WARNING! this is very misleading

[Samayuki]

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 trust

[gurunanakji777]

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.

[Avirunes]

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.

[tippytoes]

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.

[jhongzjhong]

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.

[Ucy]

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.

[Weng simok]

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.

[zenhu]

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.

[cudora]

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.

[Masyudhi]

Please fellas take a minute to look at the image below

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.

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.