WARNING! this is very misleading

[Siren]

The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received.

But even there’s an contract address sometimes the team itself provides the amount inside to pretend that there are true investors so others will trust and put their money as well

Not knowing that those are only Bait for them to enter and the investments will be on the scammers hand

Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.

Yeah that’s very misleading and can be consider as scamming.but we don’t have the decisions mostly greedy people is the victims of these criminals

[Chainsmokers]

Please fellas ,take a minute to look at the image below

Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors  depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.

1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.

2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.

3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.

Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.

I agree with what you say, indeed most investors choose to invest in the ICO project by looking at the softcap and hardcap on the ICO project and when they see that the project can reach the softcap even almost reaching the hardcap, they decide to invest in it without doing their research themselves about the ICO project and they believe that the ICO project will provide good results without researching it. So, in my opinion, don't rush to decide to invest, do your research about the ICO project before deciding to invest.

[ishirut009]

Please fellas ,take a minute to look at the image below

Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors  depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.

1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.

2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.

3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.

Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.

yes i agree with you. We should not rely on that kind of indicator bar because it can be faked by developers. We should do our due diligence by looking at the social media websites if there are really lots of people talking about it and keeping watch on it.

[Little Mouse]

This bar can easily be manipulated by entering higher value anytime. I would never trust just because a project show their soft cap had been raised, rather I would evaluate their project potential.

[bitc0000]

You are right I must say. This  has mislead many investors into participating with such project while in reality they are yet to raise the funds they are displaying. This is also the reason why you will see a project displaying that it raised a certain amount of funds yet finds it hard to give appropriate audit on the public sale. This is one of the reasons IEOs in most major exchanges are better, as there is no need for this .

[AltcoinsBattle]

The bar is obviously not properly scaled. Either is the work of some crappy web designer or outright scammy. In anycase, one should not invest in a project because the team says they have raised XYZ amount. Do not take their words for it. Ask for their contract address (most reliable proof) or other proof of funds received.

I have never seen the address of a smart contract that could display the funds raised. The support motivated the refusal by the fact that funds are collected in various types of crypto&currencies, and everything will be compiled upon completion. In addition, given the success of many ICOs, it is unlikely that anyone will want to open data on current success in fundraising.
Of course, we need to research a project. And although there is no trust the status bar, in some ICO video reviews auth refer to the success of the fundraising by this data  . Do we watch a video about a researched project on YouTube ?

[rosezionjohn]

Mate, your concluding part that you said rely more on research, is it not same information published by the ICO or project team that you will see or research on? The whole scam thing has no straight way to know it. Sometimes there can also be luck and faith manifestation on the research done.

I think you misunderstood what the OP meant when he said "rely more on research". The quoted text below is probably what he wanted to address

what came to surprise me is some investors  depends on this bar to decide whether they will invest or not

In any case, investors cannot immediately find out whether what is being projected in the website is true or not until the token sale is closed. I've witnessed one project before that lied about all those figures and the "reach softcap" is all for PR to attract gullible investors.

[Emmy92]

There is no two ways about it, the chances of it misleading is upto 95% thus the need to be careful of such projects. To me the reason why most projects do this is to attract more people into investing while giving them the mindset that a particular amount has been raised while it's all fake. Know about the team, the discussion in the community and the type of questions asked, all these will help to know the truth.

[Bitcoin Seller]

IEO can prove to be more reliable when a good exchange that doesn't fake volume is been used to conduct the sales. There was a project from Australia that displayed this kind of data and all of a sudden, claim to have hit hard cap. Well the project would later scam and ran away with investors fund. Good IEO on a good exchange is less risky.

IEO is better sure. The key difference between IEO and ICO is that the organizer and intermediary between the project and investors is the cryptocurrency exchange or another platform (with IEO). So investors get a safe way of investing through a trusted party and guaranteed dates for placing a token on the exchange. The projects have the opportunity to attract a large number of investors.

[Flezy]

That's correct, in fact it has led many into investing in scam projects as well as projects with nothing to offer. Most of this type of projects uses that as a strategy to draw investors and most times exiting scam, not listing on exchange or listing and then dumping the price. Let's always take time to study each project as it will save us a whole lot.

[Rengga Jati]

I never decide to invest in a certain project just because of its softcap indicator. Something that we must do is look for the detail information about the project itself. It is much better than just looking at the bar showing softcap or hardcap. They can manipulate the bars and show a fake softcap. That's why I prefer to choose a project based on the track record of the team members.

[nanaimogold]

This is the picture that a lot of Project developers used in 2018 to make investors fomo into their Initial coin offerings only to discover at the later end that its nothing but an organised scam. Designed to fleece unsuspecting cryptocurrency enthusiasts of hard earned fiat

[darkangel]

This right here is why every investor must do a thorough research the project he wishes to invest in else he looses his funds. Sadly a lot of these shady projects are still out there conducting ICOs which is very shameful and condemabale

[akram143]

Each and everyone are here in this field for their own reasons so no one is not guiding you and I think you cannot be guided by anyone it is the proper move from your side because at that situation only we can realise what is the best and what is the worst otherwise we cannot successful anymore

[Rengga Jati]

Actually, for several moments ago, at a past time. I always used this bar to be one of the chocies wehn seelcting the new project. I think that reaching soft cap is very safe to invest. However, as time went, I was aware that this is misleading. The chart may be fake, we cannot make it as decision whether the project will be successful or not.

[Oceat]

Almost every of the ICOs are doing the same. They just place that indicator as a picture. They are not updating the amount raised even after weeks of completion of ICO.
Such shady behaviors not only confuse the investors but also decreases the overall credibility of the project.

For that, i would agree with you since I've witnessed it before and up until now, they were still doing this kind of dirty tricks just to attract their possible prey. People nowadays are too greedy considering that they make a bunch of useless projects at the end because all they want is just the money and they don't really care about of the whole WP plan of their project, such a waste of time and effort.

[fortunecrypto]

I already know that this tool is being used to deceived people just like what they do in employing fake ratings, people should instead watch and read people's feedbacks check the whole projects and check if there is something fake in their project.

[glendall]

my thoughts are a little open after reading your analysis of a softcap or hardcap bar.
most people aren't aware of this,
but we also have to know, whether their ICO uses ICO services or not, if using the services of ico, the bar displayed is 100% non-engineering, different if they make it themselves.

[iTradeChips]

It is very difficult indeed to make decisive decisions in these kinds of available information from companies websites if in case you are trying to find the right startup to invest with. I am afraid the only better way to get inside information is to have a connection to a person who already works there or you are actually part of the said startup. Investments are really a risk and people should be weary of their investments.

[aioc]

Please fellas ,take a minute to look at the image below

Every projects with ICO fundraising has this bars showing on their website if they've met softcap or hardcap ,what came to surprise me is some investors  depends on this bar to decide whether they will invest or not ,they want to be sure that more investors are buying well you might be wrong.

1)Some projects are so shady that they will feed investors fake bars indicating that the sales is going on very well just to make you invest.

2)How can you just depend on a bar to decide if they project is good or not?even if people are rushing a ICO project doesnt mean the project is good,ask what happened to many investors who blindly invest in IEO projects when they rely on exchanges.

3)some projects presale fund raising might start very well and ended up not meeting hardcap in the end.

Rely more on your researches ,no knowledge is lost and knowledge is indeed powerful.

You are a newbie if you believe that it's one of the consideration to check if the project is gaining support and investors, they tell you that they have reached their hardcap but cannot start their project or do more marketing because, in reality, they do not have available funds.