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

[Golstrim]

That is true. Good ICO doesn't need a lot of money. 5 mln is enough for you. I can't even imagine where they spend all of the money. 20 mln is too much.

[Balzhi]

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?

you green goose for now. try to analyze all picture when market bad like now. and when we have bull run. ometter how much they want if project will work and they will pay.

[vixcious]

I don't think softcap or hardcap points will be the problem. The problem here is the potential of the project and the prestige of the team.
Because each project in each of the different areas has its own financial resources and the amount of money needed to grow differently.
we cannot summarize such potential and fraudulent projects together.

[Chomsy]

The amount projects ask or need to reach softcap or hardcap is not the issue. Come to think of it, most project fake getting the softcap, so why dwell on that.

[Akoldi_ibk]

I understand well your opinion and it is part of what some participants look for before promoting ICOs. But decision making should not be based solely on softcap or hardcap as the project will reasonable amount of softcap often underperform as well.

[robelneo]

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?

You have a point, they want to make a huge profit right away,when the truth is they only just need a quarter of their soft cap, why you need 30 million when you can hire freelance developers at a small cost to develop your platform and you don't need to pay for marketing because you are using your own token to pay bounty hunters.

[mickey_miner]

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?

This is impossible, because most people do not care what project to promote, they are only interested in the amount of money that they will be paid.

[sadmaster]

I think big projects needs big funds for them to be able to create the product or to follow their development road maps. Since, ICOs are a crowdfunding behind the ICO itself is a company and there is a lot of people there not just the team represented in the website but also the members that will help them to achieve their road maps and continuous development of the coin.   

[Whosdaddy]

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?

Why would be? I think it depends on the project, if they have a working product, then definitely they should have a huge softcap to consider. Their project will not going to improve if they have very few budget, and depends on the quality of the project if we will going to support them.

That is understandable for projects with products but what about the ones without product and still demanding for a very high amount in hardcap.

Projects with products really require lots of money to really perform to the fullest and they also need to be given time to achieve this, once we have chosen to trust them and give them our money, one thing we need to do as an investor is also to give them a breathing space for them to be able to develop their project.

I realized that majority of investors starts getting agitated from DAY 1 that they finish ICO, which should not be, this may be the reason why many of them jump into an exchange when they are not supposed to do so to satisfy the investors and die down their agitation.

[zgrdyg]

It is really a shame how greedy icos are. I mean, mostly asking millions dollar for a basic website.

For instance, EOS raised 4 billion dollars!!! Was it really necessary? Unfortunately people are losing their thinking in hype times.

[kuverty]

Now the situation is different. Projects which raised 10-15 million last year now are trying to raise 1-2 millions yet with IEO. I do not support this but but around it a lot of hype.

[nikola22]

ICOs who want too big money usually don't collect anything. so it's a good reason to keep away from them and choose another projects.

[etherclassic]

I think big projects needs big funds for them to be able to create the product or to follow their development road maps. Since, ICOs are a crowdfunding behind the ICO itself is a company and there is a lot of people there not just the team represented in the website but also the members that will help them to achieve their road maps and continuous development of the coin.   

I agree with you it depends on the projects are building follow the progress of development ICO is better than we blame the ICO projects which needs big money, we can not stop them, ICO is part of addoption on cryptocurrencies space related with the projects which use technology behind the blockchain.

[Bonwin]

Just few projects that I know of, such as Pundix, who were able to raise huge money, by reaching their hardcap and are still able to deliver to their community, most especially the investors. This is more reason h should be very much concerned about the team of any project we intend investing in or plan to promote.

[Tduty]

Very good solution. The most interesting thing is that people write for some reason different goals. Why do they do it, if a soft cap is achieved, then why do we need to collect more? I never understood that.

Greed is everywhere. There have been many projects extending the sale by thinking that there will be better prices recently, but the main reason is greed. But, the fall in November facilitated the situation.lol

You are right, mate. Ico projects have nothing now but a greedy team! Last year, I have seen many ico projects extended their sale to raise more money! But people lost interest and moved on! For a good example, I can mention URUNIT and Ingotcoin Ico names! They are dead projects now, because the community, partners left them because of their shady, greedy behaviour!

[Tduty]

Just a few projects that I know of, such as Pundix, who were able to raise huge money, by reaching their hardcap and are still able to deliver to their community, most especially the investors. This is more reason h should be very much concerned about the team of any project we intend investing in or plan to promote.

Pundix hardcap wasnt that much! 35 Million USD was the pundix hardcap! Actually, money isn't the fact, rather the project is! Pundix is now a very popular crypto asset and it's ranking is very good in CMC! It's because pundix worked well and they never left the community alone like HDAC or cryptosolartech!

[mamesso]

Just few projects that I know of, such as Pundix, who were able to raise huge money, by reaching their hardcap and are still able to deliver to their community, most especially the investors. This is more reason h should be very much concerned about the team of any project we intend investing in or plan to promote.

Actually, many ICOs have succeeded in reaching hardcaps, such as CTA, Yamzu and Karatcoin but they have not announced that their projects are still running according to the roadmap.

[abstractednerve]

Just few projects that I know of, such as Pundix, who were able to raise huge money, by reaching their hardcap and are still able to deliver to their community, most especially the investors. This is more reason h should be very much concerned about the team of any project we intend investing in or plan to promote.

Actually, many ICOs have succeeded in reaching hardcaps, such as CTA, Yamzu and Karatcoin but they have not announced that their projects are still running according to the roadmap.

I lost all hopes from CTA, the team is very unprofessional, it's like they are playing with the investor's money! After a long time gap, CEO Henry appeared and announced the BTC - Alpha exchange, but then he disappeared again and no exchange listing happens yet! Karatcoin seems strong project and I felt bad when I missed that. But by hearing you, I feel okay that at least I saved from falling in another project like CTA!

[maculeth]

that's a good idea, because after being listed on the exchange, the token will disappear and the project will be far behind because there are no more developments. they only focus on pre-sale, soft-stamp and also token sales after being listed on the stock exchange. but I don't know who was harmed for this problem because the bounty hunter also dumped when the token was listed on the stock.

[Thanasis]

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?

People will not stop promoting even the scam exchanges when they are getting paid with useless tokens which is also scamming the participants but still bounty hunters were doing that even after many failures.But if they can stop promoting these projects which can really help the investors to find the real projects.