I would like to be informed on what happens to your investment if ICO didn't reach its minimum capital. As far as I know, ICO will be refunded to its investor. But a particular ICO told me that their project will continue and the coins will still be on exchanges even if didn't hit the minimum cap. Is this true? or is it possible to be a scam? Thank you for your responses
It's good to possess the spirit of transparency and honesty. Whenever it happens that a particular ICO can't meet up with the minimum cap "soft cap" and still didn't refund investors funds, in some cases it's not a conclusion that the ICO is purposely organizing to scam.
For every legit launched ICO hope for the best, probably they might have better plans to bring their dream in to fruition and also it can be a scam. But, the best practice should be when a launched ICO is unable to reach its soft cap, investors funds should be returned with immediate effect.
Several failed ICO in the past has put such into practice to mention a few Swapy, Trendit. Like this new project "Linkchain", it stated clearly in the whitepaper that "Investor's funds will be held in escrow. If for whatever reason the soft cap is not reached, 100% of token buyer funds will be returned". Which is a good practice?