Post
Topic
Board Altcoin Discussion
Re: Multiple Round ICOs?
by
Tylev
on 04/11/2019, 05:08:00 UTC
Have you heard of ICOs with multiple rounds? Like they raise a certain amount of money now, use that money for primary aims and goals, and then a few months/years down the line (as part of their original plan) launch a second round to fund additional goals and further project development? Just wondering if this is a thing, if so please provide me with some links to projects that have done so.
In general, I normally belong to several rounds in ICO projects. This is sometimes a necessary measure, which is now associated with the poor state of the cryptocurrency market. Even good ICO projects now often do not raise sufficient, even minimal funds, and therefore such a measure may be the only one so that this project can still be launched.
However, as elsewhere, there may be abuse. This is not always good for bounty hunters, because sometimes the ICO project teams do not allocate additional tokens for subsequent rounds, in fact, forcing them to continue working for free, especially if it is impossible to exit the bounty without saving previously earned tokens.