We should stop promoting ICOs who ask huge money for their soft/hardcap!

[Boombull]

I think there is sense in your post. The percentage success of ICOs with small hardcap is far better than those that demand huge hard carp without having something tangible than mere listing on exchange. Envion raised like 100 million USD but today, it's no where to be found.

[Saisher]

In the current market condition, it's hard for projects to reach even 10 million dollars, some ICO are faking their sales to convince other investors to invest in their project, I have seen a project boasting they reach this amount but no investors are coming up to post that they've invested this or complaints if there's a lack of update.

[Mcmich]

Recently, I cam across a project while researching on bounty projects. The ICO of that project kept increasing and now its at about $2.5. And am wondering, is this project ever going to list at a price close to that $2.5 I mean, it's just outrageous when we know that 95% of ICO project list at ICO price. I just wish investors will wake up and be much more careful on projects they go for.

[Nggedebus]

For me, usually i choose a project that has a reasonable amount of target for their softcap or hardcap.
I would avoid in choosing project with a target that are too big, just like what has mentioned in the first post.

[Strotman]

And if the development team competently justifies why they need these $10 million, and when checking with the project all is well why should we boycott such a project?

[AgentZero23]

Some ICO's have unrealistic hard cap but if the hardcap justify the scope of the project then it's okay. I have seen many ICO's reached the hard cap and up until now no product and only some kind of newsletter. I'm picky on what kind of projects I promote and 10 million usd hard cap would be the enough for a startup. More than that would be difficult to achieve considering the market condition.

[zhekinsp]

Hello Everyone,
Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!

So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?

Agree with this, most of the new tokens were just going to be used for buml and dump so why we need to invest huge money on them,we can get them for more cheap price when it is available on the exchange.

[funchiestz]

Hello Everyone,
Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!

So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?

I think that the difference is not more projects, but rather ICO teams. Almost all of these projects are moving very slowly. The projects of better working teams are more successful.

[bigcash2011]

Yeah i agree with you and i would add to your point by saying that reasonable funding goals should be encouraged and desire to raise infinity or large sums of money should be discouraged i mean you are just launching a new project and for me 1 to 10 million is a huge and adequate funding for a startup but icos are aiming at 50 million to 100 million and even more which sometimes seem rediculous, this also shows that projects are launched without proper homework and are backed by nothing but greed i think regulators should limit the fund raised in an ico to max 10 million.

[melomanskiy]

How do the fees at the ICO stage affect the future development of the project? Now, in fact, 90% of all the projects that conducted the fundraising are simply simply in a deep hole.

[moshuk]

the whole thing is not in the softcap, but in the fact that ICO represents itself ... how it is unwound and what is the idea .

[AtlantaFive]

There is no problem if their softcap is huge as long as they are legit and not a scammer. The real problem is they always give hopes to their investor after getting huge money. The slow development is one big factor in a project. A lot of ico team struggle to perform well after getting some huge money. I think they just need to work hard if they need to reach their target in their roadmap cause many ico has not following the roadmap due to some delay in their part.

[timmmers]

Hello Everyone,
Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!

So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?

That is true ICOs would like to get a lot of money in the easiest and safest way, I do not understand why they do not satisfy with only 100k $, that is still a lot of money and for example after some progress they will reopen their sale and again collect some money..

[ioanbtc]

Yes, there should be sopped promoting an ICO who ask huge money, but maybe some just join because the team of that project promises that will pay or pay every week/month some amount of money.

[CoinCollect]

I agree with you. Sometimes projects are called very overpriced price, which they plan to spend on the implementation of the project. I believe that this is unreasonable and wrong.

[powerman24]

I do not think that the progress of a project and it`s development depends only on the raised funds. Different projects needs different amount of soft cap. It depends on how many developers and other stuff they need to pay to realize the project. I agree on that some projects asking for abnormal amounts of soft cap/hard cap not in line with the market situation and the projects needs.

[crenfrosck]

More money does not mean more success- some are capable of doing miracles with a piggy bank while others might be struggling even with tens of thousands on their account. However, no one forces you to give those project even a single cent- whatever you would invest, you are making a voluntary transaction and your responsibility for that action will not fade away. The best way if you are indecisive is to ask- literally flood them with any question you would like to have answered (if it has not been done yet in FAQ section or on social media). It will definitely give you extra information necessary for your own decision and you will minimize the risk of losing your assets. Promoting is, on the other hand, time-consuming and we give up our free time in order to have a chance to obtain some digital tokens (hopefully valuable at some point) and no one likes to come with nothing. Research is a must and remembmer that the persistence is a magic key which can help you to open many doors and opportunities  .

[Indrawan77]

I think high or low soft /hard cap doesn't make any difference, most of the ICO now is not worth to invest, they don't any solid vision, feature or potential, they just want a quick money, I prefer the idea of creating regulatory body to control the ICO creation, limiting caps won't make any difference to the ICO end result

[abstractednerve]

I am feeling very bad to agree with you! Everyone's has different opinions but my opinion on it is agreed with your observation! Such a big hope I had on HDAC project! But they did nothing for their investors and supporters! Even it's been almost 2 years of my investment in HDAC project but I still regret why I invested there! The same feeling goes for pumapay and envion! They earned huge money by promoting their unique goal but they did nothing to make their project real!

[sandra_x]

Sometimes I wonder too,what do they need all the millions for ,A lot of projects are yet to justify the millions raised during ICOs,other than listing on exchanges and sometimes some poorly developed mobile apps,nothing more to justify such money.The list of such projects is endless