Ruffian1314
Copper Member
Newbie
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Activity: 322
Merit: 0
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December 21, 2018, 02:38:55 PM |
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Hi there! I participating in several bounty campaign. In 4 out of 5 campaign deadline was extended. In one be extend for a month, in another - for 2, in a third - for an indefinite period. Say please, this is normal or it is attribute of scam? Thank!
I think because of few reasons like not reaching the soft cap which means not enough funds to continue the project and also some wants to increase more the sales after hitting the cap so that they can fully develop the project. We cannot really tell if the project is scam or not by only extending the campaign.
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Patrix_1
Member
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Activity: 364
Merit: 10
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December 21, 2018, 04:27:19 PM |
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Due to such market conditions it is pretty difficult to collect enough funds for the projects, thats why almost every ICO gets prolonged and the bounties as well. This is pretty typical for such a market and unfortunately we cannot do something about it.
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creeps
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December 21, 2018, 04:31:45 PM |
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It's because prices are lower and ICOs can't raise enough funds so they extend hoping they will reach enough.
Yeah, there is no enough investors to support every good projects and that is why they choose to extend than to be failed. ICO is having a hard time to get back the trust of the investors because of too many fake projects. When the market becomes more stable, expect that the ICO will be in a good position again and many investors will come back and support good ICO again. Hopefully, a more regulations when it comes to making an ICO so we can be sure that the project is real and not a scam.
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Tiana1
Jr. Member
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Activity: 150
Merit: 1
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December 21, 2018, 05:24:09 PM |
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I think it's due to the deteriorating market situation and also ICo's not getting enough funds yet, so they extend the ICO and bounties. Its frustrating but there's really nothing we can do about it.
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Genemind
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December 21, 2018, 05:27:10 PM |
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Hi there! I participating in several bounty campaign. In 4 out of 5 campaign deadline was extended. In one be extend for a month, in another - for 2, in a third - for an indefinite period. Say please, this is normal or it is attribute of scam? Thank!
It is due to the bear-market. Some developers extended their ICO since most altcoin price dropped, making all the invested money in their ICO to drop in monetary value. That's why most ICOs extended their ICO.
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luckydag
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December 21, 2018, 05:33:46 PM |
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Hi there! I participating in several bounty campaign. In 4 out of 5 campaign deadline was extended. In one be extend for a month, in another - for 2, in a third - for an indefinite period. Say please, this is normal or it is attribute of scam? Thank!
It is due to the bear-market. Some developers extended their ICO since most altcoin price dropped, making all the invested money in their ICO to drop in monetary value. That's why most ICOs extended their ICO. Yes, the ICO can't collect any money. That's why they're constantly extending the date. The tokens you've already bought are not worth the money. That's why we have to wait patiently.
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Neo.op
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December 21, 2018, 05:34:47 PM |
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Most projects don't collect investment.That's why they're constantly extending the time to resume the ad..They will extend their bounty times until the market recovers.
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trade2winnn
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December 21, 2018, 05:36:36 PM |
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because now is the time, the market has been falling for almost a year, many companies their reserves that they kept in Ethereum, after collecting ISO, were 10 times less after the ether fell to $ 100 per token,that's the main reason why this is happening, I hope of course that everything will improve for the better
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Ubrfeh
Jr. Member
Offline
Activity: 238
Merit: 1
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December 21, 2018, 06:08:44 PM |
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Hi there! I participating in several bounty campaign. In 4 out of 5 campaign deadline was extended. In one be extend for a month, in another - for 2, in a third - for an indefinite period. Say please, this is normal or it is attribute of scam? Thank!
It is due to the bear-market. Some developers extended their ICO since most altcoin price dropped, making all the invested money in their ICO to drop in monetary value. That's why most ICOs extended their ICO. Yes, the ICO can't collect any money. That's why they're constantly extending the date. The tokens you've already bought are not worth the money. That's why we have to wait patiently. Well, the rate of the main tokens very much fluctuates and goes down, the projects that raised funds when Ethereum was $ 700, received maybe good money but now it turns out that they collected pennies and do not want to go on the exchange with their tokens, then only remains to wait for the market to recover
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Snaic
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December 21, 2018, 06:13:34 PM |
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Hi there! I participating in several bounty campaign. In 4 out of 5 campaign deadline was extended. In one be extend for a month, in another - for 2, in a third - for an indefinite period. Say please, this is normal or it is attribute of scam? Thank!
Now, indeed, many bounty hunters are faced with the problem of extending the duration of an ICO. In most cases, this indicates that the ICO team cannot even collect the minimum amount of money for its project and thus tries to get out of this situation. This does not directly indicate that these ICO projects are fraudulent. The extension of the ICO has become widespread this year, during a period of stagnation of the market and a fall in investor activity.
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DeKingCrypto
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December 21, 2018, 06:16:41 PM |
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I think one of the reasons is because the market is bad and it is affecting their ICO sales and that could prompt the extension of their ICO and deadline for bounty hunters.
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arimamib
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December 21, 2018, 06:18:05 PM |
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Hi there! I participating in several bounty campaign. In 4 out of 5 campaign deadline was extended. In one be extend for a month, in another - for 2, in a third - for an indefinite period. Say please, this is normal or it is attribute of scam? Thank!
Now, indeed, many bounty hunters are faced with the problem of extending the duration of an ICO. In most cases, this indicates that the ICO team cannot even collect the minimum amount of money for its project and thus tries to get out of this situation. This does not directly indicate that these ICO projects are fraudulent. The extension of the ICO has become widespread this year, during a period of stagnation of the market and a fall in investor activity. The main factor is probably because investors save their funds due to the dump market. some investors certainly do that because ICO projects in the year need more capabilities before investing
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renault18turbo
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December 21, 2018, 06:25:06 PM |
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you are right guys, most of the projects can't collect even 10% of their ico cap. For this market normal cap should be around 3-6m dollars. That's why bounty distribution is also delayed. They try to take several rounds for ico.
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xbossJ
Jr. Member
Offline
Activity: 278
Merit: 5
Invest and play
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December 21, 2018, 06:32:29 PM |
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Bounty hunting is a marketing strategy it is promotional hence most investors get to know about certain projects through bounty campaigns, the bear market has really affected investors interest in ICOs, the reason why most campaigns are being extended is because most founders of these projects believe in a bull somewhere within the period that the sells is to last, so extending campaigns is with the hope that the campaigns can further help in marketing the products and getting investors interested.
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Faireum.io Pre-Sale: 25 March 2019 ──── Invest / Play ...Or why not both?
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JuliaJi
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December 21, 2018, 06:37:27 PM |
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thats true a lot of projects on pause or extended, that is because of hard situation of market, prices are down
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ven7net
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December 21, 2018, 06:45:16 PM |
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I think that when ico prolongs its work, it is a bad signal. There are several reasons for this, these are bad fees and the bad idea of ico itself, as well as the fact that admins are scammers. In any case, the extension badly affects the opinions of the participants and may lead to the fact that many will simply leave this project. I believe that if ico is unsuccessful, you need to admit it, stop ico and give money back to investors. In my opinion, this is the best solution.
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smoolae
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December 21, 2018, 07:18:23 PM |
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The extension of time could happen for many reasons that only devs themselves only really know, but usually, the main culprit is the bad market trend/situation. When the developer team feels like it's rather hard to reach the softcap, it is more reasonable to extend the campaign.
In the end, the postponing can end up as a good thing for the dev team and bounty participants.
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accounting 181293
Member
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Activity: 662
Merit: 11
www.cd3d.app
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December 21, 2018, 07:27:31 PM |
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on average because the ico is extended or even delayed. That's why I prefer to follow Bouty who is running an ICO and has reached the softcap. because usually if I reach the softcap the duration of the ico will not be extended.
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sssergy
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December 21, 2018, 07:50:27 PM |
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This is normal or it is not any attribute of scam if project period time extension, this is means still they didn't reach the hard cap or this is another sign of successful project.
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CaMeRoNy
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December 21, 2018, 07:59:11 PM |
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Because the background of falling market cryptocurrencies, most of the projects can not collect a sufficient amount, and therefore it is necessary to extend the timing of the ICO.
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