Quote from: ethereumhunter on November 14, 2018, 09:32:09 AM

Quote from: btyco on October 06, 2018, 09:09:56 PM

If you start a business and ask the bank for $10m they will throw you out on the street. ICOs should set a much lower and realistic softcap, even $1m or $2m is enough for most of these projects in the ANN thread.

Do you think they really need millions of dollars for a team to develop a program and then market it afterwards?

Every project can make a target to reach, and they can make it to the larger amount of money. We don't know what exactly they want to do with that money, and maybe they need to pay every people who are contributing to the project and developing the project until it's finished. Sometimes we think that it seems does not realistic to see the number but still, we don't know what for the money they will use. I think there is a project that has a lower soft cap as you said and some of them can reach their target while the other project cannot do the same.

An ICO project needs funds or raised money to pay the team behind the projects and the other member that would help to promote the products. To develop the projects of course it needs huge amount of money.