I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.
This may be a good project, and fraud. On the one hand, the fact that the ICO team claims that they raised 50 million dollars during the ICO may not be true. On the other hand, the current situation in the cryptocurrency market is very complicated and many projects simply do not want to pay off investors and headhunters and transfer their tokens to the stock exchange so as not to degrade its price. Therefore, they delay time in the hope of a favorable change in the market situation. Basically, it makes sense. However, many ICO fraudulent projects also take advantage of this. Therefore, it will be known only after a certain time.
totally agree with you, the current ICO projects are popular with using some tricks such as gaining softcap, raising a large amount of capital from private sale. Maybe they are not really bad, but I always ask the team about their ICO wallet address
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