Cryptolord_ng (OP)
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Activity: 365
Merit: 1
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October 28, 2018, 11:05:15 PM |
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I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen . To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .
They lack the potential to manage multi million dollar gigantic project . They don't have have the potential and force needed to accelerate the project. Even some of their white paper is poorly written and unprofessional. Quite disheartening indeed
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passwordnow
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October 28, 2018, 11:07:56 PM |
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But that's not what happens.
Developers are all hoping to collect funds without anything to contribute, they may have some budget on their development start. But overall they are all passing the burden to their investors.
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Westfiled
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October 28, 2018, 11:14:36 PM |
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I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen . To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .
They lack the potential to manage multi million dollar gigantic project . They don't have have the potential and force needed to accelerate the project. Even some of their white paper is poorly written and unprofessional. Quite disheartening indeed
if they are having a lot of knowledge in the blockchain development and i guess byteball developer can be an example about how a guy without any fund can create a new system that called as DAG system. It's a new consensus system. Basically they are thinking about the Money but i have seen some projects that didn't meet the softcap have created products. that depends on how competence the developer is.
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tuthienloc92bk
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Activity: 364
Merit: 34
Fast, Smart, Trustworthy
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October 29, 2018, 07:20:48 AM |
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<...>
In my opinion, some projects do not need a lot of money which they think this is the minimum (soft cap) to implement project. As I read from some ICO advisor's comments, a project does not need millions of dollars to implement. But, as we can see, almost ICOs have soft cap which is millions or even tens of millions of dollars. Maybe we can only know when we try to implement a million-dollar project.
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BitcoinHodler
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October 29, 2018, 07:39:39 AM |
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because it is all a gamble. sometimes more people participate in your "lottery game" aka ICO and you can reach the caps that you defined fast and easy and sometimes since there are so many people burnt by previous scammers you can't meet the caps and your project fails miserably.
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Holding Bitcoin More Every Day
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nreal
Full Member
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Activity: 932
Merit: 100
arcs-chain.com
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October 29, 2018, 07:48:05 AM |
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Not all projects are like this, There are projects they have paid for themselves because they do not reach softcap, Some projects are adjusted softcap so the project can continue to operate.
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Nisharawal
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Activity: 336
Merit: 11
I am no stable coin. to the mooonn.. and back
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October 29, 2018, 09:04:32 AM |
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If the project dies because it fails to meet soft cap, it is not worth to start with in the first place. In RL none of these shits would ever make it with that bad business plan and execution..
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Mikeschmitt
Newbie
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Activity: 28
Merit: 0
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October 30, 2018, 02:36:52 AM |
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Well, the main reason is their selecting and maintaining the product isn't well planned and they don't work to make the quality high of their products. Also, they always depend on their investors without doing something productive.
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Wind_Crypto
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Activity: 350
Merit: 36
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October 30, 2018, 02:41:48 AM |
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this is why it is impt to review the project fundamentals properly before any contribution...those with weak attributes are likely to be weeded out by the mkt and not be worth much anyway...
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siena23
Jr. Member
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Activity: 2576
Merit: 1
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October 30, 2018, 02:43:06 AM |
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Maybe not all projects are like that, because right now I know and follow projects that really work hard so that their goals are achieved, he doesn't think about selling from ico. He continues to develop his projects every day, sometimes sad and also seeing seeing projects like this, ICO sales are still far from softcap.
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herurist
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October 30, 2018, 02:44:39 AM |
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I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen . To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .
They lack the potential to manage multi million dollar gigantic project . They don't have have the potential and force needed to accelerate the project. Even some of their white paper is poorly written and unprofessional. Quite disheartening indeed
Soft cap is top bottom ( limit ), reach it will bring big trust and fund to keep continue the project. If can't reach it there's no reason to keep running the project, start again with new one is more realistic step. That's my opinion but I believe that's the true, keep follow new information from developer is really important.
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Mianae
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Activity: 798
Merit: 14
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October 30, 2018, 02:48:16 AM |
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Some fail even after hitting their hardcap. Success or failure of any project is dependent on the project teams activities, their community and utility for such project. If a project has utility and good hype it scales through.
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Ridwan Fauzi
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October 30, 2018, 02:54:29 AM |
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It should be possible like that, the developer will also get a hug profit when the ICO is successful and reaches the target. But if they only rely on the capital that must be fulfilled and depends on the investor, most likely a project will just be destroyed. Developer ICO projects that have good intentions to succeed in the projects they make, I'm sure they will work hard to make the project a success, they will not just spend their energy and brain but they will spend money if needed.
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SuiMikira
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Activity: 364
Merit: 10
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October 30, 2018, 03:29:49 AM |
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Because soft cap is the minimum funds that they had calculated to be used for company operations, pay for offices, staffs, advertising, release products. Causes they are new startups, they don't have initial funds to keep the company active so they must run the token sale to raise funds from investors. If they could not meet soft cap, it is clearly that they could not continue developing their vision and product, they must stop the project, it dies.
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Fulmand
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October 30, 2018, 03:32:05 AM |
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I think some depends 100% on ico with nothing to contribute, i believe a developer needs to have at least 30% of fund needed before doing any ico, but most developer thinks wonder will happen . To make matter worse, sometimes, even though the hard cap is mistakenly met, they will be giving excuses upon excuses .
They lack the potential to manage multi million dollar gigantic project . They don't have have the potential and force needed to accelerate the project. Even some of their white paper is poorly written and unprofessional. Quite disheartening indeed
Soft cap is top bottom ( limit ), reach it will bring big trust and fund to keep continue the project. If can't reach it there's no reason to keep running the project, start again with new one is more realistic step. That's my opinion but I believe that's the true, keep follow new information from developer is really important. Failure to have the softcap couldn't generate a volume for the trading funds, so the devs will declare failure of the project. Since many projects right now is not doing good or better progress, more investors were very hesitant to invest for new one. That kepts us finding more ways on how to make some projects better in order to become successful, but somehow a struggle specially on the person who handled the ICO.
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Sevarchik
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Activity: 420
Merit: 10
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October 30, 2018, 03:35:01 AM |
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Its logically, if they dont meet even soft cap project cant go forward. Soft cap means minimal funds needed to release their product They should refund investors and going back with fixed old problems at better times
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senyorito123
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October 30, 2018, 03:44:59 AM |
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A projects will die if they didn't reach the softcap it is important to them to raise money in the TokenSale to continue making a improvement of a project,without funds no one will work to improve the project because the team behind needs also payments for their hardworks and if a project is making a good development they needs funds to do it without funds they cannot make good improvement.
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ufaiz50
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October 30, 2018, 03:50:52 AM |
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Softcap is used for the minimum cost in developing their products, I mean it is normal if a project does not reach the softcap then it will not further develop the project they make, and for all projects the most important constraints are funds. I don't really want to comment on or blame what is in the project, be it a developer, team or anything involved in handling their project.
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Mickie James
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October 30, 2018, 03:58:19 AM |
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Most ICOs nowadays don't have a strong leader nor a good development team in order to voice their idea, give the investors a proper idea for their direction they wanna take and the overall strength of the team that they can make it happen. If you're gonna leave it all up to the investors without any sign of how the progress is going it is obvious that people won't be keen on investing and help reach the cap. If these new ICOs that are actually good have a better plan of execution they can succeed in the market and not be overshadowed by these scam ICOs that are giving a bad reputation to the market.
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bolshojkush
Sr. Member
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Binance #Smart World Global Token
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October 30, 2018, 04:01:18 AM |
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And why spend your money when you can collect them from other people and then if nothing happens just to shrug and say-sorry did not work.
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