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

[killerfrost]

 I agree with this. You raised a perfect question to all of those big projects! Though We can't stop them to come but we can stop them from growing big! So, let's make a good project hit and let's avoid all of those greedy people from the crypto industry! Recently I have an open eye on Windhan ICO, let's see what happen!

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[Sacramentus]

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 I have watched many of this project that have raised so much money and they have nothing to show compare to what most smaller project have achieved.  I dont know about stopping to promote them but I think something should be done about it

[bonker]

I agree with this. You raised a perfect question to all of those big projects! Though We can't stop them to come but we can stop them from growing big! So, let's make a good project hit and let's avoid all of those greedy people from the crypto industry! Recently I have an open eye on Windhan ICO, let's see what happen!

Sometimes project needs more funds for complete development of their coins on the other side scammers will be happy with whatever they made from ICO because they are going to run with all those money so deciding based on cap values might go wrong most of the times.

[e@symode]

Of course, I would like to do this, but today I don’t understand why it’s just that it turns out that today many projects are really deceiving their investors. I am sure that in most cases people really want to successfully implement their ideas.

[Greeno Force]

I believe that if the project plans to raise more than $ 1 million, it should have a clear plan where this money will go. In other cases, collecting large sums of projects simply can not compete in the cryptocurrency market with other Altcoins. With rare exceptions, 1 out of 10 project is successful.

[ePesoInitiative]

You cannot really stop them for asking absurd amounts for their soft/hardcap. It's all about the reception of the investing public. Back in the hype of 2017, they can get away with it because of the "irrational exurberance" of many. Now? They can't even raise 1/5 of their softcap. You can only choose to not participate.

[Wayan_Pedjeng]

Very good point raised by the OP. It is obvious, and all we need to do is to take a look at the ANN section. There are several projects, which aim to raise $100 million or above through ICOs. And all of these projects are being managed by relatively unknown people. Only a few have some famous personality as the brand ambassador.

I don't know whether anyone here remember about the Ethereum ICO. The hard cap was just above $18 million. More than 60 million tokens were sold for 31,000 BTC (at that time the exchange rate was somewhere around $600 per coin). And compare this to the niche projects which want to rise 10 times this amount. What's more surprising is that there are people ready to make investments, even at such inflated prices.

[kissme09]

The ICO is the urge to call for free capital, if you don't want your head, you can ignore it. ICO is venture capital, so if you take risks, you can invest in the ICO model. The higher the risk, the greater the profitability so I hope that you will get another comment about ICO. 2019 will be a successful year for the IEO, but ICO will not give way.

[fosco333]

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?

Yes, ICO with abnormally huge amount of hardcap should not be promoted. What will they do with the money ?
Countinghouse ICO is the proof that the bigger ICO project raised the fund, doesn't mean the project will success.

[cryp24x]

Large or small amounts also depend on the attraction and potential of the project. I do not think that promoting for big soft-cap projects is wrong. If they ask for a level that is too high for their capacity, they will fail

I agree about this one. We cannot judge a project by the amount it really needed. You have a point but it is not totally accurate that if a project wanted a big amount then they are scammers. Big projects especially those who needs development of the system really needs a huge amount.