Quote from: metalglowd on June 27, 2019, 05:22:09 AM

The price of initial offering I think depends on what Project. So we cannot say this is overpriced or not. If you only implement an application via mobile, I don't think it should be expensive.
Finally in the end all of those will become shitcoin, that was the bad thing.

Setting up a company that has plan of having a product that will globally be used is really not an easy thing to do financially which we all know that it requires lots of financial commitment, but the issue I see with at least 50 percent of ICO is that they over estimate the cost of establishing the project, and once they hype the price, the best way to meet up would be to place an initial offering value that will be too high for the worth of the project itself.

It would not have even been of any challenge to majority of investors if they deliver on their promises, but despite given an overpriced projects, the still dont meet up with expectation or establish that which was actually proposed, the next thing you hear is that they spent majority of the money in advert.