ICOs now are asking for too much

[btyco]

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

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[Reid]

Yes, because most of them needs to pay employees, programmers, advertisements and a lot more.

I remember one ICO who got bankrupt because they didnt hit the softcap although they got 3million dollars in their offering.

Look this people needs to pay a lot of things and with just 1 million dollars it will not be enough.

Add the capital they released. I dont think that will be a small one.
This is for legitimate ICO's who have a goal.

[pawel7777]

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

You're looking at matter as if all the projects were the same. Obviously it very much depends on the project and you have to assess each individually. Just like with (other) businesses, some need few thousands to start, other could need hundreds of millions.

To be honest, having high soft-cap could add some legitimacy to ICO. If organisers intend to pull yet another money-grab scheme, they're more likely to set soft-cap quite low, so they don't need to return it if the goal is not reached.

[DonnieMitchel]

Its not about developing alone.
There's a lot of other thing involved.
Let's say it takes about a year for the token to launch again after the ICO, within that 1 year of span, all the developers and employees need to be paid, the token must be still be talked about for one year and that needs marketing, other funding, collaborations.
In short, don't just look the aim, also what it takes to achieve the aim

[Hamphser]

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

Entirely depend on what project they would tend to built or proposed even if you do tried to sum up all of the expense (labor, development) it wont really require millions of dollars which coming
to a point on where setting out a hard cap which is really very hard to reach out.I would say that they are entirely getting greedy because not all projects are really legit ones.
I have remembered the past where projects do only ask out $1M-4M which is a realistic goal.

[Ramtapsbtc]

ICO project for start needs fund to pay the compensation of the team (developers, community managers, advisors, etc) and these people are not cheap if we are talking here of talent so i think they need at least a million dollar for a softcap to endure and retain their talent for at least a year or so. Asking for $50million is too much though and i think it's an abuse.

[cytpoway121]

I think in q2 2018 till now
Icos didn’t really ask too much, they were simply greedy

Etherum was sold at 1 ETHEREUM = 350$
And some icos would insist their own 1 Etherum = 750$

Which would chase off investors and even ordinary ico participants
Trivver crashed and couldn’t reach softcap because of this

[bangjoe]

there are some projects that do require a lot of funds to realize their concepts there are also those who only need small capital so we must first assess the concept of what they apply because the concept will give us answers to how much money they need

[Qiuyue201]

Yes, because most of them needs to pay employees, programmers, advertisements and a lot more.

I remember one ICO who got bankrupt because they didnt hit the softcap although they got 3million dollars in their offering.

Look this people needs to pay a lot of things and with just 1 million dollars it will not be enough.

Add the capital they released. I dont think that will be a small one.
This is for legitimate ICO's who have a goal.

I'm not sure about that but what about these coins that didn't raised any money from the investors? You can see byteball and more free airdrop coin just like decred. but these investors are taking opportunity to doubled their money. As far as i know about the fact that icos can be considered as a game changer after crypto trade.

[batang_bitcoin]

That depends on the prospect of the project and what industry they are tackling. Including all of those expenses just to highlight and give exposure to their project, that's going to be the market cap of their token. The higher cap they hit, the potential high market cap they will start. But this business has been exposed too as a way for scammers to collect millions easily by just proposing an interesting project which really has similarity with most.

[dodgecharger]

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

There is no threshold for an ICO project to start. The problem is that if you want to make it successful, you need to spend a lot of time and energy to promote it.

[waser12]

You can't imagine the volume of costs that team should pay. High quality specialists and research and development are the most expensive costs, add advertising, road show and so on. When you will launch your own ICO than we will speak.

[Noobaru]

I totally agree with you. I've recently seen a project conduct their ICO with 1 mil soft cap and 50 mil hard cap. Crazy enough and they didn't even raise the million. As you proposed 1 mil soft and 2 mil hard would suffice or at least 1 mil soft and 5 mil hard.

[Suslura]

I totally agree with you. I've recently seen a project conduct their ICO with 1 mil soft cap and 50 mil hard cap. Crazy enough and they didn't even raise the million. As you proposed 1 mil soft and 2 mil hard would suffice or at least 1 mil soft and 5 mil hard.

Perhaps you are right, the amounts requested are really very large. On average, 20 million for the project and almost all, despite various ideas, require such huge sums from investors.

[Qiuyue201_real]

Warning! User Qiuyue201 is using stolen account!

Cancel all his bounties etc.!


Hello, scammer.

You stole my account. I am reporting this form now on to all the bounties you are attemptimg to participate in (but I am doing it at the last of the bounty so you have to work for nothing). Also reporting to all the prevoiuos bounties that ended and you were not paid for them yet. Also reporting to Bitcointalk administration that you are using my stolen account. This is second time it happened to me. Not sure if you were last time or someone else, but this time I am asking them to ban all your accouints if you have any multi accounts.

Yes, because most of them needs to pay employees, programmers, advertisements and a lot more.

I remember one ICO who got bankrupt because they didnt hit the softcap although they got 3million dollars in their offering.

Look this people needs to pay a lot of things and with just 1 million dollars it will not be enough.

Add the capital they released. I dont think that will be a small one.
This is for legitimate ICO's who have a goal.

I'm not sure about that but what about these coins that didn't raised any money from the investors? You can see byteball and more free airdrop coin just like decred. but these investors are taking opportunity to doubled their money. As far as i know about the fact that icos can be considered as a game changer after crypto trade.

[bitbabba]

I totally agree with you. I've recently seen a project conduct their ICO with 1 mil soft cap and 50 mil hard cap. Crazy enough and they didn't even raise the million. As you proposed 1 mil soft and 2 mil hard would suffice or at least 1 mil soft and 5 mil hard.

Perhaps you are right, the amounts requested are really very large. On average, 20 million for the project and almost all, despite various ideas, require such huge sums from investors.

Yeah sometimes they expect 10 million dollars for just for software, yeah i know software engineers are paid very high but project owners' acting greedy sometimes. (lots of times)

[MISS_nSTASSY]

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

There are not so many specialists and developers in the field of cryptocurrencies so they ask for a big salary. And business-plan includes spendings not for few months but for years - till the product will not be completed. So sometimes it is fair assessment of required funds.
But only sometimes. In most cases business plan in ICOs is useless paper.
By the way many projects don't even need ICO to make a product

[mirgo1791]

to work as applying use with customs on conception with the plan to run as referring use of deliverance with goods and service as developer works on extent to attains the table on market as the arbitrage trading on ethereum finance.

[Sylvial]

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

I don't have a problem with an ICO asking for certain amount of money so long as it's justified. I mean these projects are being run like actual companies with overhead costs and other sundry expenses. What I have a problem is with is a complete scam asking for $30m only to disappear into thin air thereafter.

[daladno12]

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

You are right! if there is a small team of 3 devs then they don't need 1-5 or $25M.

Only large companies with a well-working and sales generating business could ask $20-25M on ICO or token sale. Because such big companies are able to quickly and efficiently utilize a big hard cap.