Just a quick question

[thinklab71]

When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?

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[jbautistangina]

When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?

As far as i know they could use the funds they have raised anytime they want so that is the risk of joining these ICOs,but morelikely if they get a softcap there would be a public sale,ICOs has a lot of factors to be considered like product,the team,roadmap,whitepaper,partmership etc. so you need do deep research each things you need to know so you can achieve success.

[lelou]

It depends to them I think, maybe they need to finish the crowdsale before spnding it to the projects so they can allocate the funds from different parts of the projects they reached.

[ghonkz]

Yes they can, softcap designed so they capable of working the project with that money. And hard cap is money for some other thing or improve the project so the result will be better, cause the budget much more bigger.

[lucemferrum01]

When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?

What do you mean by take and use the fund? for the actual project or to their personal interest? I think those funds that invested to ICO companies are in the hands of the people running the project and they have total control of it specially when part of their rules are not included a certain assurance on how these funds will proceeds.

[thinklab71]

No I was asking if they get to use the softcap, do they use some of that to promote their token to reach the hard cap.  Like using some softcap funds for advertising to really push the hard cap

[cryptonero]

No I was asking if they get to use the softcap, do they use some of that to promote their token to reach the hard cap.  Like using some softcap funds for advertising to really push the hard cap

Not really,if the softcap was raised faster than their targeted date they would try to reach the hardcap,it is really depends on the campaign treasurer if they will use the funds for their personal use,but morelikely they dont pay people using the raised money to advertise them,bounties are doing that they will pay people with their tokens.

[Hipag]

If they are using some of the softcap, maybe because they want to become  successful  for the good of everybody

[PetrovichCoinMaster]

It is unlikely that the company will use the funds received until SoftCap is reached because if they do not collect It, they will be obliged to return the invested funds to investors. This statement is more applicable to projects receiving funds on a smart contract.

[setifien19]

can the company running the ICO take and use the funds once the soft cap is reached

Yes they can since" a soft cap is the amount received  which corresponds to the success of the crowdsale "  they can freely do it .
 As far as I know, most ICOs don't reach the hard cap , so they only have to rely on soft cap collected amount

[just_Alice]

When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?

If you mean "take and use" to meet own needs, isn't that how fraudulent ICOs work sometimes? If the fund-raising operatives aren't regulated by any financial authorities, like SEC, for instance, whoever is running the company and has access to the funds is free to steal. If you mean if the team is able to start developing a project before raising a hard cap - depends on a project, but mostly, yes, once the soft cap is reached the company can start working on the emission.

[zopply]

well they can basically do whatever they like. As an investor in this scene we have no control whatsoever what they do with the funds once we send them. That's why 90% of ICO's are just pure rubbish that never eventuate into anything at all.

[Kizaki]

When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?

I think that the owner can instantly use any funds invested in their ICO because the purpose of doing an ICO is to gather funds to develop, improve, advertise, and pay expenses for the project before launching it. When ICO hits it's soft cap the owner has an option to use the funds for the projects improvement and other purposes.

[WNbahr]

When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?

it is highly dependent on the policies they make because their influence is crucial to how the next action will be in determining the ICO they will develop or discontinue. I do not think it's a normal problem because it involves a fairly risky financial expense. This is certainly not an easy thing without a careful consideration.

[sunX3]

You never know if they'll take the money and run. I guess that's why most ICOs are scammy. It's really hard to find a good one.

[Lerikaweb]

They actually can,  but they won't. They set some price for their token during the ico and any changes are bad for their reputation.

[captaincomet]

They can. They will use the funds for development, which will allow them to further attract more investors

[cryptopusa]

If the crowdsale was success and reached the softcap,they can do anything they want to the money they have raised,they can use it to develop the project or they can runaway and never comeback,but morelikely these ICOs if reached the hardcap they have more chance to achieve success in their project.But we wont know how will they spent the money that they have raised,its their money not ours.

[Wipro]

No I was asking if they get to use the softcap, do they use some of that to promote their token to reach the hard cap.  Like using some softcap funds for advertising to really push the hard cap

Softcap projects achieved their target easily without bug promotion. If the team financial strength is more, some may use the signature and other bounty promotion options.
If you are part of any project and want your project to be managed by the perfect hand and get quality as you expected. Atriz would be the right person here in the forum.

[Igromania]

They can. They will use the funds for development, which will allow them to further attract more investors

That is, they can receive money and immediately spend it to attract new investors? Is it possible?