Bitcoin Forum

Hey guys,
I and my team are planning to launch a pre-ICO and ICO after that. I know that most ICOs these days are held on Ethereum, but we do not have resources to code or pay for coding a  smart-contract. So I was thinking about launching pre-ICO at Waves, because it doesn't need smart contract development; we could just issue tokens and sell them at Waves DEX exchange.
And once we get some funding during pre-ICO, we can hire a coder to code a smart contract and hold actual ICO at Ethereum. What do you think about it? Or will it it better to hold both pre-ICO and ICO at Waves in this case?

Thanks in advance.

I think you should use only one of platforms.
In this way, after ICO, there will be two kinds of tokens. One in ethereum platform and another one in waves platform. It will be confusing.
Waves is a good platform. In my opinion use that for both pre-ICO and ICO. There will be no problem.

Too many the project based on the ethereum platform, you must try to make the different that it just try to use another platform of ethereum such as waves. that will be a good choice for you. Just try to hold both of the pre-ico and ico in waves.

Thank you. Actually I was thinking about exchanging Waves-based tokens to Ethereum-based tokens afterwards. Not sure that it can be done transparently for all the participants though.

No more ICO's please.  :P

Thanks. I get it that it is better to hold to one platform during pre-ICO and ICO. My only concern is that Ethereum seems now to be an industry standard. But Waves is sooo much easier to issue and sell tokens.

You can launch an Ico but using only one platform because if you launch and it is two platform you will have a problem on it .I think you and your Team is not capable to run an Ico for now , you haven't not enough knowledge about platforms and you need a capital not only to launch and start all your funds in the investors.

I understand that there too many ICOs now and a good portion of them are scam or projects that will never be built. On the contrary, we have a product built, up and running, but we need funds to develop it further and promote. And that is a product that people need. I am saying that not because I have launched it, but because I have access to analytics and I know usage statistics. Holding ICO is probably the most efficient way for us to get the funds for product development and we believe that early investors will have a chance to return their money back and earn on that.

Actually there were ICOs held at two platforms simultaneously. I can remember now of Encryptotel, but there definitely were more of them.

But that is not what I am talking about. I am talking about holding pre-ICO at Waves because it does not require any technical knowledge and coding. And after pre-ICO switch to Ethereum and exchange the tokens from one blockchain to another. Thus, ICO won't be held at two platforms.

As for the comment, that we are not capable of running ICO now, well, probably that is right. That is why we want to hold pre-ICO first and invest the funds raised in ICO, hire a Solidity coder and technical advisors. As for the marketing of ICO, we are able to do that - we have a HUGE experience in that.

You could make a crowdfounding instead, if you don't want to deal with Ethereum or smartcontracts, if you don't have the resources now.

I don't see a reason why that would not work. Of course it would sound weird to many investors, but all it will depend how you tell your story I guess.

That's right and I honestly consider ICO to be ALSO a form of crowdfunding without the limitations, fees and other barriers traditional crowdfunding has. For example, I am not allowed to run a campaign at Kickstarter as I am not a resident of the right country :) And I also believe that traditional crowdfunding is dead - ICO in some form should replace it as a more transparent and liberal mechanism. Waves platform seems to be a tool for guys like us. Concern is that Ethereum is just more wide spread.

YOu are right,

Hi guys( The TS), what's your idea, do you want to take people money in you wallet. I think you look so greedy with your project. You seem to make on your own profit. Don't you think after sales, That coin holders need to get profit, not you to earn the profit. ICO make investors interesteed because the coin is worthy after ICo. If the coin useless what' for their invest. First you create token with waves with only 2-3 dollars then make million dollars. What do you think of that business? after that you make coin with eth platform. What do investor do after finished the first project. The waves coin you created will be worthless. That's not fair in business and investment plan.

What do you mean by saying that we are greedy? Sure, we will do our best to make our tokens worthy after ICO. Our tokens are going to be an internal currency for our product, which will give benefits to token holders (discounts, privileges, etc.). Of course we will do our best to make a successful product and in this case tokens will for sure be worthy since there will be a limited supply of them. You can check our project here http://tokport.io/ (http://tokport.io/)

As for the waves and ethereum, as I have already said, the idea was to exchange waves-based tokens to ethereum-based tokens. And of course we will give benefits to the holders of waves-based tokens as early supporters and exchange them in like 1:1.5 or 1:2 ratio (waves:ethereum).

But thanks, I already see that it is too confusing and probably we should stick to one platform. I believe that should be Waves in our case.

launch only in one platform, if you able or if you planning to launch your Pre ICO and ICO in different platform you will confuse your participant also you will be having issues on the token. by the way y=if have knowledge analytically and have some team to work on but dont have enough funds. i think it is better to take an advise to any expert or try to talk to different investor show your vision and mission and  how the project will get to start and their benefits after the project before launch ICO. because as we all know most of ICO right now are not in good image. dont let your project be one of some ICO that go down , if your team are truly and serious about your project.

Best Regard to your Team,Dev and to the Project!

Thanks, it already seems to be weird for most people here :)

If you need to ask this here in public before launching your ICO,,, I would say it is better if you don't even try to do it. You should know first of all what is the value your chosen platform will bring to your project and how it would work out. Otherwise it is simply a token for the sake of a token. No real crypto value, no blockchain tech, another meaningless ICO.

Waves platform is just a design over of Ethereum platform for the sole purpose of easing the ICO process. There are everything pre-designed and you would need almost nothing to start any ICO.

Thanks for that!

Yes, I already see that it is confusing, so we will stick to one platform, although there were projects that ran successful ICOs at two of them simultaneously.

Thanks for your input, I appreciate any and I mean that. First of all, I believe anybody should always try no matter what, so we will do this :)
Second, I know the difference between Waves and Ethereum very well, as well as the advantages and disadvantages of both of them. But the question was how confusing it would be to hold pre-ICO on one blockchain and ICO on another. It seems I have an answer now :)

And of course I cannot agree with you on the meaningless ICO. We are building a product that would be better than greedy existing ones. We want to give people all over the world who cannot afford traveling the possibility to practice foreign languages easily and free/cheap. And we also want to give common people the possibility to earn money by providing such practice without greedy platforms and payment gateways robbing a good portion of money they earn. And what is important - we already do this.

Thus, if ICO helps us improve the product and spread the word about it, I won't consider this ICO meaningless. And when the product is successful, investors will be able to earn because the token will be an integral part of the product and there will be demand for it due to its limited supply.

We recommend you use those two platforms, I've heard of primalbase project using two platforms namely waves and etherium. You can also try both.You right waves have their own exchanger waves dex and etherium have smart contracts.

Actually they issued their tokens at Waves, but since Waves claim to be interoperable with Ethereum, PrimalBase team were saying that their token was built on two blockchains, which is not entirely true from my point of view. But indeed, there were ICOs held at Waves and Ethereum simultaneously, e.g. Encryptotel.

Yes you are right, the fact its primalbase uses token platform waves. But unfortunately his project does not seem as expected.
But I'm sure his dev is planning something  :D

I think waves still needs development so I go for ethereum. Ethereum is running since its initial release in 2015 and it is the cryptocurrency that is used in funding ICOs. There are other cryptocurrency that is same as waves and still needs development since it is young unlike ethereum. Maybe there are multiple platforms in the future including waves. We just need to accept the fact that ethereum is in the top platforms in funding.

Just my opinion, no hate.  :)

I agree with that. It is just easier to run ICO on waves since no coding is required.

That sounds like a lot of trouble and then you will be subject to moral dilemmas that can affect your reputation, for example it is not rare for scammers to get coins of early investor by deceit, but what would you do if the owner of the coins say to you to give to him these ETH tokens even after he got scammed? And what if he sold the coins and now is trying to scam the new legitimate owner of those coins.

Good points. I think we'll stick to Waves.

I'm planning to do similar way:

1. Waves token for pre-ICO with lock-up for sales untill ICO ends (for guarantee that there is no trade)
2. Finishing smart contract
3. 1:1 conversion of the waves tokens into erc20 tokens (token holders will be sent tokens to an address, that confirms the ownership, then the ERC20 tokens are sent from the smart contract (a pool for such action reserved)
4. waves tokens are burned through the node option:

curl -X POST —header 'Content-Type: application/json' —header 'Accept: application/json' -d '{ \    "sender": "string", \    "assetId": "string", \    "quantity": 0, \    "fee": 0 \  }' 'http://127.0.0.1:6869/assets/burn'

Would it be acceptable for community?

Waves community and network has its advantages for the assessment of the project (pre-ICO). If pre-ICO is success, than there is sense in making ICO. When the pre-ICO min is not achieved, people get their money back and story ends..

Finally made decision to enter Waves :)

https://medium.com/@tokenloyalty/not-only-ethereum-icos-waves-on-the-run-3cfc9d7a0cec (https://medium.com/@tokenloyalty/not-only-ethereum-icos-waves-on-the-run-3cfc9d7a0cec)