Postponed ICO after bounty campaign

[Sanford]

This is not clear to me. If you release a product you will raise money anyway. By giving beta you will collect even more money. I think the developers have become scammers too. Without money, they do not want to do nothing.

[Thanasis]

If the team did a bounty campaign already for weeks and postponed the ICO after they  see the bear market hasn't yet ended, do you think they are best to wait for the market to get better or just continue the ICO?

If they already have a working product, why not jsut continue the  ICO after all, they  just need few funds.
By the way Lyfe Project collected overwhelming  funds in  this bear market.

Here are list of projects that did it;

blackbox
WeiDEX
BXBET

I think they also claimed they do have a working product.

Some of the bounties even continuing without any notices to the participants after pausing or postponed their ICO so we need to work until they resume it.I won't stick to it and I won't care about they are paying rewards for the done weeks,just move and and find better one than waiting for nothing.

[LordShanken]

This is not clear to me. If you release a product you will raise money anyway. By giving beta you will collect even more money. I think the developers have become scammers too. Without money, they do not want to do nothing.

They do not have to be scammers. If the bounty program was during a big price drops in Q4 last year, they probably collected small amount of funds. They have a choice, or postpone the ICO for a better moment on the market, or return funds to investors and announce that the project has failed. I think that if they put in so much effort till now, it's better to try it in better moment than give up.

[TrevorS]

I think that despite what is the trend in the market, if the project has a working product and means, then they should continue ICO with the subsequent entry into the market and the start of work.

[Vektrum]

If the team did a bounty campaign already for weeks and postponed the ICO after they  see the bear market hasn't yet ended, do you think they are best to wait for the market to get better or just continue the ICO?

If they already have a working product, why not jsut continue the  ICO after all, they  just need few funds.
By the way Lyfe Project collected overwhelming  funds in  this bear market.

Here are list of projects that did it;

blackbox
WeiDEX
BXBET

I think they also claimed they do have a working product.

There can be no general recommendations. Virtually every ICO project has its own individual circumstances. We know that it is very difficult to conduct ICO in the current state of the cryptocurrency market. However, more and more ICO teams use this to violate the rights of bounty hunters and not to pay their earned tokens. Therefore, it seems to me that it would be better for the ICO teams to distribute their tokens to the wallets of the participants of the ICO bounty campaign and block their movement for a certain time.

[darmin]

see current conditions I think they are just too afraid to take risks. many large projects and even judged well into fall when ICO is complete and certainly many do not dare to do this because of those reasons. then take the risk it is better to wait until the situation improves.

[bassbity]

They can't continue because they think that its not the best time to launch their product. Their major concern is the current market situation which will give big effect if they'll pursue.

I see that weidex before and I thought its going to be huge, so that's the update they stopped?

Not that weidex launched the exchange but I didn't know about it, was it really stopped?

[royalfestus]

Add raincheck to your list. Another challenging thing is, some already existed but want to get on blockchain. They should have a better valuation for their products and should ask a smaller fund that can be raised in a short time but they still demand for funds that are over the roof. sometimes I think these project are all just exploiting the space to get rich. They dont necessarily need ICO, they should rather do IEO and see how much people can buy

[overnight03]

I also met a lot of projects like that, they said that due to the bear market, it would not be convenient to distribute tokens to the bounty hunters, I hope it will be a good strategy for them.

[jahepahit]

In my opinion waiting for the market to recover is the right choice because if the market improves they will easily get a lot of funds, and in my opinion those who continue to run the ICO because they do have large investors

[rachman mahesa]

In my opinion waiting for the market to recover is the right choice because if the market improves they will easily get a lot of funds, and in my opinion those who continue to run the ICO because they do have large investors

Most are indeed the right reasons to wait for the market to recover. And there are also projects that are running after the prize campaign. And the project was a big success. But the exact reason for the delay after the prize campaign actually doesn't matter. Because with the aim of waiting for the market to recover.

[bittraffic]

In my opinion waiting for the market to recover is the right choice because if the market improves they will easily get a lot of funds, and in my opinion those who continue to run the ICO because they do have large investors

Most are indeed the right reasons to wait for the market to recover. And there are also projects that are running after the prize campaign. And the project was a big success. But the exact reason for the delay after the prize campaign actually doesn't matter. Because with the aim of waiting for the market to recover.

Lets say the market will bounce back in two years which most probably what will happen, will they wait til some team creates a similar project with them?

Is the market really this low that they didn't get anyone to fund them as I can see no investor had tried to ask for refund. Do you mean to say those investors just shook heads and forget?

[Ini35]

The team of the project understands more what is happening in terms of sales. So they are in the best position to know what will work for them, except they are not professionals.
I took part in a project called PharmaTrust. This project postponed its crowdsale, because its target was to make hardcap. When the sales was later opened, INA short while, the hardcap was met.

[coinbirds]

Bear market is a type of a market and it can last for years.
The projects has to adopt to the market and not the opposite.
If there is a working product they should continue with found raising.

[raidarksword]

Projects that started on bear market last year are ended up delayed or postponed due to the fact that it didn't gathered much funds for a project to resume or continue in the midst the situation that affects the crypto community last year. It's best for a project to continue to gather more funds this start of the year because i believe crypto market is gaining a revival and stabilizing prices in the market is stable for now.

[defoman]

I believe that it is impossible to stop and we need to continue the ICO. If you have a good idea and a good team, you can attract investors even in the bear market. The projects that you gave in the example and many others are proof of this. The main thing is never to stop and move forward.

[cytpoway121]

I think most projects postpone ICO because they want to raise more money, but I don't think they need very large funds to get the job done.

That’s where greed comes in, everyone wants to make an extra funds to pocket home
And I don’t blame them

The bearish market is so huge that even if stellar starts afresh it will dump miserable

[various]

I don't think that postponed ico  and waiting will work too much. If the product is already ready and suitable for use, you can collect funds even if you are in the bear market.

[daly896]

Wow, I heard about all of these projects and what happened with all of them? Are they going to launch ICO later or what?
As far as I remember in blackbox I even got registered in bounty. So I am interested in their futher development

[thaliaand]

I don't think that postponed ico  and waiting will work too much. If the product is already ready and suitable for use, you can collect funds even if you are in the bear market.

I agree with your opinion. If the project already has a product, whether it's a prototype or an MVP, as long as the product has potential and on demand in the market, I think ICO will run smoothly despite the current market conditions.
ICO delay may also be one solution when the team sees the progress does not seem to be going well. And here the role of advisors is needed especially for startups.