Bitcoin Forum

I have been looking to the ico projects and found that almost every project have advisors. So what is the main role of advisors in ico ?

anyone ??

They are there to give professional advice to the team as well help the project succeed

What of advises ?

advisers help you to take right decisions!
advisers are people with a lot of experience. Think about Peter Thiel and Facebook: he was an investors but also an adviser who helped Facebook to grow!
advisers have also a great impact on investment people choice. this help the marketing team to sell the project better and faster.

Just as the name implies, an advisors gives professional advise to the team of the project and this is usually towards the success of the project. An advisor will must definitely be an experienced person in line with the project at hand.

An adviser is normally a person with more and deeper knowledge in a specific area and usually also includes persons with cross-functional and multidisciplinary expertise. An adviser's role is that of a mentor or guide and differs categorically from that of a task-specific consultant. So, Advisor in ICO helps a project to guide and also a well-known & experienced advisor with good background keep great impact in an ICO project. Hopes this will help to know about advisors in ICO.
Thanks.

It's a good question as it is a very vague area on how much advice is given to the project. Are they just giving phone advice when they need help, or are they actually following everything and tell people what to do and how. More transparency is needed when listing advisors

There is the most important task before such people during project development = they should direct the idea of developers in the right direction and advise them how to properly develop platform,etc.

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The more important the adviser, the more confidence in the project! This is if you look at the analysis of the project, so if you see that the adviser or working or was worked in a good company, then this is a good sign!

I think that when companies enter the market, their main task is to collect investments and launch the project. But here's how to conduct bounty companies they do not know, so they hire counselors who have long been in this system and can help organize the project in the best way.

They trade own reputation only. As rules all their knowledge is known long time. But projects need them for more ratings. That's why a good adviser must have public face and good reputation. Nothing more

Advisors are skilled persons with deep knowledge in particular field. They are one of the key persons to take decisions and help the project with valuable decisions in time of need. People sometimes get interested in tokens seeing some popular personality as advisors in a project.

they give the ICO founder team good advises on developing the project, they help to promote the ICO, they do everything to make sure the ICO reach its target.

Mostly advisors are placed on an ico site just for the purpose of marketing, on the practical side the advisor can suggest the project with his expert opinion on an issue that the project may face, as far as the issue is related to the field of expertise of the advisor.

This exactly what i think that basically advisers are for marketing purpose. And what if team don't agree on his advise. ??

From the word itself, they advice on what will be the best for the ICO regarding marketing, token sales, distribution etc.

But did you noticed something from these ICO's? they are getting popular advisers which makes their ICO look to be more reliable, it's main purpose is to attract more investors which makes their ICO/sale firmer than the rest that doesn't have this position.

In fact, I think the consultant's job is to allow investors to trust this project and invest in this project. Of course, only well-known consultants can achieve this effect.

duty counsel is to provide the best solutions in decision-making at the ICO. their role is very important to be successful and whether the ICO is executed. an adviser must be prosecuted has more experience and knowledge in the ICO in order to guide the ICO to be successful.

I think ICO mentors are the ones who help their development team promote their projects better. Some celebrities will become consultants on ICO projects to attract investors to their projects

Most of the time, the ICO consultant only provides an endorsement for the ICO project.
So people who are willing to trust this consultant will choose to join ICO.

I have been questioning this dynamic between the projects and their advisers as well. I am sure some of them are offering knowledge and experiences but it seems that most of them are just being paid so the projects can paste their faces on their website and consequently gain more notoriety and attention.

yes that's true but regarding this the advisor should be well known.

Advisors are usually experts with a broad knowledge of the proposed project sector, they guide and give professional advices based on their experience in the field. Advisor are highly important to upcoming projects.

Mostly get listed and do nothing. The ICO benefits from the credibility and popularity of the advisors. The advisors get paid in tokens for agreeing to be presented as advisers. BitMex blog has a very good graph showing how interconnected are the same advisors with multiple ICOs.

for ICOs which have advisors who are known in the crypto space, advisors are going to help ICO and the team reliable that investor will somehow feel its safe to invest. although the sucess of the project isn't 100% sure, the team will have the chance to collect more funds. advisors helps the decision of the team and they too will invest on to the project.

Not just crypto project but every company have an advisory board.
Advisor are responsible for providing the required guidance to new companies to accelerate and survive in stable and tough market conditions. There will be advisors from various fields, for example, marketing advisors, legal advisors, etc. They are well versed in there field and there experience is utilized to keep the company on track.

Most advisors just provide marketing advice, they usually aren't too tech smart.

It's very important to look at their backgrounds when investing in ICOs.

The work of Advisors to give advices in the folowing aspect.
1. Advisors give new ideas and effective marketing strategies to the team.
2. They help also the team regarding implementation of the project specially legal aspect.
3. Advisors is really big help to the project specially if the said person is popular in the world of crypto currencies its easily raise funds. Like Roger Ver and Mcafee if the two are part of the advisors

#Support Vanig

Giving advice to the team and giving a trust for investors to invest on that project especially those well known advisors

I think the job of the advisors in ICO is to advice the beginners in this kind of business to be guided to how to handle and deal with the flow of the transactions of the business in inner and outer part.

Mmmm...Advisors have big experience in blockchain startups launching, so can give advises to devs, make marketing or hype to the project!

If the Advisor is well-known, people know him, for project it is a certain plus, the community will know that the Advisor will good, and be more loyal to the new project.