Does ICO developers truly believe in their projects

[popsywura]

Am wondering, if all these altcoins developers that did ICO and raised millions of dollars If they truly believe in their project. If actually they believe in their tokens, why can't they be using part of the ICO money to be buying the tokens back from those who are selling or dumping at very cheap prices??

Atleast they know the amount that's in circulation since they are the one that distributed it.
Am just curious to know.

[Maikl]

In my opinion, the main thing is for investors to trust and see the growth potential of the currency in which they invested

[bitmover]

Am wondering, if all these altcoins developers that did ICO and raised millions of dollars If they truly believe in their project. If actually they believe in their tokens, why can't they be using part of the ICO money to be buying the tokens back from those who are selling or dumping at very cheap prices??

Atleast they know the amount that's in circulation since they are the one that distributed it.
Am just curious to know.

If it's not a scam, of course they believe.

Creating a ico project is creating a company. There are many risks involved, and the owner of the company is the one who is investing his time and money at the initial phases. The ico may not even cover his costs if he doesn't do it well.

[jawatulen]

Am wondering, if all these altcoins developers that did ICO and raised millions of dollars If they truly believe in their project. If actually they believe in their tokens, why can't they be using part of the ICO money to be buying the tokens back from those who are selling or dumping at very cheap prices??

Atleast they know the amount that's in circulation since they are the one that distributed it.
Am just curious to know.

thats not a good way to increase the value of the tokens,,
project dev team should increase the demands by developing the project in right directions
because as i know all money collected from the crowdsale is used to develop the project my friend

[pretfeestje]

I don't think every developer started out as a scam, at some point the developers realized that their project was too much for them and decided to turn it into an investment, in the end, I can't judge them since the purpose of any company is to make money, but they have to be more realistic and more retrospective with their ambitions, since failed projects like that affect thousands of people.

[passioncrypto]

Basically when we invest money on something that time we decide that it will worth to invest or not based on this ICO projects investor also judge this thing and they need to wait for it.

[Gaurav11kb]

It depends on the initial idea of the startup. If they just want to scam people and run away with their money then of course they don't believe in their project. But if they are serious and really want this startup to grow and become a big company then they do believe in it and work hard to make it happen. Besides that the main idea of the ICO should be good so that people will also take interest in it and invest in it.

[dewildance]

Some are definitely just laughing. Purpose to collect money. Once you have this, the project will go where it will go for a while.

[waser12]

Unfortunately such a big hype and demand around ICO become a reason of losing interest of developing the projects. It become so easy to raise money during ICO that developers lose their motivation to work hard.

[BitcoinHodler]

what ICO developers believe in is the fact that they can get a lot of newbies fooled to invest in their useless token they have just created after putting the least amount of effort in. that is why we keep seeing new ICOs and as time goes on they become less and less useful.

[CryptoToxicAvenger]

If you do not take into account the scammers, the developers of course believe in your project. I guess really educated people have a certain strategy how to deal with the tokens of project, how to implement such a project, etc.They have to keep everything under control, to develop and promote their idea.

[lizzylove2]

Anyone team that don't believe in their project, is nothing but scam. I detest market manipulation by the team. although it can be good to create awareness about the project, nevertheless, prices of coins should be decided by the traders as road map is executed by the team.

[Miles123]

Yes, they truly believe in their project, they will also waste their time if the project they develop is a scam. People who work on that has a lot of knowledge to do their best to become successful and they can help the community.

[Javi_Anibarro]

for legit project
in fact they are doing that,but they do not buy it too much because they need a fresh money to support their project.
if you are ever running the project you should have know the fact that we need a fresh money to develop it or cover its expense daily.
beside that,there will be an unforeseen expenses that might happen to your project.

lastly,if we are talking about believe or not to believe for something in cryptocurrency.
we can not tell it based on its price but instead based on its development,it's totally understandable for it to go down that deep in cryptocurrency.
because it gets manipulated.
look at Bitcoin for example if you do not believe what i am talking about.

[cpoer2011]

If they are true developers a projects not some scammers I am sure they truly believe in it. If the project is legit so developers will try to make their project succeed. But to know the legit project is hard for now one because there are many ICO that scammed us.

[HyperionXtech]

We cannot speak for all, but the HyperionX team is dedicating their lives to their project.

With the belief that we are developing a platform that will aid in the integration of average tech-users onto the blockchain. We are positive that what we are developing is necessary for the world. We offer individuals the chance to separate themselves from the centralized entities that are controlling the markets and give the people the chance to gain an understanding of what blockchain technology is and what it can do for their financial situation.

HyperionX will be a platform that is developed for the people, to help them prosper as they take control of their lives. #WithRootForce

[jackpot888]

They should believe in their projects. It is their beliefs that will do good for the project initially.

[Everglow]

Am wondering, if all these altcoins developers that did ICO and raised millions of dollars If they truly believe in their project. If actually they believe in their tokens, why can't they be using part of the ICO money to be buying the tokens back from those who are selling or dumping at very cheap prices??

Atleast they know the amount that's in circulation since they are the one that distributed it.
Am just curious to know.

Well, maybe they want their token price is controlled by the market, and the money from ICO they will use for project development. If in the Terms & Conditions, they don't mention about redemption token term, they don't need to do that.

[mihtju]

For me, this question has always been quite interesting. I think that the developers of ICO which is not a Scam just do not want to do it, as they have quite a lot of other things to do, but still an interesting question.

[scribble2]

As long as the project is not deemed as a scam, yes, they should believe in it. They did their fair share of the research to see if it is worth or not. So now they need to believe in it.