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.
Yes, I often see ICO that has finished the first round, but they continue the second round. In fact, they changed the name of the token in the second round, while in the first round it was finished. LUCRE (LCR) is an ICO that has been completed in the first stage. Now they change the symbols from LCR to LCRT, and the LCR tokens they have shared are not working. I don't understand what they are doing right now.
This type of token is nothing but a pure scam, because if you have finished raising fund from the first sales, why come the second time again to raise the second time, and then changing name, this is how most scammer do operate. I know we have some projects that are do raise fund twice, but those ones make their intention known to the public and they never finish raising fund at the initial stage.
The initial stage is what they use to raise the fund that they will use temporarily to sort out some things that requires development while they pause to act based in the first fund that they receive and then come back the second time to raise fund that will complete the project for them, and most of these ones are usually very serious projects with real use case.
Yes, I see that the project is close to the element of scams. But I can not be sure that it is true or not. But according to my analysis that will lead to scams. I hope this can be processed to ensure certainty about the project, so it will not take a lot of victims.