to participate in that ICO despite the current market situation

well i looked into ORCA after they raised 1.5M in 50 hours, open banking platform sounds really promising to me and judging from the first round not only me, it seems

I tried searching. and according to my judgment. That is quite impressive speed in an unfavorable trend in the process of raising capital in ico. However, they announced ANN quite early in 2017. And they were perfectly prepared for the mass-market process, possibly for a long time. However, they need to create a strong competitive edge that includes AMN, SFU, ARAW, MCB, etc. But congratulations on the success of the ORCA (Presale)

The project conducted a successful marketing policy before opening the token sale, this contributed to the success and rapid fundraising. I think they did the right thing, the main thing to be patient and wait time, good advertising-patience - start was the key to successful sales.

Do you mean ORCA Alliance? That's an old project, but just recently start their tokensale. Their team is big and the project idea is fine, no doubt they can raised 1,5 millions in 2 days while the bear made market bleed. But, there is other good projects as far as i know and i think cryptassist is one of them.

1.5 Million USD in just 50 hours is not an issue. It can happen, it happened in some projects in the past. But the credibility and trustworthiness of the team should be determined first before fully believing. I remember hashcard, a scam ICO before, it says in their website that it has raised more than 3 Million and continues to raise more every time I check, then turned out to be a scam.

It's rather  hard  for ICOs to reach a Soft Cap on a bearish market, not saying about a Hard Cap. I would recommend you to invest only in reliable ICO projects that are about to reach their Hard Cap.

It's normal in crypto to achieve that rate of earnings in ICOs. I have invested in some ICOs that have reached softcap and even hardcap in minutes the token sale was open. It only means that the project has great potential and there are many supporters in it.

Hmmm don't really trust ICO sale meter.
Sometimes it's just fake for baiting new investors.
I've ever joined an ICO that 40mils USD sold in less than a week.
But when it enter the markets, the token is less than a half of ICO price.
So, stay safe.

Here there is nothing surprising, I personally watched as one of the ICO projects collected 35 million dollars in less than 1 minute.

For the first time I heard about the project you mentioned and I did not find much research with the reason of intensive work tempo, unfortunately. If this project is a really successful project, it is quite normal to collect investment as quickly as we can guess. It is often the case that many progeny who have really good quality teams collect money quickly. This project is also very normal if it is to be passed on to the market with a quality workmanship and a good quality team. It is worth noting that this is a huge success, especially considering the current market situation. I will wait for a suitable vacancy to conduct research on the project and to be traded in the stock market. If there is a profitable project in the middle, I would like to get my own part from this cake.

Impressive. This will gonna attract more investors to participate on their ICO such milestone is a credit to the team. Let's see if they can collect more in the coming days or hit their hardcap.

Now the market looks like it's going to be hard to get an ico within 50 hours to $1.5 million, the heat on an ico has dropped to very low, and a lot of people feel that the earnings from an ico are so low that they're already reluctant to invest in an ico.

It is hard to believe that speed in current markets so probably better would be to check it yourself is it legit information or it's just a fake, I haven't heard about that before... It's always better to check it twice.

Some ico may involve internal investors to attract more participants, and that usually happens at the beginning of the implementation of ico.
But of course there are really interesting projects, and if one or two weeks is still consistent, I think they will really get maximum support.

wow, that is impressive beyond my imagination, congratulations to you

this is really impressive in the current market situation. the project seems to be promising. thanks in any case ever for this note. otherwise i would not have noticed the ico.

exactly, i do check both the team and the whitepaper of the project and all that, for now all my research shows me it is a legitimate project and i'm not the only one to think that. i strongly believe that only a very promising project would collect this money in the current market

yeah, exactly, this is what really surprised me about this project

That's surely because of their project is good.
Come to think of it, I have seen plenty of ICOs which was easily touched its soft cap or hard cap within a less than a hour such as ArcBlock.

This is just an excellent result, given the state of the market. In recent times, projects collect very little money.

If that's a private sale then you can collect that huge amount of money in a single hour, but if this is a public sale then this project is back up by a big institutions. Remember the fastest they get the hardcap the better ICO.

That ico has a good platform and the developer is maintaining the project very well so you should invest in the market because the price will obviously pump after it will be officially released.

Even though that can't be used as a guide ico will succeed, but I think millions of dollars in two days is a very good thing for now.
At least the project will achieve softcap, which is a good thing for any project, and for the participants themselves.

with success in raising funds in just a matter of hours but it is not a guarantee if the price of coins will be expensive when listing on the market, because I also see some time ago an ico was very unusual because in just 2 hours they could collect 5000 ETH but when This is a very cheap market at volttech.io (https://volttech.io/)

Maybe their project is very good and supported by experienced teams and advisors. Only a few ico can do such a thing. This happens to Savedroid. but I don't know the details.

I haven't stumble that ICO but if the project is really a good many investor will be attracted to invest, it's so hard to raise funds for the ICO now, because of the current market situation and investors prefer buying when the coin hit the market not when it is still in their ICO stage I'll will look at that project and see if it is really that good to be able to raise that amount.

That is great. The project must be great for people to be so interested in it as much as that. I participated in their airdrop campaign but did not give it much time. This your post will make me revisit the project.

too much. But this project is very long and long I believe in this project

basically, there are some legit ico that can be followed if we can choose ico well. Good ico must have a good team to handle it too. with a good team, the promotion is also good and investors are interested in joining. when choosing ico we must really understand it well so we can get legit ico.

If that really happen such project will look very promising. Maybe the problem they have to solved in the Crypto space, most of the investors like it and from the analysis from whitepapar you can know when project will be promising or not. But always play a long with card because anything can happen.

Thats not the first ICO who has done magic like that and also raising funds quickly doesnt mean that they are very great at what they are going to do. The first things first, there has been ICO's who have reached their hard cap within one day also. I can remember one ICO who reached its soft cap in just few hours and it was more than 20 million bucks in just 24 hours, the name is IPL ICO. I guess its no wonder how people throw their money over the new ICO's because they always think this is it, this is the ICO which they need really. But always this is not the case and they may spare you apart in later times. Im not sure whats your conclusion from this but you should be making decisions based on project quality and not quantity.

$1.5 million in just 50 hours or 2 days? I think it can happen if the dev has a good plan of the ICO and they have a strong back up in their project and they have a good project so they can get much of investor. but it's only a few ico that can do this because right now, it is hard to collect a big money from the investor because of today, many ico that is trying to collect the money and then run away. so I hope that you can be careful when you decide to invest in any of ico and make sure that you know almost everything about the project and you are sure with the project.

If ORCA runs ICO via public smart contract and shows that they gains  $1.5million in 50 hours, you can believe it. If it is just the number shown on their website, you must not trust, it can be a fake number. Many ICO using fake collected number to cheat investors. Be careful!

While still there is a good investment. This shows that investors have not lost interest in ICO projects, despite the difficult situation on the market. However, most ICO campaigns are now suspended, postponed or extend the ICO. During the extension they try to seize at least October, this month the market should already grow well in price.

I believe this is not true, people now do not believe ICOs, because most ICOs are scammers. And investing in the ICO, especially so actively, very big risk, maybe even just stupid.

Or that there are a lot of fools in the ico space, which what I think is going on.

Investors are all hoping to discover the next big thing, the next bitcoin.  They're chasing the gains bitcoin had in its first few years of existence.  I am not surprised that this is happening, but it is a foolish way to invest in anything.  None of these ico's are going to be the next bitcoin or even the next ethereum.  A lot of these investors have more money than brains, as they say and if this particular ico raised that much money in that short a time, this proves my point.

I do not think that now it is possible. However, everything is possible, but it must be a really serious project, with a lot of advertising. I suppose ICOs do not want to spend money on advertising now.

I don't know about this project, but raising $1.5 million in 50 hours is still normal. There are many projects that don't even take so long, especially last year, when ICO was really crazy.

well
its normal for now ,
i mean , if someone see the project is promissing , no matter about what happening on market right now.
they will joining the ICO.
About ORCA , the banking platfrom is something good.

the funds collected in ETH can be checked online, though ORCA also accept two other currencies but the tendencies can be seen through there. same goes with the smart contract. if you're interested in a project it is not that hard to check it on your own i'd say..

yes, i'd agree, now is actually the time to spot the gems that will get big as soon as the market goes up again

That was amazing! I have never made such big money in just 50 hours. It is a good and successful ICO project. But not all projects help you make that money. It's not easy, sometimes it's the scam of investors who want to attract capital.

how come? the market will still get back high so right now the quest is just to find the right project to invest to. moreover, you can always check if the number they announce are legitimate or not

This is a very good indicator of the state of the crypto market at the moment.

There are many ICO's that attract investors from the first round, but many ICO's still fail to attract investors, even if they have a good AD plan.

Many excellent ICO projects can do this in a very short time because they can attract a lot of whales/sharks, and I have seen even more shocking IICO financing!

The team of the ORCA project is good! Now very few projects can collect such amount for the entire time of the ICO. If the project really has a great potential then it gathers money very quickly.

you're right but also there are many ways to check the credibility of the project, just a careful research is needed

1.5 million is a small amount for a start up company with ground breaking technology.  Considering that minecraft was sold for 2 billion dollars which is almost 2000x that amount.

The same goes with fake volume statistics on certain exchanges. Always look for proof and don't believe at the first sight.

What a lousy comparison, Minecraft had a working game that was being played by millions of people, thus deserving the 2 billion dollar valuation.
I really can't say the same for this Orca ICO, time will tell I guess.

but do a platform project and a fully working game compare? i see some logical mistakes in this comparison

"ORCA is the first Open Banking platform designed for crypto users. It functions as a customizable, easy to use gateway into the crypto-economy for both advanced and amateur crypto enthusiasts" - it's obvious that investors believed this project, it's wonderful! Such a successful result of investment levies suggests that the project can very quickly collect a hard cap, so those who want to participate must hurry!

Its true when people have big interest to ico then it can make the website overload so if only 1.5 million is nothing.
But now we talk about the recent condition. In this condition, all investor is still wait and see and any investor pull out their money so not so much cap now in crypto. Finally get only 1.5 million in short time is already good thing

i was truly sceptical to invest in anything in this market condition but it's rare to find cases like this that make me change my mind, i'm sure they would have raised much more if this was happening a year ago

That sale is even low, ico sell out faster than that when people were pumping money into ico in 2017 but reverse is the case now, new ico find raising money difficult as for the ico who raised 1.5M, i think the money is smal for 50hrs.

well in another market condition yeah but right now i think it's an achievement

did you know arcblock? project raised 12500 ETH in 19 minutes and then token sale is over, based on current market situation, ICO collect $1.5M in 59 hours, it's harder than ever before, so it's a good news for project investor, I'll read their whitepaper later and decide participant their token sale or not

If you have such ability I would like to congratulate you, hardly anyone can earn as high income as you with little investment and you have high income. I also want to hope and luck like you even once

as far as I know you can still hop aboard, at least that's what i'm planning on doing

do they still have bonuses for the early buyers?

Congratulations with such a successful ICO. ORCA Alliance is a community-centered initiative with the mission to create safe and sustainable conditions for wider public adoption of cryptocurrencies in the European Union.

This is the really good news if it originally have happen. Some time i also see these type of news but i dont research to find out the news real or not if i dont want to invest these ico. so i think only seeing social platform news we should not invest in these ico. if anybody want to invest any ico try to find out the real think and collected eth address.

This is nothing. It was even more crazy last year. The ico that just came out is coming to an end. This year is relatively low-key.

hi in any case the project is promising, high rating https://icobench.com/ico/orca, and it is very important that ICO passed KYC.

Yeah, From ICO website and social media look like they did it. Yet, Maybe they got money in 50 hours for that they had worked very well before getting this much amount. But like is 50 hours but the only team knows how much time they invested. By the project looks good. Hope for their success.

I just noticed this project on ICO drops web site. For me it looks trendy ICO, moreover ico drops never list bullshit projects(except payed advertisement)
As for 1.5 million $ i believe it was a fund participating in ICO. You know, such fast collections attract new investors, that's why these guys made it.
By the way, if there is ORCA bounty?

I have not seen this project before. Now looked and I think that he will be successful! When a project gathers so much in just two days, it shows that investors are interested in it.

I just checked the website and found an interesting partnership with other platforms like Tomochain, Bitdegree, Debitum, STK and many more. Well, it is not surprising that they already raised $50 million in 50 hours with such partnerships. There might be a possibility that they caught a huge fish to invest to their ICO or what they call private investors. I will not be surprised if they will reach their hardcap in just a short time. If you are planning to invest ti that platform, better to do your own research first.

Yeah but this is the best in this market condition...I had followed some projects before and hitting a $1M for a week is tough challenge even if they have higher ICO review and with working product. This is how the team promote their project in advance.

If you have a good project you can still raise money. But if your project is weak you will have a very difficult time. That is not neccessarily a bad thing. The feeding frenzy last year was not normal and led to a lot of scam projects taking substantial sums off unsophisticated investors. What we have now is markets swinging in the other direction as it tries to get back into balance.

There used to be even bigger sales not in hours but in minutes, if I'm not wrong there have been at least one ICO that received way more than $1.5 million in less than a minute. But it was all in 2017 which as of now stays recorded as the most crazy year in crypto. Now it's different times, yeah, investors are scarce, interest in crypto is waaay below what it used to be back in Decembar. Still, this seems like a decent project and no wonder it managed to gather some nice funds.

If project is reliable enough and has good potential to grow, it is normal to have such a result and even better. I don’t know real situation about the project ORCA. But it seems to be reliable enough to have such a result.

Yes good to invest if we think project could perform well. Even it collects huge of money it is not certain that the whole process will be successful. They collect good of amount of money so if decided to invest search first the whole project.

Wow, raising 1 and a half million in 50 hours is massive. This shows that the project has enough  hype and this also shows that the project has good marketing team as well.

A project raising 1.5 million USD in %0 hours is not a big deal. However, considering the fact that the current market outlook is very bearish, then it is a very good thing for the project as many projects are unable to pull that magic in this current market condition.

It could be because the project is really good, or the bonus given is big enough for the initial investor. But maybe 50 hours will not be a reference for making conclusions, because I also saw other ico having almost the same start, and having difficulty getting a raise the following week.

This could be for a lot of reasons and may not necessarily mean it is a good project.
Reasons can be, hype, bonuses, institutional investors getting in in large amounts and many more reasons.
I remember project Shivom sold out from its Presale and less than 3 months since exchange listing it is at 0.04x that is very bad and there are no guarantees in the crypto space.

That is actually quite impressive to be honest. They probably did a very good job in convincing people to believe in their project and have promoted themselves in quite a good way which actually attracted a good number of investors. Not sure what the project is about, but should be something interesting. Might head over to their ANN thread and see what is it all about.

if you tell me another topic, I beg you to specify reference link to see the object being told.
so that all of them know what's right and what's wrong.

if like this without a link then I can't comment on anything.

they are creating platform that will merge crypto and fiat accounts into one dashboard, at least i always get lost between the accounts, too hard to keep up with all of them. actually looked into this project after this post, thanks for sharing, would have missed it

You mean I should put a link in the original post of this topic?

isn't actual research needed for every investment? i still think it catches attention and people actually look into the project after this. if it's promising, it's promising

You'd be surprised how many people invest purely based on hype... That's where all the scammers are lurking.

This is nothing extra ordinary, there are ICOs who has raised a lot more in lot less time.
It all depends on the hype around the project, how long it has been marketing, if and how long is the whitelist.

This may indicate that investors are very interested in this project or that some one large investor has invested so much money. This is a good chance to follow them and an opportunity to earn money

could you even be called an investor if you don't research before jumping on the bandwagon

has the news been proven correct? if proven, surely the project has a huge chance of success. but if it hasn't been proven, maybe the news is only to attract investors to invest in the project.

But how can you check that  such news are correct? No one will tell you truth: successfull is the project or not really. Consequently, investors will see the value and amount of distribution of tokens only after the end of ICO when tokens will be accessible in exchanges.

I don't think that's a success. I've seen icos collected 10+ million dollars in seconds. Yes. But yes that was in bull market.

However, 1.5 million isn't much for a company, for an ico, and 50 hours is a lot in crypto space. (Even if they gave guaranteed cap for 24 hours etc.)

Also lots of crappy projects fulfilled their hardcap in minutes-hours, then dumped hard. So please don't judge the ico by their speed of raising money. (But It may say something about the hype though.)

What is wondered you? There were a lot of projects like Bancor, which collected over 100mln$ in less that 20 minutes... So it is very easy for project to collect 1,5 mln in 50 hours.

Which ICO can collect 10 million $ in seconds?
It lies in your imagination?
With the current market, 1.5 million $ in a few hours is an early success with that ICO.
That ICO will probably succeed because it attracts the community

wouldn't say so it today's market.. a year ago sure, now? not really

It's normal for me, do you even see an ICO can collect 5-20 million dollars in 1 minute? I saw some, there is an ICO that can raised that much only from presale. If the project is really good and so much hype, the ICO results can do that. So i'm not surprised with that $1.5m in 50 hours.

This is fantastic. I have heard of some states wherein the project team will massively buy their ICO to HYIPing the project. Although am not concluding this project did same, it's just a general submission. Reviewing projects is very important.

I don't have any idea about the project. But for me collecting that much money in that time frame mean nothing neither negative nor positive.

I always seen this kind of information mate, but in the end, it lacks of prove. Yes somebody says it, and when the time of seeing evidence, they gone. They are doing that is because they want to smell good their ico so that many of investors will came to them and buy also.

I also know about this project, but you checked their wallet ? This is real or only just the fomo for thier project ?



If this is real then I think when ORCA listed on exchange, price will big pump.

This is quite impressive of the project performance. I hope this will translate to a good market performance when they finally hit exchange. I will study the project and see what they are into. ICOs are still doing well and people are willing to invest. They just want to be sure they won't be scam.

When you do, please let me know! I'm not a big crypto expert myself, I'd love to hear some more experienced opinions on this before investing.

It seems to me that 1.5 mln is no more than PR. I assume there is 1-3 large investors mada an agrement with ICO to invest and that's it.
Such fast collections will attract more smallinvestors on crowd sale

I remember TKY fomo, it was unbelievable, but it was also a very different time! Now you have awesome project like NTOK that couldnt reach 1m in more than 6 months! So when I see something like this I would consider that they are most likely manipulating with the numbers!

This kind of figure is a nice indication of good project sometimes. But don't also forget that could falsify figures a times just to create more hype around their project and lure more people to invest.

I have seen this kind of post in many a days as here used to be very scary posts like market is gonna crash n all,but this has made me believe in cryptocurrency again as watching the market loosing money each and every day can make anyone sick of it and same was the case with me too and now watching that there are people that are doing a lot of hard work even now is very joyful and I will again try hard to earn more and indulge more in Crypto.

the market is coming back to normal in a month or even quicker

positivism, i see.. either way, it is a good time to invest in long term projects

It is possible it's a project a lot of smart and big time investors believe in the future, for them to have garnered such a huge interest in a very short time.
It is not unusual anyway as we have seen projects like this several times and are usually projects with working product and a huge prospect and not just some promises from a team. Also, because the market is generally taking a huge hit does not mean people will stop believing and investing in projects for the long term.

So do you think such project might still flop or is it a guarantee of some future success more or less?

even though ico has a good promotion but many of ico don't have many investors, in my opinion that doesn't guarantee. I don't think that's all right.

Nothing is ever a guarantee and you can never judge to invest in a project just because it raised certain amount in a shortwhile; at least I have seen projects that lied on the amount raised just to use it as a marketing strategy to attract investors and that is highly unethical as far as I am concerned.

What is important is for you to do your own due diligence and see if there is a prospect based on the following;
- the team, their past achievements and the readiness to keep bringing further development.
- the availability of a product and how this product will make impact which is what would drive in demand in the first place.
- the main idea, the team's vision and the roadmap.

These are the things that will give you an idea if it would be a project worth investing or not. Nevertheless, you should understand that every investment is a risk and you cannot ascertain what the future holds for any project. The only thing all these I mentioned above will do is to minimize the whole risk and give you an upper hand in your decision making.

there are no guarantees at all in the crypto world, you can only do your due diligence and have hope for the bright future, don't you think?

wow, that's really impressive, especially these days with this pretty low market.

you're right but you know, scammers don't sleep as well, the schemes are becoming more thought-through and all so A LOT due diligence is to be done when investing - check the group chats, ask for proofs, don't get too excited when hit by the admin and all, check check check

YEP true got fooled multiple times myself before I figured out how it all works here

This is a very good and very strong ICO, I think this is a pretty good indicator of the current situation in the crypto market. the collapse of the market and the decline in the price of coins, make people think to make quick profits. and the ICO is an alternative for them. Now many projects are unable to raise 1.5 million dollars a month, but here they gather for 50 hours. I think this is a good indicator.