WARNING! this is very misleading

[robaya]

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.

there are even some projects that claim opinions from sellers to reach hardcap. but after that there is no development that is balanced with the funds obtained. like the release of the exchange that is really bad. obviously it will make investors and bounty hunters disappointed.

[Reid]

It's funny to remember some of what I did before.
Yes I am guilty of doing that kind of speculation before investing.
I dont look at what features of a project is before but just mere looking at this bar and then buying their tokens if I see that bar almost hitting the softcap.
Learned a good lesson from it.
Now, I dont. I think there are more legitimate ones which dont show bars like that but rather tell their supporters everything in their telegram group.
Being transparent is really a must.

[Lizzie_Girl]

This is from a package you can buy that gives you everything you need to make an ICO. That is why every single ICO has only one page and scroll downs and that little bar.
It is the same thing over and over again it just has a different skin.

[rdewilde]

Sure it does and in fact will go a long way in attracting more newbies into being victims. This is one of the things found in ICOs or rather one of the ways in which they (ICOs) tends to bank on most investors. The funny thing is, most the project if not all never got listed on any good exchange neither did they offered any tangible results.

[Ifemini]

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 you, projects with progress bar regarding their ieos are mostly false
They make less than 30$ and end up claiming to earn millions, misleading investors to buy upon listing

It’s up to us to dyor and be spot on with projects we support

[zero714309]

Your 1st point really true. In 2017 hardcap and softcap have true indicator but now we can follow them to know how good those project. A month ago i find some developers use that to attract investor. This way really dishonest. As investor we must thinking more smart and do research more detail.

[Novatech8]

Since we can't trust softcap and hardcap bars its always good to depend on the projects its self instead of how their fund raising is on going,I've seen projects that use almost a year for fundraising and in the end they met their target,bars are nothing but deceiver

[take_off]

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.

 l would really like to point out l often face this kind of problem. l read some news about it. In my view, there is no way to know that's right or wrong. Some fake projects use this way to trap many investors. Unfortunately, there are some Investors, trust them that must be careful. l find your post very useful and let me express my opinion.

They do not publicly raise the amount actually raised, and with projects like that I will never invest in them. I have encountered too many projects using this way to make investors invest in their projects

[poodle63]

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.

what should be remembered by them keep in their mind about the contract sale and it's more than enough to check about the credibility of the bar or chart of the fundraising that already published by the developers.

[sana54210]

Lots of projects will just do lots of shits by every means to get investors’ attention, and you are very mush right, we have to be extremely vigilant not to allow anything such has this to deceive us, and I must confess to you that it has really never crossed my mind that they will be using this too as bait, by adjusting the bar and for those not using bar, adjusting the figures since they are the ones directly operating the site.

This actually should have formed part of the research too if they were genuine, because you also need to know how other investors are responding to the project coupled with other strong factors ones has to consider before making any investment move on such projects, we will keep learning bits by bits until there is no longer chance for scammers again, and ICO will be revived once gain.

[forexandcryptoauditor]

Thanks for sharing this.
I have also observed that some projects do not update the correct status of the funds raised. This seems they manually edit it and so there are highly chances that information could be misleading.
At least due to introduction of IEOs, I think we are in better position to avoid such scenarios.

[distr@yopmail.com]

what should be remembered by them keep in their mind about the contract sale and it's more than enough to check about the credibility of the bar or chart of the fundraising that already published by the developers.

but remember, sometimes there are some developers who actually manipulate their sales to look more successful. but after publication the development never looks maximal. such as inappropriate exchanges and products that are not in the market's interest.

[chanler]

Can we exactly research for the transaction and token in their wallet? About the smart contract address? because sometimes they may have the fake chart of that softcap reached. But, we need to do certain analysis on the wallet transaction and make confirmed to the chart. But it is also important enough not to only see this progress.

[atjiat]

Can we exactly research for the transaction and token in their wallet? About the smart contract address? because sometimes they may have the fake chart of that softcap reached. But, we need to do certain analysis on the wallet transaction and make confirmed to the chart. But it is also important enough not to only see this progress.

I have already made sure that I take this kind of questions very lightly.  Apparently the quality of the result depends not only on whether to receive funds or send them, but also to control the entire transaction from beginning to end.

[letyouearn]

Man, these marketing and promotion tips and tricks are being used everywhere - not only in crowdsales Open your eyes and take a look around
And people are being fed with all this marketing crap every day - and nobody cries about this. Just be smarter than the crowd and live your own life

[Ayobami99]

I do that before too. I actually use the bars to judge or join the projects. The funny aspect is that,  these are just designs,  smart contracts will be the best to judge that. You can just imagine icos that collected hard cap in 2018 are not running ieos in 2019- it is laughable,  nany project that said they collected millions hardly collected few hundred dollars. Due diligence is key

[Vaskiy]

Man, these marketing and promotion tips and tricks are being used everywhere - not only in crowdsales Open your eyes and take a look around
And people are being fed with all this marketing crap every day - and nobody cries about this. Just be smarter than the crowd and live your own life

We are much used to it, still we fall for these kind of marketing without analyzing anything much about the project or the backing team. Marketing tricks are the one that makes people have a view over their project. Even the smarter will go greedy which is nature of human mind and to that its just a reminder to be careful on the go.

[Successmaniac4]

If you have ever been scammed, you will not trust this bar to determine if a project will be successful or not. I was scmed one time and the project had told me they had reached soft cap meanwhile, they were still far below softcap.

[SistaFista]

Everyone can make that bar with a little amount of ability to editing pictures.
If they can provide us the fund raising wallet address with the coin balance on it, then we can trust.
The fabricated amount of raised fund can misleading investors and bounty hunters to join their ICO project.

[Krislaw]

This bar, does not mean anything to me, because every project can simply fake this data. Even exchanges are manipulating this statics acting like another IEO was sold out and in the reality less then several thousands tokens were sold.

That bar to say everyone for buy those product again and it could have capability developer have strongs comunity do developing project seriously.
No one know except team for real or fake data appear on website, Are the different auditor team need for auditing ICO/IEO project before launching?.