Ninjastic
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Board Altcoin Discussion
Re: Do you think ICO is a good way to raise money?
by
PuertoLibre
on 21/03/2019, 00:13:26 UTC
Quote from: cyramji on March 20, 2019, 11:17:16 PM
Quote from: Quintrix on February 26, 2019, 04:50:45 AM
Quote from: cyramji on February 25, 2019, 10:24:13 PM
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 ).


Well they just used the money to make a profit from the bull run, they are fast to received but very slow to return, sometimes they don't return the money at all ICO is a great way to raise money for the legit project but not for investors who falls to scam ICO.
Indeed , they took profits from bull market then return the money with 1/4 value
Honestly, the profitable projects taked back all the winnings like in gambling session. What happened in bull markets is not question here and there is no more such thing called reliable ICO.