Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on July 30, 2020, 04:33:27 PM
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To all crypto enthusiast, I know some of us have asked questions to certain projects about Hardcap and softcap figures respectively, unfortunately, many projects chose to have only hardcap that may not be realistic even given the longest period of ICO/IEO time frame.
Now, I have been on a project that has no softcap but they have found it extremely difficult to meet the project hadcap on IEO sales. Obviously, there are no green lights from investors purchasing all planned token on the current IEO sales, do you think the amount realized at the end of the long periods of token sale without hitting their planned capital can be considered as the Hardcap, or softcap?
Example, company "A" Hardcap was pegged at $8k and the sales ended up at $5k, can I say the $5k is the Hardcap or an immediate softcap, because they could not meet $8k cap for the project? Your thoughts,
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Each ICO project has its own minimum and maximum amount of fees in order for these projects to be launched. Of course, ICO teams very often overestimate these amounts, but in the end, only the project team can decide whether the funds raised are enough for the development of the project.
In order for investors and even bounty hunters to navigate how this process is going, of course, we would like to have real numbers for this. At the same time, we cannot independently set the minimum amount for fundraising, this is individual and completely depends on each project.
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Hardcap and softcap statistics and ICO / IEO implementation take a long time. If I don't know the issues of the team well. There are many projects that do not have softcaps they want to sell in a paivate way. But the chances of scamming are high. I think hardcap and softcap are needed for sale. I do not believe in ICO / IEO. Hardcap and softcap are important for proper map of the project. Without hardcap and softcap, market cap is not filled.
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IEO/ICO are form of fund raising in order to sustain next steps of the project with investors money. It is essential for the project to reach softcap nor hardcap to expand the development. But not at all times softcap and hardcap successfully reach. Possible the team provide another way to pursue the project vision but it could or couldn't be depends on how effective and attractive the strategy.
No budget the project stay's drawing.
Bounty hunters always in the last position whether to receive payment or not.
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Why is it hard to touch HArdcap because now it's ICO or IEO it's hard to be a trust for people who are new to cryptocurrency.
I think that IEO in Binance is now no longer able to HArdcap because the confidence level of IEO is also decreasing.
I see also like KAVA, Fetch or Harmony are not included in the Hardcap category.
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Every project has definite softcap and hardcap. Sometimes projects hardcap are so high that it could not be acquired. I already participated some projects which could not meet hardcap but it has no softcap. So i think it should be definite softcap and hardcap amounts.
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Hardcap and softcap has an important role in different projects. but most of the time projects are just relying on what they have just raised during the specific period of their token sales. If the project has successfully raised the softcap target then its a blessings already because the market now is not favourable to any form of fundraising attempt. in today's condition, the HardCap is just only an option.
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Raising capital is probably the most sensitive issue of projects, because they are not sure how much money they need to realize the idea. Hardcap is a large amount but it is easy to identify, and softcap is a minimum amount, very difficult to determine, especially when the market is still highly volatile. Today's 1,000 ETH may be $300,000, but it could be only $100,000 by 3 months after the Token-Sale ends.
The softcap setting also affects the speed of capital mobilization, because many investors never spend money to buy tokens if the softcap has not been reached.
So I also find it easy to understand when some projects do not publicly softcap. They usually wait until the Token-Sale ends, check the capital raised and then announce the project's continuation or return of capital to the investor.
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If all enthusiasts are asked about the project's hardcap or softcap, they will not be able to say. I agree with you that projects cannot be realistic even in the longest period of time ieo or ico. There are some projects that have no softcap but they find it extremely difficult to meet the project headcap with IoT sales. I do not understand why this is. If the hardcap and softcap are right, then according to the further plan, the fixed price of the project will increase further. So the projects are not successful.
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hardcap very difficult in getting a project that does not have panthers big that actually supports the project in full I see a lot of projects that do not reach hardcap because they do not have a strong desire for cooperation with large companies is certainly very influenced for the project to be successful and achieve hardcap not all project really successful because many projects are not softcap because there is no support.
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Some projects do not even have softcap, they said that they have raised enough money to develop the project from private investors or partners. However, most of them are scam projects, designed to get money from participants who believe in the concept of "softcap is reached"!
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hardcap is not the indicator of the projects that will be successful in the future. We all know that the good projects will be after the crowdfunding. How the team will manage and develop the projects so that they can make the price not too dropped because of the token holder believe in the projects enough.
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There are some projects that already have qnough funds, so the don't rely on fundsraising or IEOs to collects funds. They just do it to promote their coins/tokens. So, if they cannot meet softcap or hardcap in IEOs, they have no problem to continue their projects as they already have enough funds.