WARNING! this is very misleading

[freedomgo]

This bar is showing every website when ICO is running. I checked some projects, after reached approximate hardcap then start initial exchange offer.

Maybe most of the projects now are aiming to get listed right away, and they find the iEO the best idea to realize their plan.
The ICO stage is crucial, they need to raise a decent amount to fund the IEO listing, I'm not sure how much but I'm sure it's not cheap depending on the exchange reputation and size.

[sjbi]

That is why everyone needs to do their own research before investing or working for a project as a bounty hunter. There are many projects, genuine or fake operating in the market. Some projects have ill intention and are on the lookout to scam people. I have also come across such indicator showing how much money a project has collected. Thanks for information.

[cahkalem]

this is very easy to do because they have complete control of the bar, but an honest team will never do it. this is also the reason why today the IEO is considered better than ICO.

well,, a few project will show us the truth about how much money collected during the crowdsale
but, some project didn't do that, they will try to cheat their investors,,
remember : not all ICO project doing that mate

[microsurfer]

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.

Almost every project will do it

[unusualfacts30]

You should never take bar into consideration when investing your hard earned money. Contract is what you need and verify it for yourself before making any investment. There are shady ones but you can tell if you put enough time into researching what you're investing in. nothing is 100% guaranteed and nothing is 100% certain but you can sort out what is good and what is not worth checking out.

[coin-investor]

This is the most misleading tool developers employ just to lure investor if you are a new investor you might fall into this, but everybody here knows that it can be manipulated, people should doubt if a project with a bad reputation and uses that kind of tool getting a high grade using that tool and you are a bad investor if you think that developers are very honest.

[patz22]

Good point right there! I definitely agree with you OP most investors are depending on that and for us to ensure that there would be no issues at all, they must add the address on where funds were sent to for transparency in that way there would be suspicious in both parties.

[kak uli]

a lot of people are fooled just by the status bar that doesn't work according to reality ... they just made an image just to attract investors to invest in their project ... but I never looked at the status bar if I wanted to invest ... I always see various aspects to find out the progress of the project ... so that I don't take part in a project that will scam ..

[MCDev]

a lot of people are fooled just by the status bar that doesn't work according to reality ... they just made an image just to attract investors to invest in their project ... but I never looked at the status bar if I wanted to invest ... I always see various aspects to find out the progress of the project ... so that I don't take part in a project that will scam ..

100% of projects give a status bar on the situation of calling for capital, they are certainly scam projects. I never believed in and participated in projects like that, which was ridiculous

[bgaf]

That's the problem nowadays, the crypto community is easily fool on this kind of information. They can even put hardcap if they want just to impress the community. This is not new actually, but a wise investor should have asked for contract or the address where the funds coming from the sales will be received and we can really see if they have funds displaying from that scale bar which isn't a good basis for investment signal.

[BennyK]

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.

These are some of the misleading factors about ICOs which have led to the dwindled interest of most investors in ICOs. Now, most investors prefer joining IEOs to ICOs. IEOs are well structured and organized in token sales as the exchange platforms serves as intermediaries between the project and the investors. Orders made during the sales are made visible for investors to see without any alterations.

[joromz1226]

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.

If you will become neglectful and no knowledge about checking the good project, you will always be a part of the scam projects.
This is the bad side of most ICO project, where transparency is not happen to their community and the scammer are free to do anything they
want for the victim. While in the IEO there is a high chance for you to be safe in my opinion. just look at the image of your illustration it is
obviously misleading for the investors so be careful.

[setialovers]

With that picture, i think they want to tell the investors that the project will keep running no matter how much money raised after this.
Many peoples are afraid to invest because their money will be refunded back if the project failed to hit the softcap, but not afraid if they know the project already hit soft cap. so yes, this picture is used to attract more peoples to investing on the project.

I think a picture like that is displayed to show that the developer team is transparent in raising funds. By demonstrating the progress of fundraising, the developer team expects investors to be more confident before investing because showing that a soft cap has been achieved means that the project can run

[jorenpo]

don't be fooled by just the price bar. ask for the receiving wallet to take a look at yourself.
and also don't just depend on an ICO to take a look if the project is good. read their whitepaper maybe.

[Kezacky]

yes you watched well, don't rely on the bar or fundraising display as explained above, I was one of the victims when I first invested in the project, I thought the chart had passed through softcap I thought it was safe but it turned out to be bullshit that the project was displaying the bar is not original & does not reach softcap at all. this is my experience when I was a beginner

[btcmegastar]

don't be fooled by just the price bar. ask for the receiving wallet to take a look at yourself.
and also don't just depend on an ICO to take a look if the project is good. read their whitepaper maybe.

Yes, the price bar will be controlled by the admins, so we need to check them through their smart contract how many coins have been sold. Yes, if a project looks good, then it is good to read their white paper because after their crowd sales they should follow their white paper for developments.

[judeafante]

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.

This should never be included, as one of the criteria on picking the right coin to invest it is very manipulative, it's just a php script and or a plugin that people can set up, and set the number it's not even in my criteria and I recommend people never choose or even check it always check the potential in the market.

[SummerBliss]

yes you watched well, don't rely on the bar or fundraising display as explained above, I was one of the victims when I first invested in the project, I thought the chart had passed through softcap I thought it was safe but it turned out to be bullshit that the project was displaying the bar is not original & does not reach softcap at all. this is my experience when I was a beginner

Most of the time ICO owners claim that they raised X amount in pre-ICO or pre-sale. Usually, this amount is somewhat more than soft-cap and there is no trace of this amount on-chain too. This has become popular way of serving manipulative data since 2018. Before 2018, the concept of pre-ICO was not common but since 2018, almost every ICO starts with pre-ICO and this is to serve wrong data as highlighted in OP.
This is one of the hundred reason why I no longer trust ICOs and I never invested in one since January 2018. Better to go with listed coins.

[slaman29]

That's the problem nowadays, the crypto community is easily fool on this kind of information. They can even put hardcap if they want just to impress the community. This is not new actually, but a wise investor should have asked for contract or the address where the funds coming from the sales will be received and we can really see if they have funds displaying from that scale bar which isn't a good basis for investment signal.

Who ever said crypto investors were wise? But this is the thing with this new economy in crypto. Ask for any of that standard information you would 100% expect in a normal investment opportunity or even an IPO and you won't get it.

Billion dollar ICOs or 100s of millions ICOs like Tezos or even like EOS. You think they gave any of that?

[ganeshramk]

Legit projects always post their wallets for public to verify them before they make decisions. Many projects are not doing that. As a investor, we can just ask for that details. This is not wrong also. Project might make deliberate attempt to not giving such information. Then that project should be a miss for me.