Post
Topic
Board Altcoin Discussion
Re: What does long sale periods say about the ICO?
by
hasmukh_rawal
on 21/08/2018, 14:36:20 UTC
There's some ICO which announce crowd sale that lasted longer than others. What does it signify?

Following that question, would you consider the duration of the different stages of an ICO sale? (e.g. a long angel round, or a pre-ICO sale that is very short)

Does it make a difference to you?

UPDATE: From the answers so far, many sees it as a case of the ICO team extending the duration of sale. But "extension" is not the only scenario that can happen.

Here are two examples:
1. An ICO ABCD at first announce a sale lasting X days. But when it gets close to the start of the sale, they extend the duration of the sale.
2. An ICO WXYZ announce their sale, and it is a long period (e.g. maybe 1.5 times longer than normal main sale period?)

So if you see these two ICOs, what would you think?


(EDIT: After reading some responses, I edited/updated this post to clarify and present a clearer case.)
In the first case the ICO ABCD might have chances that they have not raised enough amount of money to develop the their project further which is why they had extended the duration of ICO. It may also be that they are not ready with the platform yet which might have lead to the extension of the ICO.
In the second case it might be that the ICO WXYZ have a bigger project to develop which is why they have took enough time to plan and develop the platform and hence this would have made them to plan a longer ICO period than usual.
If we take it as a negative side then in both the cases the chances for the ICO to extend the ICO period just to collect more money from the people and scam them are higher too.