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Title: WARNING! this is very misleading Post by: Stanlo on July 13, 2019, 08:20:47 AM Please fellas take a minute to look at the image below
https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap,what came to surprise me is some investors depends on this bar to decide whether they will invest or not,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches,no knowledge is lost and knowledge is indeed powerful. Title: Re: WARNING! this is very misleading Post by: sandra_x on July 13, 2019, 08:29:27 AM The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received.
Title: Re: WARNING! this is very misleading Post by: accounting 181293 on July 13, 2019, 08:47:05 AM Please fellas ,take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. that's why we expect all projects to use the IEO. with the IEO we can see their income directly, the exchange will definitely provide information about sales, teams and more. this is great for preventing fraud. and the exchange can also be an Escrow, so the funds are not directly held by the team. this is a safe way in my opinion. ICO is an old way that is very detrimental to the investor, so the ICO should have been abandoned. Title: Re: WARNING! this is very misleading Post by: sulis sudibyo on July 13, 2019, 08:58:55 AM only fools will immediately believe that, without knowing the truth. there are already many projects that provide such data in tokensales. but many of them lie. so don't believe it, unless they publish the smartcontrac address. this can be a guarantee that the project has real data.
Title: Re: WARNING! this is very misleading Post by: IvugeoEvolutionCoin on July 13, 2019, 09:22:51 AM This post is very insightful. Many investors fall prey of this, some projects fake their ICO progress bar for sales, just to get more investors. I've seen a few cases which immediately they kicked off token sales, the bar was already around the middle, giving false claims of hitting softcap already. Well, progress bar shouldn't be that yardstick to ascertain whether it's worth investing in an ICO or not.
Title: Re: WARNING! this is very misleading Post by: axel2078 on July 13, 2019, 10:17:57 AM You are right this can indeed be misleading and this is always caused by hype; that is a project that is hyped might showcase this to attract investors at the end the result will be clear that nothing was raised. Also, the surprising thing is that most of these projects after showcasing this will still find it hard listing on good exchange.
Title: Re: WARNING! this is very misleading Post by: fortunecrypto on July 13, 2019, 10:39:21 AM Please fellas ,take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. I never rely on that bar I already knew that they can be misled into thinking that they already reach the soft cap or the hard cap, sometimes they spend with their own funds to buy their own token so people will think that it's gaining ground and people are really investing. Title: Re: WARNING! this is very misleading Post by: numanoid on July 13, 2019, 11:11:45 AM That's a quite useful information for all investors who trying to invest in some IEO or ICO. Sometimes they are too lazy to check the ICO address and they are just relying with that bar (if the bar show them softcap has been reached, it would be attract more investor to come)
Title: Re: WARNING! this is very misleading Post by: mu_enrico on July 13, 2019, 11:47:30 AM It's indeed misleading. Without a proper audit, the exact (or even rough estimation) of the gathered funds cannot be justified. In fact, even if you were able to check all the ICO addresses, you couldn't determine the legitimacy of the source of fund. They could use loans to fill up those addresses.
Title: Re: WARNING! this is very misleading Post by: tenebriscaelum on July 13, 2019, 12:10:36 PM Tracing the funds that they have accumulated will be very hard specially if the raised fund is not only in cryptocurrency but also with fiat. As not all projects will be using the main tokens to gain funds specially in a bear market as cap will be harder to achieve if only altcoins and BTC are used.
Title: Re: WARNING! this is very misleading Post by: davis196 on July 13, 2019, 12:15:21 PM This is not just misleading.That's pure cheating.Fake bars and fake info about amount of money raised has been in the arsenal of shady ICOs since the very beginning of the ICO era.Anyway,who is still buying ICO tokens?Even if some ICO has fake info about raising millions of dollars,investors have to do their due diligence and check the info using different methods.
Title: Re: WARNING! this is very misleading Post by: pawanjain on July 13, 2019, 12:21:27 PM Lol thats really stupid if people just rely on these bars to know how much have been invested in the particular project. I do know that people have need to look how much a project has raised so far since I myself look for this information but I don't just rely on these bars. I look for the amount of money deposited in their wallets and then match it with the bars and once I know that they are not at par I know that they are faking the bars and hence I don't invest in those projects.
Title: Re: WARNING! this is very misleading Post by: swiftbits on July 13, 2019, 01:12:43 PM That's a good thing to take note of before jumping into investing, we can identify fake projects if they exaggerated their status, I remember one projects that I want to look at seems to raise more money than the normal ICO projects do, It's actually an eye candy for some but can be used as a warning as well.
Title: Re: WARNING! this is very misleading Post by: Sri rahayu on July 13, 2019, 01:17:01 PM The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received. This makes sense buddy, and the buyer's address must be checked again, whether the address is really an investor or just an empty address that has been deliberately made to dispose of tokens to make their fake sales look smooth. a little extra to be even more sure maybe in my opinion if they use trusted escrow services to transact. Title: Re: WARNING! this is very misleading Post by: bitsurfer2014 on July 13, 2019, 02:03:09 PM That style has been going on since the inception of ICO's since most of the project's who have done an ICO in the past tend to display progress bars in their websites on the funds being generated during the ICO but unfortunately, most often, they don't reflect real time data or even worse, its figures are fake meant only to attract and deceived investors. I hope people would not fall prey on this dirty tricks and be able to see the any irregularities promptly and share and warn the community accordingly.
Title: Re: WARNING! this is very misleading Post by: VDraci on July 13, 2019, 02:24:45 PM Please fellas ,take a minute to look at the image below Only newbies who knew nothing about ICO scam will fall for this, marely looking at a bar on websites is not a part of how to detect if a project is good or not ,I hope newbies will learn every aspect of investing in projects before making a blindly moveshttps://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. Title: Re: WARNING! this is very misleading Post by: tabas on July 13, 2019, 02:57:58 PM Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. "Knowledge is power", this is true. The ICO sites now are doing everything just to take more investors, from the bars, different attractive marketing and other sort of program like buy back. But all of that, you still have to DYOR. I've failed many times with alts as well and this taught me a lot.Title: Re: WARNING! this is very misleading Post by: tsaroz on July 13, 2019, 03:00:33 PM Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project. Title: Re: WARNING! this is very misleading Post by: Lizzylove1 on July 13, 2019, 03:09:54 PM IEO can prove to be more reliable when a good exchange that doesn't fake volume is been used to conduct the sales. There was a project from Australia that displayed this kind of data and all of a sudden, claim to have hit hard cap. Well the project would later scam and ran away with investors fund. Good IEO on a good exchange is less risky.
Title: Re: WARNING! this is very misleading Post by: krisnajsadrak on July 13, 2019, 03:24:14 PM Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO. Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project. and maybe this is one from many causes, why investors now afraid to put their money on ICO project then, investors choose an IEO on reliable exchange such as binance launcpad and bittrex but, few ICO still good enough, and collected a good amount,, for example miracle tele and other Title: Re: WARNING! this is very misleading Post by: Siren on July 13, 2019, 03:27:08 PM The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received. But even there’s an contract address sometimes the team itself provides the amount inside to pretend that there are true investors so others will trust and put their money as wellNot knowing that those are only Bait for them to enter and the investments will be on the scammers hand Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO. Yeah that’s very misleading and can be consider as scamming.but we don’t have the decisions mostly greedy people is the victims of these criminalsSuch shady behaviors not only confuse the investors but also decreases the overall credibility of the project. Title: Re: WARNING! this is very misleading Post by: Chainsmokers on July 13, 2019, 03:31:14 PM Please fellas ,take a minute to look at the image below I agree with what you say, indeed most investors choose to invest in the ICO project by looking at the softcap and hardcap on the ICO project and when they see that the project can reach the softcap even almost reaching the hardcap, they decide to invest in it without doing their research themselves about the ICO project and they believe that the ICO project will provide good results without researching it. So, in my opinion, don't rush to decide to invest, do your research about the ICO project before deciding to invest.https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. Title: Re: WARNING! this is very misleading Post by: ishirut009 on July 13, 2019, 04:29:37 PM Please fellas ,take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. yes i agree with you. We should not rely on that kind of indicator bar because it can be faked by developers. We should do our due diligence by looking at the social media websites if there are really lots of people talking about it and keeping watch on it. Title: Re: WARNING! this is very misleading Post by: Little Mouse on July 13, 2019, 04:45:13 PM This bar can easily be manipulated by entering higher value anytime. I would never trust just because a project show their soft cap had been raised, rather I would evaluate their project potential.
Title: Re: WARNING! this is very misleading Post by: bitc0000 on July 13, 2019, 05:04:15 PM You are right I must say. This has mislead many investors into participating with such project while in reality they are yet to raise the funds they are displaying. This is also the reason why you will see a project displaying that it raised a certain amount of funds yet finds it hard to give appropriate audit on the public sale. This is one of the reasons IEOs in most major exchanges are better, as there is no need for this .
Title: Re: WARNING! this is very misleading Post by: AltcoinsBattle on July 13, 2019, 05:06:57 PM The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received. I have never seen the address of a smart contract that could display the funds raised. The support motivated the refusal by the fact that funds are collected in various types of crypto¤cies, and everything will be compiled upon completion. In addition, given the success of many ICOs, it is unlikely that anyone will want to open data on current success in fundraising.Of course, we need to research a project. And although there is no trust the status bar, in some ICO video reviews auth refer to the success of the fundraising by this data ;). Do we watch a video about a researched project on YouTube ;D? Title: Re: WARNING! this is very misleading Post by: rosezionjohn on July 13, 2019, 05:45:42 PM Mate, your concluding part that you said rely more on research, is it not same information published by the ICO or project team that you will see or research on? The whole scam thing has no straight way to know it. Sometimes there can also be luck and faith manifestation on the research done. I think you misunderstood what the OP meant when he said "rely more on research". The quoted text below is probably what he wanted to address what came to surprise me is some investors depends on this bar to decide whether they will invest or not In any case, investors cannot immediately find out whether what is being projected in the website is true or not until the token sale is closed. I've witnessed one project before that lied about all those figures and the "reach softcap" is all for PR to attract gullible investors. Title: Re: WARNING! this is very misleading Post by: Emmy92 on July 13, 2019, 05:59:24 PM There is no two ways about it, the chances of it misleading is upto 95% thus the need to be careful of such projects. To me the reason why most projects do this is to attract more people into investing while giving them the mindset that a particular amount has been raised while it's all fake. Know about the team, the discussion in the community and the type of questions asked, all these will help to know the truth.
Title: Re: WARNING! this is very misleading Post by: Bitcoin Seller on July 13, 2019, 07:03:19 PM IEO can prove to be more reliable when a good exchange that doesn't fake volume is been used to conduct the sales. There was a project from Australia that displayed this kind of data and all of a sudden, claim to have hit hard cap. Well the project would later scam and ran away with investors fund. Good IEO on a good exchange is less risky. IEO is better sure. The key difference between IEO and ICO is that the organizer and intermediary between the project and investors is the cryptocurrency exchange or another platform (with IEO). So investors get a safe way of investing through a trusted party and guaranteed dates for placing a token on the exchange. The projects have the opportunity to attract a large number of investors. Title: Re: WARNING! this is very misleading Post by: Flezy on July 13, 2019, 10:39:45 PM That's correct, in fact it has led many into investing in scam projects as well as projects with nothing to offer. Most of this type of projects uses that as a strategy to draw investors and most times exiting scam, not listing on exchange or listing and then dumping the price. Let's always take time to study each project as it will save us a whole lot.
Title: Re: WARNING! this is very misleading Post by: Rengga Jati on July 13, 2019, 10:48:06 PM I never decide to invest in a certain project just because of its softcap indicator. Something that we must do is look for the detail information about the project itself. It is much better than just looking at the bar showing softcap or hardcap. They can manipulate the bars and show a fake softcap. That's why I prefer to choose a project based on the track record of the team members.
Title: Re: WARNING! this is very misleading Post by: nanaimogold on July 13, 2019, 10:51:53 PM This is the picture that a lot of Project developers used in 2018 to make investors fomo into their Initial coin offerings only to discover at the later end that its nothing but an organised scam. Designed to fleece unsuspecting cryptocurrency enthusiasts of hard earned fiat
Title: Re: WARNING! this is very misleading Post by: darkangel on July 13, 2019, 11:39:49 PM This right here is why every investor must do a thorough research the project he wishes to invest in else he looses his funds. Sadly a lot of these shady projects are still out there conducting ICOs which is very shameful and condemabale
Title: Re: WARNING! this is very misleading Post by: akram143 on July 13, 2019, 11:46:39 PM Each and everyone are here in this field for their own reasons so no one is not guiding you and I think you cannot be guided by anyone it is the proper move from your side because at that situation only we can realise what is the best and what is the worst otherwise we cannot successful anymore
Title: Re: WARNING! this is very misleading Post by: Rengga Jati on July 13, 2019, 11:51:14 PM Actually, for several moments ago, at a past time. I always used this bar to be one of the chocies wehn seelcting the new project. I think that reaching soft cap is very safe to invest. However, as time went, I was aware that this is misleading. The chart may be fake, we cannot make it as decision whether the project will be successful or not.
Title: Re: WARNING! this is very misleading Post by: Oceat on July 13, 2019, 11:52:28 PM Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO. For that, i would agree with you since I've witnessed it before and up until now, they were still doing this kind of dirty tricks just to attract their possible prey. People nowadays are too greedy considering that they make a bunch of useless projects at the end because all they want is just the money and they don't really care about of the whole WP plan of their project, such a waste of time and effort.Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project. Title: Re: WARNING! this is very misleading Post by: fortunecrypto on July 14, 2019, 12:10:09 AM I already know that this tool is being used to deceived people just like what they do in employing fake ratings, people should instead watch and read people's feedbacks check the whole projects and check if there is something fake in their project.
Title: Re: WARNING! this is very misleading Post by: glendall on July 14, 2019, 01:16:32 AM my thoughts are a little open after reading your analysis of a softcap or hardcap bar.
most people aren't aware of this, but we also have to know, whether their ICO uses ICO services or not, if using the services of ico, the bar displayed is 100% non-engineering, different if they make it themselves. Title: Re: WARNING! this is very misleading Post by: iTradeChips on July 14, 2019, 02:38:33 AM It is very difficult indeed to make decisive decisions in these kinds of available information from companies websites if in case you are trying to find the right startup to invest with. I am afraid the only better way to get inside information is to have a connection to a person who already works there or you are actually part of the said startup. Investments are really a risk and people should be weary of their investments.
Title: Re: WARNING! this is very misleading Post by: aioc on July 14, 2019, 05:38:10 AM Please fellas ,take a minute to look at the image below You are a newbie if you believe that it's one of the consideration to check if the project is gaining support and investors, they tell you that they have reached their hardcap but cannot start their project or do more marketing because, in reality, they do not have available funds.https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. Title: Re: WARNING! this is very misleading Post by: joinfree on July 14, 2019, 05:56:25 AM This is so true, most prjoects these days fake the progress of their token sales just to lure investors to invest into their project. This is a bad way of marketing and i think team members of projects should desist from such methods. It's best to get to know projects by their use case and how much you think they would be worth to the market than following token sales progress.
Title: Re: WARNING! this is very misleading Post by: Ken_terrance on July 14, 2019, 07:44:13 AM Novice investors can easily be deceived by this bar and they won't know that sometimes its just a fake bar to lure them to invest,new crypto investors must be willing to learn from those that are already in the space to avoid this kind of horrific mistakes and scams
Title: Re: WARNING! this is very misleading Post by: SMOKEU on July 14, 2019, 08:57:17 AM well they need to do some tricks just to get an investor.. if this investor make their research in such project and they know that it is good enough to invest,they will put their money on it, they are investor they know what are they doing..
Title: Re: WARNING! this is very misleading Post by: Mikcik on July 14, 2019, 09:22:00 AM Anyone who is web developer can do this. This is how project teams do to trick people into investing in their projects. Especially for newcomers to this market
Title: Re: WARNING! this is very misleading Post by: mirakal on July 14, 2019, 09:45:49 AM As an investor who are knowledgeable, they should look deeper on that picture, mostly ICO accepts ETH, so they have to look for the ETH address and verify it in the blockchain if the amount raise will coincide on the picture.
It's a trick only for those who does not fully understand investing in crypto, but for the knowledgeable it's not gonna fool or mislead them. Title: Re: WARNING! this is very misleading Post by: Shymko on July 14, 2019, 09:48:01 AM Please fellas ,take a minute to look at the image below That image has only a form of illustration and it deceives investors. Be careful with such projects because it is scam. In 2018 I met hundreds of softcap projects but they completely disappeared after finishing the ICO. obviously a scamhttps://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. Title: Re: WARNING! this is very misleading Post by: robelneo on July 14, 2019, 10:01:54 AM Please fellas ,take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. Everybody knows that it can be manipulated it's just a toolbar and a webmaster can set the amount of numbers to show on the bar, the bar should never become an indicator if the project or ICO is making good progress, it's the investor's reactions and supports should be the one that must be consider Title: Re: WARNING! this is very misleading Post by: styca on July 14, 2019, 10:03:52 AM Yes, this is one method by which fake or scammy projects can lure investors in. The thing is though that if a company is prepared to use a fake progress bare then they are probably manipulating the truth elsewhere, which should be apparent from a bit of research into the team members (are they real?) and the white paper (is it meaningless buzzword-soup?), amongst other things. It does highlight that it is vitally important to do your research before putting money into any new project.
Title: Re: WARNING! this is very misleading Post by: maxreish on July 14, 2019, 10:06:46 AM I already know that this tool is being used to deceived people just like what they do in employing fake ratings, people should instead watch and read people's feedbacks check the whole projects and check if there is something fake in their project. And probably be still a trap for some newbies in crypto space. This bar can be deceiving. A wise investor and trader will not gonna easily fall for this. Nowadays, DYOR is the only thing we can rely about. We can't deny the fact that ICO's reputation isn't great and that investors are now turning into IEOs. That is why even if they'll make a bar or graph showing the flow of their sales, etc, we should not be fall for it. Title: Re: WARNING! this is very misleading Post by: JPSelzer on July 14, 2019, 11:51:27 AM You wrote it right. I also always tell everyone that they themselves have investigated the project before investing. You should not trust any rating sites. You should always check all the information.
Title: Re: WARNING! this is very misleading Post by: Ucy on July 14, 2019, 01:56:20 PM Better not to invest atall if the websites are not transparent enough. I suspect that many of such websites are owned by few people or the same person in order to spams the ICO space and scam vulnerable people
Title: Re: WARNING! this is very misleading Post by: carrigan on July 14, 2019, 02:57:28 PM So true. We also really don't know whether the chart is genuine or fake. Maybe their team made it as if they had reached a softcap to convince potential investors. But it would be better if we analyze more in their actual wallet transactions. Is it fake or normal and how many have sold
Title: Re: WARNING! this is very misleading Post by: Rohtox on July 14, 2019, 04:04:00 PM Please fellas ,take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful. first and foremost don't get fooled by the bar. I Personally didn't believe how many fund raised by some project. Even on IEO I don't 100% sure the found raised, In some case you can deceive fund raised during IEO (i.e Dev from some project buy their own Token on IEO, or may be they call the exchange to make ANN "IEO Sold out in 3 Minutes") Title: Re: WARNING! this is very misleading Post by: chanler on July 17, 2019, 11:49:48 PM I often relied on softcap indications charts for a project. As long as it's softcap, I was immediately interested in participating. But after experiencing some inappropriate experiences, I began to study. Your word is correct if the softcap chart is not certain to always indicate the success of the project. It would be better if we crosscheck the truth first by analyzing it further.
Title: Re: WARNING! this is very misleading Post by: Nasonn on July 17, 2019, 11:56:20 PM I noticed it with a number of projects last year, what finally exposed most of them is the bear run. After the lies about teaching soft cap they were exposed when they couldn't go on with the project.
Title: Re: WARNING! this is very misleading Post by: Saisher on July 18, 2019, 12:23:48 AM Please fellas take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap,what came to surprise me is some investors depends on this bar to decide whether they will invest or not,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches,no knowledge is lost and knowledge is indeed powerful. It should be explained to newbies, but for all of us here whoa re used to it, we all know it can be manipulated because it is just a tool that can be set up to lower and higher, I never looked on that instead I looked on investors reaction and of course their wallet, to see if they are progressing, but that is not also an indicator. Title: Re: WARNING! this is very misleading Post by: michellee on July 18, 2019, 03:24:06 AM I often relied on softcap indications charts for a project. As long as it's softcap, I was immediately interested in participating. But after experiencing some inappropriate experiences, I began to study. Your word is correct if the softcap chart is not certain to always indicate the success of the project. It would be better if we crosscheck the truth first by analyzing it further. Not all projects reaching the softcap target are good projects, in fact, many projects have achieved target hardcap, the price has now fallen more than 90% below the ICO price. It is difficult to determine whether the project is good or not, but in my opinion partnertship determines the project in the future Reaching the hardcap or softcap doesn't mean they can success in the market because many of projects has fallen when it listed on the market and they are difficult to rise on a few months. Many of them are good projects, but unfortunately, they can not survive in the market and only down deeper than the ICO price. They need a long time to rise and start to reach a new price at the market because their price is fallen too deep. Title: Re: WARNING! this is very misleading Post by: Ekyfitri on July 18, 2019, 03:26:54 AM Reaching the hardcap or softcap doesn't mean they can success in the market because many of projects has fallen when it listed on the market and they are difficult to rise on a few months. Many of them are good projects, but unfortunately, they can not survive in the market and only down deeper than the ICO price. They need a long time to rise and start to reach a new price at the market because their price is fallen too deep. yes, I saw a project like that in 2018. and a lot. even those who reach hardcaps now have their tokens priced very cheap. do not have a strong community for trade. most of them sell and switch to other projects. future projects like this seem to be bleak.Title: Re: WARNING! this is very misleading Post by: Kvalentine on July 18, 2019, 03:32:36 AM Many new projects are fooling new investors with bars of softcap or hardcap almost reached,showing how demanding their token is so that they can invest that's why newbies must learn first on this forum before anything else or else they will keep falling victim to scams like this.
Title: Re: WARNING! this is very misleading Post by: sentoy on July 18, 2019, 04:04:05 AM beware you must be careful of the abuse that is under the guise of a bounty hunter project with funders and developers who want to attract investors, if it is true there must be an audit team, clearly legitimate without any regulations that make it difficult for all parties related to a project, and correct there is no other manipulation.
Title: Re: WARNING! this is very misleading Post by: robaya on July 18, 2019, 04:06:46 AM beware you must be careful of the abuse that is under the guise of a bounty hunter project with funders and developers who want to attract investors, if it is true there must be an audit team, clearly legitimate without any regulations that make it difficult for all parties related to a project, and correct there is no other manipulation. there are even some projects that claim opinions from sellers to reach hardcap. but after that there is no development that is balanced with the funds obtained. like the release of the exchange that is really bad. obviously it will make investors and bounty hunters disappointed.Title: Re: WARNING! this is very misleading Post by: Reid on July 18, 2019, 04:27:35 AM It's funny to remember some of what I did before.
Yes I am guilty of doing that kind of speculation before investing. I dont look at what features of a project is before but just mere looking at this bar and then buying their tokens if I see that bar almost hitting the softcap. Learned a good lesson from it. Now, I dont. I think there are more legitimate ones which dont show bars like that but rather tell their supporters everything in their telegram group. Being transparent is really a must. Title: Re: WARNING! this is very misleading Post by: Lizzie_Girl on July 18, 2019, 07:41:13 PM This is from a package you can buy that gives you everything you need to make an ICO. That is why every single ICO has only one page and scroll downs and that little bar.
It is the same thing over and over again it just has a different skin. Title: Re: WARNING! this is very misleading Post by: rdewilde on July 18, 2019, 09:36:23 PM Sure it does and in fact will go a long way in attracting more newbies into being victims. This is one of the things found in ICOs or rather one of the ways in which they (ICOs) tends to bank on most investors. The funny thing is, most the project if not all never got listed on any good exchange neither did they offered any tangible results.
Title: Re: WARNING! this is very misleading Post by: Ifemini on July 18, 2019, 09:50:05 PM Please fellas take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap,what came to surprise me is some investors depends on this bar to decide whether they will invest or not,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches,no knowledge is lost and knowledge is indeed powerful. I agree with you, projects with progress bar regarding their ieos are mostly false They make less than 30$ and end up claiming to earn millions, misleading investors to buy upon listing It’s up to us to dyor and be spot on with projects we support Title: Re: WARNING! this is very misleading Post by: zero714309 on July 18, 2019, 10:04:30 PM Your 1st point really true. In 2017 hardcap and softcap have true indicator but now we can follow them to know how good those project. A month ago i find some developers use that to attract investor. This way really dishonest. As investor we must thinking more smart and do research more detail.
Title: Re: WARNING! this is very misleading Post by: Novatech8 on July 19, 2019, 08:47:01 AM Since we can't trust softcap and hardcap bars its always good to depend on the projects its self instead of how their fund raising is on going,I've seen projects that use almost a year for fundraising and in the end they met their target,bars are nothing but deceiver
Title: Re: WARNING! this is very misleading Post by: take_off on July 19, 2019, 09:06:19 AM Please fellas take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap,what came to surprise me is some investors depends on this bar to decide whether they will invest or not,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches,no knowledge is lost and knowledge is indeed powerful. l would really like to point out l often face this kind of problem. l read some news about it. In my view, there is no way to know that's right or wrong. Some fake projects use this way to trap many investors. Unfortunately, there are some Investors, trust them that must be careful. l find your post very useful and let me express my opinion. They do not publicly raise the amount actually raised, and with projects like that I will never invest in them. I have encountered too many projects using this way to make investors invest in their projects Title: Re: WARNING! this is very misleading Post by: poodle63 on July 19, 2019, 09:44:53 AM Many new projects are fooling new investors with bars of softcap or hardcap almost reached,showing how demanding their token is so that they can invest that's why newbies must learn first on this forum before anything else or else they will keep falling victim to scams like this. what should be remembered by them keep in their mind about the contract sale and it's more than enough to check about the credibility of the bar or chart of the fundraising that already published by the developers. Title: Re: WARNING! this is very misleading Post by: sana54210 on July 19, 2019, 02:51:04 PM Lots of projects will just do lots of shits by every means to get investors’ attention, and you are very mush right, we have to be extremely vigilant not to allow anything such has this to deceive us, and I must confess to you that it has really never crossed my mind that they will be using this too as bait, by adjusting the bar and for those not using bar, adjusting the figures since they are the ones directly operating the site.
This actually should have formed part of the research too if they were genuine, because you also need to know how other investors are responding to the project coupled with other strong factors ones has to consider before making any investment move on such projects, we will keep learning bits by bits until there is no longer chance for scammers again, and ICO will be revived once gain. Title: Re: WARNING! this is very misleading Post by: forexandcryptoauditor on July 19, 2019, 03:01:03 PM Thanks for sharing this.
I have also observed that some projects do not update the correct status of the funds raised. This seems they manually edit it and so there are highly chances that information could be misleading. At least due to introduction of IEOs, I think we are in better position to avoid such scenarios. Title: Re: WARNING! this is very misleading Post by: distr@yopmail.com on July 19, 2019, 03:01:18 PM what should be remembered by them keep in their mind about the contract sale and it's more than enough to check about the credibility of the bar or chart of the fundraising that already published by the developers. but remember, sometimes there are some developers who actually manipulate their sales to look more successful. but after publication the development never looks maximal. such as inappropriate exchanges and products that are not in the market's interest.Title: Re: WARNING! this is very misleading Post by: chanler on July 22, 2019, 01:00:19 PM Can we exactly research for the transaction and token in their wallet? About the smart contract address? because sometimes they may have the fake chart of that softcap reached. But, we need to do certain analysis on the wallet transaction and make confirmed to the chart. But it is also important enough not to only see this progress.
Title: Re: WARNING! this is very misleading Post by: atjiat on July 22, 2019, 06:54:55 PM Can we exactly research for the transaction and token in their wallet? About the smart contract address? because sometimes they may have the fake chart of that softcap reached. But, we need to do certain analysis on the wallet transaction and make confirmed to the chart. But it is also important enough not to only see this progress. I have already made sure that I take this kind of questions very lightly. Apparently the quality of the result depends not only on whether to receive funds or send them, but also to control the entire transaction from beginning to end.Title: Re: WARNING! this is very misleading Post by: letyouearn on July 22, 2019, 07:28:29 PM Man, these marketing and promotion tips and tricks are being used everywhere - not only in crowdsales :) Open your eyes and take a look around :)
And people are being fed with all this marketing crap every day - and nobody cries about this. Just be smarter than the crowd and live your own life :) Title: Re: WARNING! this is very misleading Post by: Ayobami99 on July 22, 2019, 09:25:43 PM I do that before too. I actually use the bars to judge or join the projects. The funny aspect is that, these are just designs, smart contracts will be the best to judge that. You can just imagine icos that collected hard cap in 2018 are not running ieos in 2019- it is laughable, nany project that said they collected millions hardly collected few hundred dollars. Due diligence is key
Title: Re: WARNING! this is very misleading Post by: Vaskiy on July 22, 2019, 09:31:37 PM Man, these marketing and promotion tips and tricks are being used everywhere - not only in crowdsales :) Open your eyes and take a look around :) We are much used to it, still we fall for these kind of marketing without analyzing anything much about the project or the backing team. Marketing tricks are the one that makes people have a view over their project. Even the smarter will go greedy which is nature of human mind and to that its just a reminder to be careful on the go.And people are being fed with all this marketing crap every day - and nobody cries about this. Just be smarter than the crowd and live your own life :) Title: Re: WARNING! this is very misleading Post by: Successmaniac4 on July 22, 2019, 10:42:05 PM If you have ever been scammed, you will not trust this bar to determine if a project will be successful or not. I was scmed one time and the project had told me they had reached soft cap meanwhile, they were still far below softcap.
Title: Re: WARNING! this is very misleading Post by: SistaFista on July 23, 2019, 01:49:30 AM Everyone can make that bar with a little amount of ability to editing pictures.
If they can provide us the fund raising wallet address with the coin balance on it, then we can trust. The fabricated amount of raised fund can misleading investors and bounty hunters to join their ICO project. Title: Re: WARNING! this is very misleading Post by: Krislaw on July 23, 2019, 07:33:19 AM This bar, does not mean anything to me, because every project can simply fake this data. Even exchanges are manipulating this statics acting like another IEO was sold out and in the reality less then several thousands tokens were sold. That bar to say everyone for buy those product again and it could have capability developer have strongs comunity do developing project seriously.No one know except team for real or fake data appear on website, Are the different auditor team need for auditing ICO/IEO project before launching?. Title: Re: WARNING! this is very misleading Post by: freedomgo on July 23, 2019, 07:36:23 AM This bar is showing every website when ICO is running. I checked some projects, after reached approximate hardcap then start initial exchange offer. Maybe most of the projects now are aiming to get listed right away, and they find the iEO the best idea to realize their plan. The ICO stage is crucial, they need to raise a decent amount to fund the IEO listing, I'm not sure how much but I'm sure it's not cheap depending on the exchange reputation and size. Title: Re: WARNING! this is very misleading Post by: sjbi on July 23, 2019, 07:40:02 AM That is why everyone needs to do their own research before investing or working for a project as a bounty hunter. There are many projects, genuine or fake operating in the market. Some projects have ill intention and are on the lookout to scam people. I have also come across such indicator showing how much money a project has collected. Thanks for information.
Title: Re: WARNING! this is very misleading Post by: cahkalem on July 29, 2019, 10:24:04 AM this is very easy to do because they have complete control of the bar, but an honest team will never do it. this is also the reason why today the IEO is considered better than ICO. well,, a few project will show us the truth about how much money collected during the crowdsale but, some project didn't do that, they will try to cheat their investors,, remember : not all ICO project doing that mate Title: Re: WARNING! this is very misleading Post by: microsurfer on July 29, 2019, 01:17:10 PM 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. Title: Re: WARNING! this is very misleading Post by: unusualfacts30 on July 29, 2019, 01:19:33 PM You should never take bar into consideration when investing your hard earned money. Contract is what you need and verify it for yourself before making any investment. There are shady ones but you can tell if you put enough time into researching what you're investing in. nothing is 100% guaranteed and nothing is 100% certain but you can sort out what is good and what is not worth checking out.
Title: Re: WARNING! this is very misleading Post by: coin-investor on July 29, 2019, 01:22:41 PM This is the most misleading tool developers employ just to lure investor if you are a new investor you might fall into this, but everybody here knows that it can be manipulated, people should doubt if a project with a bad reputation and uses that kind of tool getting a high grade using that tool and you are a bad investor if you think that developers are very honest.
Title: Re: WARNING! this is very misleading Post by: patz22 on July 29, 2019, 01:56:57 PM Good point right there! I definitely agree with you OP most investors are depending on that and for us to ensure that there would be no issues at all, they must add the address on where funds were sent to for transparency in that way there would be suspicious in both parties.
Title: Re: WARNING! this is very misleading Post by: kak uli on September 26, 2019, 11:57:34 PM a lot of people are fooled just by the status bar that doesn't work according to reality ... they just made an image just to attract investors to invest in their project ... but I never looked at the status bar if I wanted to invest ... I always see various aspects to find out the progress of the project ... so that I don't take part in a project that will scam ..
Title: Re: WARNING! this is very misleading Post by: MCDev on September 26, 2019, 11:59:25 PM a lot of people are fooled just by the status bar that doesn't work according to reality ... they just made an image just to attract investors to invest in their project ... but I never looked at the status bar if I wanted to invest ... I always see various aspects to find out the progress of the project ... so that I don't take part in a project that will scam .. 100% of projects give a status bar on the situation of calling for capital, they are certainly scam projects. I never believed in and participated in projects like that, which was ridiculousTitle: Re: WARNING! this is very misleading Post by: bgaf on September 27, 2019, 12:08:10 AM That's the problem nowadays, the crypto community is easily fool on this kind of information. They can even put hardcap if they want just to impress the community. This is not new actually, but a wise investor should have asked for contract or the address where the funds coming from the sales will be received and we can really see if they have funds displaying from that scale bar which isn't a good basis for investment signal.
Title: Re: WARNING! this is very misleading Post by: BennyK on September 27, 2019, 12:21:19 AM Please fellas take a minute to look at the image below These are some of the misleading factors about ICOs which have led to the dwindled interest of most investors in ICOs. Now, most investors prefer joining IEOs to ICOs. IEOs are well structured and organized in token sales as the exchange platforms serves as intermediaries between the project and the investors. Orders made during the sales are made visible for investors to see without any alterations.https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap,what came to surprise me is some investors depends on this bar to decide whether they will invest or not,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches,no knowledge is lost and knowledge is indeed powerful. Title: Re: WARNING! this is very misleading Post by: joromz1226 on September 27, 2019, 01:10:49 AM Please fellas take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap,what came to surprise me is some investors depends on this bar to decide whether they will invest or not,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches,no knowledge is lost and knowledge is indeed powerful. If you will become neglectful and no knowledge about checking the good project, you will always be a part of the scam projects. This is the bad side of most ICO project, where transparency is not happen to their community and the scammer are free to do anything they want for the victim. While in the IEO there is a high chance for you to be safe in my opinion. just look at the image of your illustration it is obviously misleading for the investors so be careful. Title: Re: WARNING! this is very misleading Post by: setialovers on September 27, 2019, 07:17:22 AM With that picture, i think they want to tell the investors that the project will keep running no matter how much money raised after this. Many peoples are afraid to invest because their money will be refunded back if the project failed to hit the softcap, but not afraid if they know the project already hit soft cap. so yes, this picture is used to attract more peoples to investing on the project. I think a picture like that is displayed to show that the developer team is transparent in raising funds. By demonstrating the progress of fundraising, the developer team expects investors to be more confident before investing because showing that a soft cap has been achieved means that the project can run Title: Re: WARNING! this is very misleading Post by: jorenpo on September 27, 2019, 07:20:51 AM don't be fooled by just the price bar. ask for the receiving wallet to take a look at yourself.
and also don't just depend on an ICO to take a look if the project is good. read their whitepaper maybe. Title: Re: WARNING! this is very misleading Post by: Kezacky on September 27, 2019, 07:26:13 AM yes you watched well, don't rely on the bar or fundraising display as explained above, I was one of the victims when I first invested in the project, I thought the chart had passed through softcap I thought it was safe but it turned out to be bullshit that the project was displaying the bar is not original & does not reach softcap at all. this is my experience when I was a beginner
Title: Re: WARNING! this is very misleading Post by: btcmegastar on September 27, 2019, 07:32:45 AM don't be fooled by just the price bar. ask for the receiving wallet to take a look at yourself. and also don't just depend on an ICO to take a look if the project is good. read their whitepaper maybe. Yes, the price bar will be controlled by the admins, so we need to check them through their smart contract how many coins have been sold. Yes, if a project looks good, then it is good to read their white paper because after their crowd sales they should follow their white paper for developments. Title: Re: WARNING! this is very misleading Post by: judeafante on September 27, 2019, 07:40:32 AM Please fellas take a minute to look at the image below https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap,what came to surprise me is some investors depends on this bar to decide whether they will invest or not,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches,no knowledge is lost and knowledge is indeed powerful. This should never be included, as one of the criteria on picking the right coin to invest it is very manipulative, it's just a php script and or a plugin that people can set up, and set the number it's not even in my criteria and I recommend people never choose or even check it always check the potential in the market. Title: Re: WARNING! this is very misleading Post by: SummerBliss on September 27, 2019, 07:47:51 AM yes you watched well, don't rely on the bar or fundraising display as explained above, I was one of the victims when I first invested in the project, I thought the chart had passed through softcap I thought it was safe but it turned out to be bullshit that the project was displaying the bar is not original & does not reach softcap at all. this is my experience when I was a beginner Most of the time ICO owners claim that they raised X amount in pre-ICO or pre-sale. Usually, this amount is somewhat more than soft-cap and there is no trace of this amount on-chain too. This has become popular way of serving manipulative data since 2018. Before 2018, the concept of pre-ICO was not common but since 2018, almost every ICO starts with pre-ICO and this is to serve wrong data as highlighted in OP. This is one of the hundred reason why I no longer trust ICOs and I never invested in one since January 2018. Better to go with listed coins. Title: Re: WARNING! this is very misleading Post by: slaman29 on September 27, 2019, 07:54:08 AM That's the problem nowadays, the crypto community is easily fool on this kind of information. They can even put hardcap if they want just to impress the community. This is not new actually, but a wise investor should have asked for contract or the address where the funds coming from the sales will be received and we can really see if they have funds displaying from that scale bar which isn't a good basis for investment signal. Who ever said crypto investors were wise? But this is the thing with this new economy in crypto. Ask for any of that standard information you would 100% expect in a normal investment opportunity or even an IPO and you won't get it. Billion dollar ICOs or 100s of millions ICOs like Tezos or even like EOS. You think they gave any of that? Title: Re: WARNING! this is very misleading Post by: ganeshramk on September 27, 2019, 08:03:06 AM Legit projects always post their wallets for public to verify them before they make decisions. Many projects are not doing that. As a investor, we can just ask for that details. This is not wrong also. Project might make deliberate attempt to not giving such information. Then that project should be a miss for me.
Title: Re: WARNING! this is very misleading Post by: Samayuki on September 27, 2019, 08:24:33 AM Legit projects always post their wallets for public to verify them before they make decisions. Many projects are not doing that. As a investor, we can just ask for that details. This is not wrong also. Project might make deliberate attempt to not giving such information. Then that project should be a miss for me. I agree with you, projects of today always find it hard to come out in the open, they are very secretive and shady, if you ask some questions about how much they've made from a certain sales or try to ask for prove they might block you in the process, every projects needs to be opened to investors, its a good way to gain the people's trustTitle: Re: WARNING! this is very misleading Post by: gurunanakji777 on September 27, 2019, 05:44:31 PM It's quite tough for investors to decide whether they are investing in genuine project or not because one can not rely on the stats provided on projects website sometime it can mislead the investors its always not reliable. Stats sometimes entice the investors and trap them So it's always better to research yourself before investing in any project.
Title: Re: WARNING! this is very misleading Post by: Avirunes on September 27, 2019, 05:49:27 PM I find it very awkward that there are investors who rely on stats generated by investment from other investors. It's same like relying on someone's research. You should do your own research and invest. It is really foolish way to invest. If you are gonna invest like this then better give your money to someone in need ..they will find better use of it.
Title: Re: WARNING! this is very misleading Post by: tippytoes on September 27, 2019, 05:51:27 PM Legit projects always post their wallets for public to verify them before they make decisions. Many projects are not doing that. As a investor, we can just ask for that details. This is not wrong also. Project might make deliberate attempt to not giving such information. Then that project should be a miss for me. If a particular project provides their wallet address along with the stat bar. Now, it means something very positive for the project. They are not hiding anything and are really transparent to their investors. You have to save that project, take a second a look because that project is very rare and might turn into a gem in the future. Very few can be open that much to their clients. Most are just showing their stat bars which can be heavily manipulated and so it is the responsibility of the potential investor to have a deeper study of the project. Title: Re: WARNING! this is very misleading Post by: jhongzjhong on September 27, 2019, 05:59:32 PM I find it very awkward that there are investors who rely on stats generated by investment from other investors. It's same like relying on someone's research. You should do your own research and invest. It is really foolish way to invest. If you are gonna invest like this then better give your money to someone in need ..they will find better use of it. First, thanks for OP's post that give information to investors and bring awareness to them. That is the first thing to do have research and don't rely upon with stat bar shown. This kind of fooling people is a marketing strategy for them, investors may attract and think that the project has a huge of investors by showing fake stat. There's nothing we can do is just to have a very dip research while looking a good project. I guess 1-2 days investigating the background of the project will be fine at least you will know.Title: Re: WARNING! this is very misleading Post by: Ucy on September 27, 2019, 06:07:04 PM a lot of people are fooled just by the status bar that doesn't work according to reality ... they just made an image just to attract investors to invest in their project ... but I never looked at the status bar if I wanted to invest ... I always see various aspects to find out the progress of the project ... so that I don't take part in a project that will scam .. Anyone can code a statue bar to do whatever they want. There wouldn't be any easy way to publicly verify the amount raised by project developers if they aren't totally transparent about it. Investors should only trust their claims if they provide solid ways to verify the real amount. Blockchain exist to help in the area of transparency and immutablity but some tend to avoid this just to stay in the dark. Title: Re: WARNING! this is very misleading Post by: Weng simok on September 27, 2019, 06:17:06 PM A bar that is not moving at all cannot be a benchmark if their sales as seen in the bar, it is straightforward to manipulate the results they can achieve so that they will be able to make excuses to deceive investors, I think now investors need information that is accurate and reliable to the results achieved by the ico project during the sale, and we cannot trust claims made unilaterally by the developer without public disclosure of the results achieved. Indeed, investors should be careful about claim projects like this.
Title: Re: WARNING! this is very misleading Post by: zenhu on September 27, 2019, 06:26:40 PM That why IEO replaced ICO method for initial offering, the team just give fake sales data to the investors which is can make investors interest to buy lot of coin because many people want, more demand for that coin then they think it will be easy to make it profit quickly.
Title: Re: WARNING! this is very misleading Post by: cudora on September 30, 2019, 03:04:51 PM Almost every token sale indicator is fake and it does not matter if it is an exchange website or their own one. The only real way to find out the sales progress is to find smart contract address and to calculate the income on your own.
Title: Re: WARNING! this is very misleading Post by: Masyudhi on September 30, 2019, 03:14:07 PM Please fellas take a minute to look at the image below In my opinion, what you say is very good information. It is true that some projects could fake their bars to attract investors because with the high bar or fundraising almost reaching the hardcap it will make some investors think, this must be a good project because they can raise funds so much that many investors decide to invest in the project without analyzing how the project is. So, in my opinion it all depends on how every investor observes various projects before deciding to invest in the project, so be careful.https://i.imgur.com/ltMcM7V.jpg Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap,what came to surprise me is some investors depends on this bar to decide whether they will invest or not,they want to be sure that more investors are buying well you might be wrong. 1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest. 2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges. 3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end. Rely more on your researches,no knowledge is lost and knowledge is indeed powerful. |
