Do you think ICO is a good way to raise money?

[949miner]

ICO has always been the best way new projects and  new developers raise money to help develop the product and launch it. It has also been the best way investors get to know about crypto projects to which they invest in some of them with the hope of making some amount of profit. But now ICO is not a good way to raise money due to the current situation of the crypto market.

[olohifie]

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

Indeed ICO is a cool way to make money. I have alot of testimonies to that. At thesame time it is a high-risk investment, you should not invest money that you cannot afford to lose especially these days that it's been infiltrated by hungry scammers. Are there still real ICOs? Yes! but since you can't be so sure anymore, it's better to trade with caution and do not invest what you can't afford to lose

[tabas]

It is a good way to raise money if the project is legit, has legit team and with a working use case. Sadly, ICO became the place for scammers lately and this made a lot of investors to lose interest to it. However there will be time that good projects would be back to it and ICO is going to be their way of raising funds for their project.

[cyramji]

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

They are such idiots scammers, have you seen their contract or address if they have raised that amount? it must be proven because how much fund raised can be manipulated by the team. That should be the main concern. I always choosen the right project just like BTT, Zilliqa, QKC and i never get scammed by the scumbag. Man, you should not trust ico bench.

I think that most of the projects are run by professional teams , like they only care about getting the product or service done (if they can) and just don't care about token price strategies

[cyramji]

Unfortunately, most projects are failing. Even the authentic ones are suffering.
You will observe that their prices once they got listed are very low as compared to their private sale or ICO prices.
Dumpers will always be there but come to think of it, they have very small percentage of allotment as compared to the total supply.
So a strong project can't blame it solely to dumpers. If they have robust system, they can easily rise from that dump and achieve their stable price.
And from my end, ICOs are not good way to raise money or get profit from. Very few can offer you that kind of return.
STO are now becoming the new trend. The reliability is better than ICO.

Yes I agree with you , STO is much better than ICO since it is more secure compared to an ICO as SEC (Securities and Exchange Commission) only allows projects that are reasonable and serious about the aim

[JeBro]

It has become noticeable that recently ICO projects have become popular again. The amount of investment in them has increased significantly. When listing on crypto exchanges, the prices of ICO  tokens are no longer declining several times. For example, the other day the SERV token listing on the exchanges and its price remained at the rate of 10 cents, at the level of the tokensale. BitTorrent brought investors 10x profit. I think the pessimistic moods are gone and the ICOs is becoming attractive from an investment point of view once again.

[Papcio77]

Not anymore it better to get hold of your money and do something with it, like day trading.
ICOs have been infested with scammers and manipulators and i wouldn't advice anyone to invest in any however promising it looks.

Agreed only few ICOs survive in the bear market and some closed due to lack of raising money for their projects. But it is quite surprrisingly that ICO in binance are very much in demand even investors loses chance to buy some tokens.

[johnleo]

I think if your company is real or your team have a good reputation and you have a good intention to expand your business, ico is still a good way to raise money. Look current available ico, there are still a few project who can raise at least soft cap even in the current condition which is ico mostly scam. I am sure many people don't want to just hold their crypto asset, they still try to find a good investment but maybe this year more selectively than previous year.

[killat]

ICO was always a good way to raise money for new projects. The problem is that ICOs got a bad reputation due to the huge number of scams last year, and now even good projects are suffering as people are much more reticent about ICOs.

[cyramji]

Maybe the Elementh team is fed up with the market trend. Some projects raised more than 8-10 Million USD from their sale when BTC price was 12k-10k USD But in this market BTC price less than 4K USD! So, the project team did not cash out, because they thought the market will go up at the end of 2018! But that did not happen, so some projects like Elementh wants to return back the money to its investors. Projects like Yumerium, Pdata stopped developing for the bear market. Actually, the bear crypto market is not supporting anyone at this moment! So, I will suggest everyone to stop investing in ICO projects, because you will fail to make back your investment money, and forget about your profit. You may invest in established coins or STO projects. That's it.

But they dont have the rights to trade collected BTC or ETH , they should convert it to fiat and work on developing the product

[cyramji]

I think new projects should have a new way of raising funds to support it because ICO is no more profitable. The numerous scam incidents is deterring people from participating in it anymore.

Yes  Indeed . I think we should have a third part to manage the  fund raising process , so even if the project failed the money are always safe

[VieleSind]

It's not a good way anymore. Beside if you wanna get information about any ICO project, you should stay away from website icobench, it's a scam website give fake rating for ICO projects and ICObench account in this forum already tagged. Maybe in next few years, quality of ICO will be better but at the moment it's very terrible.

[cyramji]

Yes it is before but now I don't think so, some investors is not interested unless you have already a reputation or you have a big and legit partnership. Like Bittorent there are so many investors because the tokensale happen on binance launchpad given that binance has a reputation too. But there are still some investing on not well known project.

totally agree , reputation is the key or at least a good ready to deliver product FROM a non experienced team with good money they can do something, but asking for money for only getting an idea and writing a whitepaper is not fair

[cyramji]

If the ICO is legit it can help to the market to raise money but once the ICO is scam and failed for sure it will cause for the market to dump again because you know the collected funds maybe converted into real cash that can cause dropping value of the coins and tokens. I hope no more ICO scam so we can see the market rise.

Good point  8M btc converted to fiat is a big drope in volume

[cyramji]

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

They are such idiots scammers, have you seen their contract or address if they have raised that amount? it must be proven because how much fund raised can be manipulated by the team. That should be the main concern. I always choosen the right project just like BTT, Zilliqa, QKC and i never get scammed by the scumbag. Man, you should not trust ico bench.

Agree with you, but I think the year 2019 is not good for ICO project because the trend of investing in the cryptocurrency is no longer exits. Now there are a lot of ICO scam project and I think if the market does not go up, ICO will die in 2019, in my opinion.

We can not say ICO will die in 2019 or in 2035 , even in this bull market there are  some ICO which ends tokens sale after 10 min from start . I think It is more about regulating this kind of fund raising so not every one will be able to launch an ICO

[icecube45]

Investing in ICO projects is indeed very risky, even almost all ICO projects are scam and harmful. But there are some ICOs that can generate profits, when crypto prices climb some ICOs were well developed and made investors profitable. But still there are still many ICOs that are scam, this is like garbage. I don't think ICO is the best way to raise money because I'm sure if you try it will definitely experience a lot of losses, your loss will be more than the amount of profit you get. It is better to invest in coins that have experienced and developed well, this is more profitable.

[Peanyut991]

Of course the ICO is not the best way to get money, the ICO is for those who are big capital investors. I think the best way to get money from cryptocurrency is to trade. You can take a little profit every day from trading results.

[Lpim01]

I could say yes before but for now, it something aren't giving much profit and it even give losses for most.
Scam projects will be a reason why people were having doubts of putting their money into ICO as they usually heard that mostly investors will suffering losses after. And we actually knew that, their token's value will simply goes down straight once listed causing a huge losses.

[joseyphil82]

Elementh project is abig disappointment ,after they raised enough money they claim they don't have enough resources?well they should have enough resources in the first place before launching the project ,I don't understand developers this days  they tend to always start what they can't finish ,so automatically funds is not the only issue ICO faces

[anjohyx]

ICO easy to raised more than 5M in 2017 because cryptocurrency market stay at peak price, after one year price dip, a lot of project fund manage is too bad, such as play2live project claimed that raised 30M in ICO, current project latest update is owner out of funds and stop the development 3 month, really funny lol. However ICO still is a method to raise money in 2019, but be careful scam project.