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.
The main purpose for ICOs is to raise funds to support a project. The amount needed is set by the team, which makes the soft cap or hard cap. Most projects are are structured such that without reaching the soft cap they cannot function so it is necessary to sometimes extend the soft cap in order to get more time to raise tg funds needed