WARNING! this is very misleading

[joinfree]

This is so true, most prjoects these days fake the progress of their token sales just to lure investors to invest into their project. This is a bad way of marketing and i think team members of projects should desist from such methods. It's best to get to know projects by their use case and how much you think they would be worth to the market than following token sales progress.

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[Ken_terrance]

Novice investors can easily be deceived by this bar and they won't know that sometimes its just a fake bar to lure them to invest,new crypto investors must be willing to learn from those that are already in the space to avoid this kind of horrific mistakes and scams

[SMOKEU]

well they need to do some tricks just to get an investor.. if this investor make their research in such project and they know that it is good enough to invest,they will put their money on it, they are investor they know what are they doing..

[Mikcik]

Anyone who is web developer can do this. This is how project teams do to trick people into investing in their projects. Especially for newcomers to this market

[mirakal]

As an investor who are knowledgeable, they should look deeper on that picture, mostly ICO accepts ETH, so they have to look for the ETH address and verify it in the blockchain if the amount raise will coincide on the picture.

It's a trick only for those who does not fully understand investing in crypto,  but for the knowledgeable it's not gonna fool or mislead them.

[Shymko]

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.

That image has only a form of illustration and it deceives investors. Be careful with such projects because it is scam. In 2018 I met hundreds of softcap projects but they completely disappeared after finishing the ICO. obviously a scam

[robelneo]

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.

Everybody knows that it can be manipulated it's just a toolbar and a webmaster can set the amount of numbers to show on the bar, the bar should never become an indicator if the project or ICO is making good progress, it's the investor's reactions and supports should be the one that must be consider

[styca]

Yes, this is one method by which fake or scammy projects can lure investors in. The thing is though that if a company is prepared to use a fake progress bare then they are probably manipulating the truth elsewhere, which should be apparent from a bit of research into the team members (are they real?) and the white paper (is it meaningless buzzword-soup?), amongst other things. It does highlight that it is vitally important to do your research before putting money into any new project.

[maxreish]

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.

And probably be still a trap for some newbies in crypto space. This bar can be deceiving. A wise investor and trader will not gonna easily fall for this. Nowadays, DYOR is the only thing we can rely about. We can't deny the fact that ICO's reputation isn't great and that investors are now turning into IEOs. That is why even if they'll make a bar or graph showing the flow of their sales, etc, we should not be fall for it.

[JPSelzer]

You wrote it right. I also always tell everyone that they themselves have investigated the project before investing. You should not trust any rating sites. You should always check all the information.

[Ucy]

 Better not to invest atall if the websites are not transparent enough. I suspect that many of such websites are owned by few people or the same person in order to spams the ICO space and  scam vulnerable people

[carrigan]

So true. We also really don't know whether the chart is genuine or fake. Maybe their team made it as if they had reached a softcap to convince potential investors. But it would be better if we analyze more in their actual wallet transactions. Is it fake or normal and how many have sold

[Rohtox]

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.

first and foremost don't get fooled by the bar.
I Personally didn't believe how many fund raised by some project.
Even on IEO I don't 100% sure the found raised, In some case you can  deceive fund raised during IEO (i.e Dev from some project buy their own Token on IEO, or may be they call the exchange to make ANN "IEO Sold out in 3 Minutes")

[chanler]

I often relied on softcap indications charts for a project. As long as it's softcap, I was immediately interested in participating. But after experiencing some inappropriate experiences, I began to study. Your word is correct if the softcap chart is not certain to always indicate the success of the project. It would be better if we crosscheck the truth first by analyzing it further.

[Nasonn]

I noticed it with a number of projects last year, what finally exposed most of them is the bear run. After the lies about teaching soft cap they were exposed when they couldn't go on with the project.

[Saisher]

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.

It should be explained to newbies, but for all of us here whoa re used to it, we all know it can be manipulated because it is just a tool that can be set up to lower and higher, I never looked on that instead I looked on investors reaction and of course their wallet, to see if they are progressing, but that is not also an indicator.

[michellee]

I often relied on softcap indications charts for a project. As long as it's softcap, I was immediately interested in participating. But after experiencing some inappropriate experiences, I began to study. Your word is correct if the softcap chart is not certain to always indicate the success of the project. It would be better if we crosscheck the truth first by analyzing it further.

Not all projects reaching the softcap target are good projects, in fact, many projects have achieved target hardcap, the price has now fallen more than 90% below the ICO price. It is difficult to determine whether the project is good or not, but in my opinion partnertship determines the project in the future

Reaching the hardcap or softcap doesn't mean they can success in the market because many of projects has fallen when it listed on the market and they are difficult to rise on a few months. Many of them are good projects, but unfortunately, they can not survive in the market and only down deeper than the ICO price. They need a long time to rise and start to reach a new price at the market because their price is fallen too deep.

[Ekyfitri]

Reaching the hardcap or softcap doesn't mean they can success in the market because many of projects has fallen when it listed on the market and they are difficult to rise on a few months. Many of them are good projects, but unfortunately, they can not survive in the market and only down deeper than the ICO price. They need a long time to rise and start to reach a new price at the market because their price is fallen too deep.

yes, I saw a project like that in 2018. and a lot. even those who reach hardcaps now have their tokens priced very cheap. do not have a strong community for trade. most of them sell and switch to other projects. future projects like this seem to be bleak.

[Kvalentine]

Many new projects are fooling new investors with bars of softcap or hardcap almost reached,showing how demanding their token is so that they can invest that's why newbies must learn first on this forum before anything else or else they will keep falling victim to scams like this.

[sentoy]

beware you must be careful of the abuse that is under the guise of a bounty hunter project with funders and developers who want to attract investors, if it is true there must be an audit team, clearly legitimate without any regulations that make it difficult for all parties related to a project, and correct there is no other manipulation.