Does ICO developers truly believe in their projects

[leea-1334]

To be more accurate,many ico developers don't believe in their project.
Many ico developers focus on the profit to be made without minding how to drive the project to the mainstream just because they don't have the experience needed.
To make the matter worse,some ico developers made millions of dollars from ico but at the end of the day they will manage to list on one small exchange and at the same time dump a huge amount of its tokens on people.
Some developers will even build unsecure Dapp no company will use telling its investors that once big partners come,the price of its token will move up.
The problem is that most people don't research to know the track record of the developers .some ico developers are faceless telling you they can run away at any time.
We know the howpeople lost huge amount of money in lending icos.
Now,people with foresight are not buying icos unless they see its potential after they have seen the developers are implementing what is written on its white paper or working according to its roadmap.
some icos are overrated by some crypto YouTubers of which sometimes price normally dumb below the ico price when listed.
The question is, if the icos developers truly believe in its project why are they dumping huge amount of token on people?
What makes a coin to have value is buy plus hold but one is not expected to hold worthless something because if some icos don't have a real working product,and etherium platform has made it easy for them to lunch token anytime they want.

This is true. But this is the wider problem with the crypto industry. Everybody is focused on making profit, and so few of the projects, so few of the developers and so few of the crypto community and users are focused on anything except profit.

I admit, I also buy and sell some crypto for profit, with only profit in mind and not really caring about the use and technology. But I add to my portfolio every few months either new tokens from ICOs which I no longer want to do because of so many issues. Now I just stick to buying older coins I already have and maybe this year I thought to add a few more ERC20 tokens, but only the ones I want to use so now I have 2 new ones which I hope to earn from bounties, if they keep paying me dividends and I can use them, then great. But I am feeling less confident now that developers care, because after ICO they all keep quiet and stop developing and focus on listing.

[JCLee]

If token is good so developers no need to spend money that they got from ICO to buy their token back cause so many investors and traders will wanna buy this token because of its quality and project behind . Or maybe they're too busy to focus on developing their project so they don't have enough time to care about their token. LOL.

[Camus]

If token is good so developers no need to spend money that they got from ICO to buy their token back cause so many investors and traders will wanna buy this token because of its quality and project behind . Or maybe they're too busy to focus on developing their project so they don't have enough time to care about their token. LOL.

Of course there are developers who sincerely believe in their product and expect success. But buying your own tokens is not the best strategy. Tokens should be bought by other people, new participants are needed for growth.

[Bellator]

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.

Legit ICOS were developed to create a function in a certain projects,yes they positively believe in their projects that is why they're hiring bounty hunters to promote their projects to earn funds for their upcoming plans to improve their creation to be functional as soon as it comes out in the market.
I think the circulation of token on its investor is what ICOS were aiming,the demand is very important in a coin inorder to grow its value..and its not the best option that they will buy their own products inorder to earn demands,how will they know if they successfully done it if they will buy their own tokens,how will they know if their projects earned adoption from other investors.
Just an opinion mate.

[AceDeep69]

In the case of any ICO development, the IC and the developer and the investor these two parties have to be active.If a party is inactive then the development of the ICO will not be possible.

[Traderbtcc]

In my opinion, they believe in their projects. If they didn't believe, why would they spend their time and energy in these projects. And all of them are not scams, most of the projects are real ones.

They do. But not all. Most ICOs are driven by greed and thus are only concerned with raising funds, once they do, they just hire freelancers, list on mediocre exchanges and get on with their lives with the raised funds. And even if they do believe and work to  achieve the goals, they still lose motivation over time. That has been the case. Only few ICOs founders have stand out.

[ExhibitGap25]

Any projects of ICO is build on the believe of the team of their project to become a suucessful outcome. But it depends on which goal they are aimed to. Scammers also belives that they are going to be successful. You need to be cautious.

[thunderbitz2717]

Genuine developers who develop their project because they want to bring an innovation to the community believe in their project 100%. But most of developers who just want to scam never care about the effectiveness of their project. I saw a lot of project that has serious developers and they really launch their project or make another way eventhough their sales are too low.

[richardeames]

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.

Most are just money grabbing. Money (especially on large amount) can distort our perception and integrity easily, so i would not trust any ICOs these days easily because most of them are just nothing but vaporwares that will extinct in the very near future.

[Janienregado1992]

Yeah they believe it.. Because once youre not believing on the project you handle it its just like that is your not believing on youreself.. Every developers on the ICO Always believe there self and stronger believe on there team.. To make ICOs launch smoothly..

[jayco25]

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.

Of course every developer believed in their project even price is drop its because most of them are long term and the don't want to manipulate the market they want organic rise. I believed to buy back the token dump is not the priority. Sometimes the money they raise is alloted for marketing, exchanges and development of the project.

#Support Vanig

[marksayson]

Honestly, if you read the whitepaper first you will find out all the token structures and plans. If the whitepaper doesn't include making buy backs when the token suffers from dump price. Its none of the developers concern. Instead the developer will continue on making update on their roadmap.

[setialovers]

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.

Some ICO developers having program buyback at certain level price if price drop. Too many ICOs right now and i think many scam too in that ICOs. Some ICOs dont continue the project and some ICOs having working product and running good project

[Ezenwanyi]

I do not think that some of the ico developers truly believes in their project.
Some do not even have basic knowledge about their ico projects, from their whitepaper presentation you will know that they know nothing other than to fleece investors of their money.

[Russlenat]

I truly believe that ICO developers are 101% believe in their projects because that is what they are work for, to become success and to earn, if they don't believe then why they are pursuing it!

[RiannaPal28]

I know a team that is very dedicated to their project. They are very hands on and have already won numerous awards. Check out VLUX if you want to find out more https://vlux.io/

[biogesic]

A lot of these are just cash grabs. Look, tons sprouted like mushrooms since the mania in 2017 Q4.

[AgentZero23]

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.

Some projects have a buy back program, but some projects don't have the budget to buy there own tokens. Because the projects that actually buy back their tokens are the one with successful ICO's and reached their hard cap. But even if they buy back their tokens doesn't mean the price will go up. They have to burn the tokens that they buy to surely have a long-term effect on the price.

[raimslii]

Of course, most developers believe in their projects. However, not every developer has a strategy to buy their token or coin to drive prices, each with its own pricing strategy. The project must take time to develop, the amount of money they earn from the ICO to maintain the project activity, they need to develop from the project to bring confidence to investors then it is to bring real values for their token or coin.

[Serco]

To build a project company that requires additional funds to be able to develop the project, if only using personal funds it might be very less to build a company. We know that a project needs a very large amount of funds, therefore many need funds in the project to live a long-term project.