Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ayatoslaw on October 11, 2018, 05:09:24 AM

Title: Money from ICO?
Post by: ayatoslaw on October 11, 2018, 05:09:24 AM

I always wondered, when the project was softcap and even hardcap, and suddenly their project was stopped because there was a problem, could the money from the ICO not solve the problem?
and where do the money from the ICO actually work? for project development? or what, because I personally don't have a view about that,
need your opinion,

Title: Re: Money from ICO?
Post by: yitzjoe on October 11, 2018, 05:43:58 AM

problems in the team and the project can come from anywhere, and I'm sure this is not just money from the sale of ICO but it can be from other problems. if the termination of the project and the money from the sale is returned then the team and developer still have good faith and good, but if after the sale they declare stop and run, this is not a good thing for their credibility

Title: Re: Money from ICO?
Post by: JSD10M on October 11, 2018, 08:17:20 AM

There's usually a chart where they present the allocation of funds collected from ICOs.

I only know that there are refund to investors when ICOs do not reach soft cap. In instances where the project failed after a successful ICO due to reasons that money can't solve, I think the only recourse is thru litigation. Investors have to file a complaint to regulatory bodies.