Post
Topic
Board Tokens (Altcoins)
Re: [ANN]VESTARINICO is LIVE |Marketplace of goods and services for cryptocurrency
by
tengui
on 12/04/2018, 13:06:22 UTC
I thought there was only 1 stage for the ICO (5th Mar. - 4th Apr.), but Devs have changed their ICO rules right after the end of original ICO, without any notification, and are planning to do more ICO sales from 10th May.
They have also changed their Whitepaper, and rewritten the period of ICO. The way of doing things are so UNFAIR.

 I feel so scammed by Vestarin Devs. People who have not invested yet, just STAY AWAY from this project.

EDIT: now they say that they won't do another ICO. They just messed up, and lost trust from initial investors.

why will the dev team want to lunch another ico? is it that the first ico was not successful? and also can not just change the terms of first initial ico without making proper announcement in this regards, trust and transparency is very important factor for both project developers and invest, bridging that trust will automatically bring misunderstanding and mistrust in the project, really cant understand why they have to go back on their words Undecided

 On the day ICO ended, dev was planning to do another ICO, due to short of funding, and explained to us that they can not develop full functional application they were planning to. I think you can check at Telegram if they have not deleted that conversation yet.
 I think trust is the most important thing in anywhere, especially in Crypto, and they should not have changed their ICO schedule right after the original ICO ends. And moreover, they should have set their soft cap higher, if they can not run their plan with that amount of funding.

I think if funding is not enough, developers should do ICO to 2 that had been planned before. Instead of ending this project with vagueness. I understand that investors will be disappointed with this, but I think this is a step to save the project from failure.

What do you mean by funding not enough...
They have achieved soft cap and soft cap is the minimum limit they think they need for project development. this means they already have enough funds to develop the project although the development will not be as fast as if they reached hard cap.

And if they set ico 2 without notice at the beginning, I think it's a bad move

But in reality the project has no bright spots. How do I summarize the achievement of this project? The ICO ended successfully, but what I'm asking here is why until now there is no information saying that the campaign has ended? I see the gift hunters continue to do their work, even the spreadsheet is no longer updated.