ICO reached hard cap - 50 MILLION- not listed in an exchange - SCAM?

[shadowdio]

really? they claimed that they reached 50 million hard cap with this condition of the market? I think it could be scam, but try to wait some more time keep updated with their telegram.

[LordShanken]

really? they claimed that they reached 50 million hard cap with this condition of the market? I think it could be scam, but try to wait some more time keep updated with their telegram.

Currently, the market situation is very bad, but OP did not say when the ICO was taking place. If the token sale was in Q4 2017, it is very likely that the amount of $ 50M was collected.

[killerfrost]

Maybe they are waiting for the good market to be able to list their tokens better. I've seen a lot of projects waiting for better market to public sale or listing exchanges. It is best to wait and regularly check their activities during this period

[harrypotpot]

I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.

Not I guess, if they did not really list their token for almost a year. That I can say that they are scam but with 4 months and less, still their reason is acceptable for the bear market situation.

[Ferris419]

It is hard to tell whether the project is scam by reading your post. Listing in an exchange take time, I believe 3 months is still alright. In this bear market, many projects are wary to list coins in exchanges since most coins depreciate in values.

Yes, but is any project get 50 Million USD then he should list any exchange at list within one month is better. But as only for the listing matter we can not say for a scam. Scam project team members are so lazy and they think always negative. Also, they do not work properly on social sites.

[ataki]

There is not much sense to list a token without a working platform. It has sense to develop the product first ( functionality) and then list it on exchanges. I think you are talking about Bitgoals project. They did not raised $55 million, they sold 55 million tokens. The final price was $1 but in pre-sale the price was $0.5 and the ICO has finished half a year ago. They are suspicious as the progress of the development is very slow and they do not care too much for their investors and community.

[el_lobo]

I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.

It could be a scam, but it does not necessarily have to be one.
Since the crypto market is currently not looking good, devs might not want the listing on an exchange right now.
It is really hard to guess if we have so little information about it.

[Hivalley]

Anything could be possible scam or else. I know a project, ICO completed Q2 2018 but still doesn't listed exchange and waiting for Q1 2019.

What you should understand is that it takes time for a coin to be listed on an exchange,it takes time and for the fact that a coin doesn't list immediately on an exchange doesn't mean such coin is a scam,the OP should just remain patient and watch out for future announcements from the project,most times patience is highly needed

[Huntler1993]

Well it will be hard to tell since all you will know something is in the pipeline for token holder. Patience is really keen here so just belief what they are saying and watch their Way's before being judgemental.

[Christinebeauty]

The team not listing the coin on an exchange for 3 months is not a good reason to tag them as scam or not. I also invested in a certain ICO which ended in about 6 month ago but has not been listed yet due to the current market situation, though the team keeps updating the community frequently

[kidbounty]

not really, maybe the team thinks it's better to focus on development, rather than speeding up listings but making the price of coins destroyed. as long as the team always notifies all updates at any time, it doesn't seem to matter whether there is or no market before their platform is released. if you are not ready to accept something like this it is better not to join. remember there is nothing instant in this world, it needs a process to succeed.

[Little Mouse]

This project may be scam or may not be a scam. Buidling a project takes time. It's 3 months only as per your opinion. I think it takes more time. In my opinion, it is not a scam project if ico team is in contact. Ask them how much time will it take.

[Ozero]

I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.

This may be a good project, and fraud. On the one hand, the fact that the ICO team claims that they raised 50 million dollars during the ICO may not be true. On the other hand, the current situation in the cryptocurrency market is very complicated and many projects simply do not want to pay off investors and headhunters and transfer their tokens to the stock exchange so as not to degrade its price. Therefore, they delay time in the hope of a favorable change in the market situation. Basically, it makes sense. However, many ICO fraudulent projects also take advantage of this. Therefore, it will be known only after a certain time.

[tokoorochan]

The team not listing the coin on an exchange for 3 months is not a good reason to tag them as scam or not. I also invested in a certain ICO which ended in about 6 month ago but has not been listed yet due to the current market situation, though the team keeps updating the community frequently

i see many ico projects that postponed their listing in market due several reason.maybe the market condition could be main reason for this.they worry if listing price dumped and they could not give their investors.personally i will agree with their decision.but they have to still active communicate with their investors.

[vickykashan101]

I guess the project being discussed here is CREDITS. Right?

[tterrorpipa]

I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.

If the team have reached its hard cap but still not listed on the exchange, but with a valid reason for like that, I think you should respect their decision. Let me ask you something, why are you in a hurry on the exchange. Are you selling all?

[ansarose1]

I think it's not. Since listing of a coin in an exchange tooks long time, it's a long process. Maybe you should wait for your projects get be listed in exchanges, it's not just because it reached its hard cap then it would suddenly listed on exchanges.

[FUD Expert]

I could say it's a 50/50 chance. If only we are not in a long bear period and that happens then I will conclude that they are a scam. But because of the market state, we can't be so sure at all. But with that money, they should be able to use some of it to quickly list on top 10 exchanges like in bittrex today.

[voltesbit777]

I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos. now. I am starting to believe it when they show something great after sponsoring a certain event to which the name of the project was being flashed in the screen. Is it possible that the team is telling the truth? They want to bring a project with demand so that the token will not be undervalued. What do you think of this project scam or not? I could not name the project for now to protect their reputation.

May we know what ICO project is that mate, you didn't mention the name. It very seldom for the project to hit that target 50M$ if ever there is its only few of them. We can only say that is scam if they never give any updates about their project and they abandon it.

[valek.bruno]

There is an opinion that this is really a scam project. As I recall, many projects that now have time to collect normal funds actually turn out to be scam projects, which in the end simply disappear. It is sad.