This is a question I ask myself all the time that why do so many ICOs usually take so long period of time before they are finally over. Some ICOs could go for long period of time as long as 6 months and 7 months thereabout. Does it mean the longer the period of ICO the better the rewards? Does that long period of time really mean I will have better profits either as a bounty hunter or an investor? I need some clarification and probably some advise as a newbie to ICO bounty.
There are couple of things about why many projects need a longer time frame to complete there ICO: (Below points I am writing are only for genuine ICOs and not the SCAM ones)
1. The amounts they are raising from ICO could be humongous, I have seen ICOs raising $75mil+ and obviously, they cant be sold out in a day or two, until and unless those are really hyped up or if shilled from some business giants.
2. Projects may not have enough awareness, there marketing skills are terrible and they are not reaching out to there audiences in the correct manner to raise funds, so it takes months of time to complete there fund raising from ICOs.
3. The ICOs are not appealing and the crowd thinks that its worthless and they dont want to invest in it. It is the toughest part for the fund raising company, about how they need to engage with the investors, how to take them into belief,etc.