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

[Abal Abal]

when a project has received 50 million dollars and it has been proven that they have promoted their project at an event, I don't think you need to doubt their project anymore. and most projects that already have large funds they will work optimally so that their project is known to the world.

[chipzeru]

Op, can you name the project you're talking about? I can't tell if the project is scam or not but it might be their strategy not to list the token on exchange when the product is not ready in order to prevent big dump.

[libert19]

Don't believe what their team 'claims', there must be token contract address where all funds would have been sent and tokens would have been generated, check it. If it seems fishy then it probably is.

[traderethereum]

I believe there are too many projects that say they still develop the project and run every step in their roadmap, but without getting a list in exchange, they cannot prove to the investor and the bounty participants that their tokens are worth. They can say they have reached the soft cap and hard cap, but if they are not listed in any exchanges, then they need to explain those things to every people. Don't expecting too much with the projects in these situations because everything can happen so better you be careful.

[clonely]

I believe there are too many projects that say they still develop the project and run every step in their roadmap, but without getting a list in exchange, they cannot prove to the investor and the bounty participants that their tokens are worth. They can say they have reached the soft cap and hard cap, but if they are not listed in any exchanges, then they need to explain those things to every people. Don't expecting too much with the projects in these situations because everything can happen so better you be careful.

I think it is about to bear market. I know some project started their ICO's when Ethereum price over 500 USD. And their economic plans has to be changed. Ethereum has lost a lot of value and not easy to start their ideas with this new value...

[Sacramentus]

It doesn't mean they are scammers,  I know a project that has been on development for 6months now and have not listed on any exchange.  The team hasn't given you any reason to show they are scam, not listing on an exchange asap is not a reason

[thesmallgod]

You do not have enough reasons to call the project a Scam. Is the project having roadmap, if they do, then that will give you an indication of when the project will be listed if they do not have setback. Listing a project in good exchange take time and for the project, it is very good to first build a working product before listing because if they rush to listing the project, it might get dumped and not recover again. I participated in a project called Buzzshow a year ago and up till now, they are still delaying the listing.

[shinratensei_]

I believe there are too many projects that say they still develop the project and run every step in their roadmap, but without getting a list in exchange, they cannot prove to the investor and the bounty participants that their tokens are worth. They can say they have reached the soft cap and hard cap, but if they are not listed in any exchanges, then they need to explain those things to every people. Don't expecting too much with the projects in these situations because everything can happen so better you be careful.

I think it is about to bear market. I know some project started their ICO's when Ethereum price over 500 USD. And their economic plans has to be changed. Ethereum has lost a lot of value and not easy to start their ideas with this new value...

The plan must be changed and you can see how some big platforms are out of the development funds and they have canceled all of the further development progress. To be listed on exchange site needs a lot of money (Major exchange). Small exchange doesn't give a lot of impact on the platform.

[wuvdoll]

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.

Listing into exchange has nothing to do with development of portal/platform. Because, even their tokens will get dumped due to on-going progress of of platform, they will be getting golden opportunity to buy their own tokens cheaper than ICO prices. This way I suspect their credibility as delaying for exchange listing may not have enough reasons.

Is it possible that the team is telling the truth?

I am surely doubting on this. Like, how we can believe that they really raised 50 million dollars ? That also could be another well-planned bait to keep you invest more. Staying per-coustious is always recommended as there are only 50% chances for them to be legit.

[OrangeII]

Don't believe what their team 'claims', there must be token contract address where all funds would have been sent and tokens would have been generated, check it. If it seems fishy then it probably is.

contract addresses are very important in this regard. anyone can say that they have raised a lot of money, but in the end it's just words. most important of all, there is a contract address shown. there are even a number of projects that I know that even the production is under $ 10 million, but has entered into several markets

[Suwycu]

I do not think that projects really collect the sums they talk about, sometimes they are content with the minimum that they manage to collect, but which they do not disclose!

[dcomomal]

I think it is, because I have also seen some projects that have not even distributed their tokens and the TGE was around 6 months ago. They are always saying that they are waiting for the better market conditions, but it can be postponed for years.

[as9ardia]

how we can judge that project if u didn't give us materials, at least link to the project.

Exchange is not always project goal. some project not placing exchange in a top priority

[Johnzky]

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.

You should have asked the team regarding this matter,and if they are not answering your inquiries then better put here the links regarding to that specific project so we can check on it,and may the DTs look unto deeper side of the said project for the benefits of bounty hunters and investors because in scam section we can find false adds of some team about the collected funds and some are the dev also bought the tokens to looks like legits but the truth are scamming

[spike420211]

So in my view even if a project is listed on an exchange, still it doesn't guarantee the credibility of it.

And the scenario that you gave, it looks like it is a pure scam.

Totally agree with you. Each case must be considered separately, each case is unique. But as a rule, these large fees and too slow development of the project speaks about scam.

[Pffrt]

Not sure because listing in the current market can destroy the whole market you know it's a bear market. I will be better to wait for the next few months and in a Bullrun, they should launch. It will be the best idea and that's what the team is doing possibly.

[inanilujimi]

not all tokens must be quickly registered on the exchange.
if with the current market conditions they prioritize the quality of their products is a good thing that we must support.

[Google+]

Don't believe what their team 'claims', there must be token contract address where all funds would have been sent and tokens would have been generated, check it. If it seems fishy then it probably is.

it often happens like that, they see on the ICO website that it has reached a hard stamp and that the funds raised have reached 50 million but you have to make sure that the collected funds are that much? and the best method might be to look at the available road map and try to ask in their telegram group.

[chichidori]

If they have raised 50 Mil they should be transparent about it and show some proof that they did in fact collected it if its just a word of mouth then there is a big chance that is a scam, seen a lot of project boosting there sale but in truth they have sold close to none.

[sssergy]

Listed in several good exchange this is not enough for decide good project or scam project. I did experienced a campaign after 1.3 years get listed although 50M lots of fund.