Post
Topic
Board Altcoin Discussion
Re: Do you think ICO is a good way to raise money?
by
jekainvestor
on 03/03/2019, 16:26:04 UTC
Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).


it is a pity but the truth is that lots of ICOs nowadays after the final period of the collecting money mostly do nothing in order to develop the project, but in most cases ICOs nowadays do not collect even the softcap, at least im most cases. So very often investors or participants of the ICOs complain and try to get their assets back, because lots of people believe in the developing project or want to see the rising profit after the ICO. It is a typical situation.