ICOs now are asking for too much

[Pricebrianer]

You can’t give a Maximum to amount to be raised in ICO. firstly, these are different projects. Some difficult and more fund demanding than others. Also, the times aren’t in Favour of raising funds, people aren’t much interested interested in ICO unlike few months back.
It takes more money to run an ICO now.
Preferably, each Investor should check the project and the amount they plan to raise. You can find a red flag there.

[passivebesiege]

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?

Every project can make a target to reach, and they can make it to the larger amount of money. We don't know what exactly they want to do with that money, and maybe they need to pay every people who are contributing to the project and developing the project until it's finished. Sometimes we think that it seems does not realistic to see the number but still, we don't know what for the money they will use. I think there is a project that has a lower soft cap as you said and some of them can reach their target while the other project cannot do the same.

An ICO project needs funds or raised money to pay the team behind the projects and the other member that would help to promote the products. To develop the projects of course it needs huge amount of money.

[confreslamp]

Nobody has doubts that an ICO cannot collect 1 or 2 million USD and this is the problem. People are so scared now to invest in at least some projects, that almost no ICO can even achieve such a funny sum.

[mrkavasaki]

Nobody has doubts that an ICO cannot collect 1 or 2 million USD and this is the problem. People are so scared now to invest in at least some projects, that almost no ICO can even achieve such a funny sum.

It is because these ICO projects are actually phishing projects and it is impossible to get money from the investor. Now investors are increasingly smart and increasingly sophisticated in choosing projects

[marcitosi]

I also think that these figures are too high and they do not need so much money

[Just John]

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?

Most of them do not even need a tenth of the money that they are asking for when they are doing the ico but they ask for it anyway because they know that this is an industry that people are willing to invest in so they want to make money from it. They really are asking for too much and that is why a lot of people are very relunctant to give them their money

[Hades92]

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?

it's legitimate if it's like that but if there is an ICO that has reached the target of up to $ 20M, whatever money is made compared to what you say $ 2M, is enough. not to mention ico is a scam

[UAE Seasider]

Sorry I don't agree with you $10m is not really a huge amount of money to launch a new global business, you don't seem to have much experience of the costs involved in setting things up, they are not running a cafe or a corner shop. These funds need to support them for 12 - 24 months and there is a huge amount of travel involved especially taking part in the Blockchain events.

[krishnaverma]

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?

Actually, more that $10 mn might be needed for properly executing a good ICO. But the problem is that no one is thinking of long term and most of the project developers see their own benefits instead of that of investors.

This is also affecting the performance of good coins as it gives bad impression of crypto in general to new investors.

[hanxinvwang]

I think most projects don't need high financing at all, they spend more for themselves, don't they? Developing websites and simple products doesn't require a lot of money!

[castiloros]

This certainly depends on each ICO itself as well. ICO targets small softcap indeed achieved, but whether it will be a guarantee can go smoothly and achieve broad marketing? not necessarily. ICO with large target also certainly has big plans behind them and when encountered softcap high enough then it's a reasonable thing.

[payjoe93]

There is a lot of thing to paid for developting project.. when a project just have moderate fund, will have posibility make a project grow slowly (because lack of fund to pay experience programers, experience marketing, etc).. Good team is needed for achieving project future, and good team need paid more..

[Levious]

If the development team is not a liar, then money must be necessary and no one can leave the money. A good project is complicated and marketing is equally important. But this must be built on a real development team, and if it's a fraudulent team, it would be terrible.

[hiburak]

They basically took advantage of the market conditions, and tried to raise as much as they could. They were aware that it will be much harder for a project like theirs to raise that much money in the future.

[qiwoman2]

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.

Sorry to derail the thread please, but I hope Theymos and other admins will invest this issue and possibly ban the account thief from continued use of the account he stole.

WOW this is so sad. So many scammers in the bounty section is unreal. They do it to us as well, steal our content and usernames to claim bounties, my Husband lost a ton of tokens because we saw we were not getting paid then we saw the scammers were getting paid instead of us. It's not only time consuming doing the bounties but a real waste of time chasing the scammers as well. People want more women involved in Crypto but if the men don't clean up their act, we won't be seeing lambos and moons when half the population are kept out because they don't want to enter a space riddled with thieves, scammers, hackers and bullies lol.

[hengha]

In fact, projects that really help us don't need to raise money through ICO. There are many examples, such as Ethereum and XRP, which don't require any investment!

[rindo]

So far, in 2018, there has been a downward feeling in relation to the ecosystem of ICOs, with the great majority of them being traded below the initial price presented.

19% of people are very confident about the industry's initial currency offerings, while 36% remain neutral.

[#Darren]

It is true, in 2017, ICOs raised the bar of soft cap to 7-8 million USD, but almost every ICO has achieved the hard cap. Nowadays, even a great ICO cannot collect several million USD and I hope things will change in the future.

[Goodnuel]

Yes, I do agree with you that the icos are asking for too much money for Softcap and hardcap.. A few days ago, I saw one that asked for $50000 for its hardcap..