Raidal
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December 24, 2018, 05:18:09 AM |
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I was also one of the victims of the extension of this bounty campaign. Even some of the bounty campaigns that I followed extended their bounty campaign. Some bounty managers said that the ICO had not yet reached its soft cap so the bounty campaign had to be extended. In my opinion, this condition is reasonable because in recent times the price of crypto currencies has been very volatile and ICO is very quiet, so it requires a harder effort to build ICO trust so that there are many investors. In addition, the extension of the bounty campaign period was due to a shift in ICO planning due to uncertain market conditions.
Right what do you say that some of these bounty campaigns extended their campaign period because of the soft cap that had not been achieved. Indeed the decline in bitcoin prices is very influential on the ICO because public confidence in the crypto currency has diminished. This reduced trust has made it difficult for investors to invest in the ICO so that the target of soft caps has not been achieved. Besides that, I will only add another reason for the extension of this bounty campaign, in my opinion, the bounty campaign extends its campaign time because of planning points that need to be matured. For example, it turns out that in the implementation process it takes longer to carry out each planning point. This caused the bounty campaign time to become an impact to be extended. I'm sure all this will end when the price of the crypto currency is normal because the price of bitcoins as kings of crypto currency greatly affects the price of coins or tokens offered by ICO as well.
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senin
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December 24, 2018, 06:53:09 AM |
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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!
In the second half of this year, almost all the ICO campaigns in which I participated also extended the dates for their ICOs. This does not mean that these ICOs are fraudulent. This is due to the general poor state of the cryptocurrency market and the fall as a result of this activity of investors. These ICO campaigns cannot collect, as a rule, even the minimum amount and therefore thus save their projects. As a result, often the duration of the ICO began to exceed 20 weeks. This, of course, is not very good for bounty hunters.
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UnDerDoG81
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Activity: 2183
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December 24, 2018, 07:09:24 AM |
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I think the main reason is they don't reach its target market cap so they will extend the bounty campaign to extend also the marketing, it is also because all ICO are also affected of bitcoin fall down and most of the investors are won't invest anymore, maybe on they have enough holdings or afraid of scam ICOS.
As for me, I think that's because they changed their marketing tactics. There are quite a number of campaigns I've ever done, and know that they change public sale dates for a number of reasons. And of course they will also reschedule the end of the bounty according to it
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martabaktelor
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December 24, 2018, 07:22:39 AM |
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This year is common if the ICO project is extended in duration. I personally realize that many ICO projects are extended because of the market situation of crypto coin in depression. But if later the market can rise again so high, I think many projects can succeed.
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Grechkatx
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December 24, 2018, 07:25:06 AM |
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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!
This is normal and the first indicator that a campaign is responsible for its product. Just not enough investment capital, who ate bears. So wait.
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taliwang
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December 24, 2018, 08:46:40 AM |
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usually that is something that is already normal in a bounty campaign, the cause is probably in terms of ICO who have not reached the softcap and still need a longer marketing strategy so that it will extend the bounty campaign.
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Gabri
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December 24, 2018, 08:58:02 AM |
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The market is falling, many projects simply do not have enough money to continue their activities. Therefore, the duration of the ICO increases. Respectively, and this increases the duration of the bounty companies.
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Svarora
Copper Member
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December 24, 2018, 09:28:47 AM |
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The market is going through hard puasa. It become difficult for manager to raise adequate fund in limited time. So they extend the bounty time. Once this phase is over and bounty recover, these bounties will give good return
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burky156
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December 24, 2018, 09:42:06 AM |
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I think the biggest problem in here the price change. For example you invest in some ICO's in early times, like 6 months ago, the ETH price were $450, but now if you check the price is $130. So when ths happens how the project goes well? There is no cure for this problem as far as know. Also the project usually can't reach the cap, not the hard one i am talking about the soft cap unfortunately.. And also in 2018 %70 of ICO's turned as a scam, this is the one of the biggest problem.
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FLHippy
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December 24, 2018, 09:47:24 AM |
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Because ICO projects extending their sale due to market situation, they need to collect more money to successfully launch their projects. Hard days for everyone, but soon everything will change.
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thepanicpoint
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December 24, 2018, 09:52:26 AM |
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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!
Because the teams can't collect money which they aim and then they extend the ico time, so then bounties extend also this is foregone conclusion. When market returns to green back, icos don't extend like now.
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bitkanu
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December 24, 2018, 09:59:30 AM |
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I think the main reason is they don't reach its target market cap so they will extend the bounty campaign to extend also the marketing, it is also because all ICO are also affected of bitcoin fall down and most of the investors are won't invest anymore, maybe on they have enough holdings or afraid of scam ICOS.
It's not. The correct reason should be they have tried to avoid the bearish market and that's why most of icos are extending their bounty campaign.I thought that even there were some of them have raised a lot of money still tried to extend their bounty campaign.
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Bitknick
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December 24, 2018, 10:05:10 AM |
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This is mainly due to the fall of the market, as a result of which projects cannot collect the required amount, although scams are not rare!
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yesyes18
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December 24, 2018, 10:14:14 AM |
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That was because no one was investing and they were all thinking maybe it would be good to extend with the intention that the market will recover very soon. But it seems we were all dragged down by the general market amd so many of those bounties never paid, others cancelled their projects and others also overextended with some even into Q2 2019.
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dulinivanrus
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Activity: 210
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December 24, 2018, 10:25:10 AM |
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If we are talking about ICO projects, this is due to a lack of funds collected, but if the project launched the main sale and then extended the conditions for the collection of investments, I do not consider it normal.
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kenjionline
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December 24, 2018, 10:50:10 AM |
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This is a common phenomenon at the present time. But it has no effect. I can't remember a single project that extended the bounty campaign and it helped raise a significant amount of money.
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cryptolord2077
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December 24, 2018, 10:56:10 AM |
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The main and most obvious reason is that projects cannot collect investments on time, and there are 2 ways in front of them, agree with this and leave the distance, or extend the company in the hope of raising funds.
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valuater
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December 24, 2018, 11:14:22 AM |
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Extended campaign time is due to very little funding from ico, for scam problems it seems not, but clearly the bounty reward will be given longer if this happens
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donass1
Copper Member
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Activity: 226
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December 24, 2018, 11:14:27 AM |
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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!
The phenomenon started when ICOs hoped on telegram participants to raise 80 percent of Soft cap for the project which is now unusual unlike last year. Project developers should focus on seeking a greater percentage of their investment seeds from institutional investors.
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karagun125
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December 24, 2018, 11:25:53 AM |
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I think that every ico extends their project because of not yet reaching the soft cap. And there is also projects that extends their project due to their bounty allocation that is to distribute.
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