Building an ICO, or any project actually is a big task, the money/budget you invest in it it's only up to you, you can do it cheap and smart, or you can spend dozens of dollars and get shitty results, the idea is to do things smartly and find the balance
Here I will publish the parameters of every aspect in building and launching an ICO and the approximate price base on my knowledge and my experience, in addition, I will add a few things you should definitely avoid well building your ICO 1-Concept: Concepts are mental objects or abilities that create fundamental beliefs regarding your project. They play an important role in all aspects of your ICO The estimated budget for conceptual development: 15-75k depending on the complexity of the technology and token economics underlying the product. If it’s a simple project and you have an experienced in-house team, you can potentially develop the concept in 2 weeks, which means cutting costs to less than 10k (depending on employee salaries) 2- ICO Technology DevelopmentEstimated budget: 25-50k depending on the complexity and scope of the problem you are addressing and the number of industry professionals you require to tackle the problem. ICO Development – Legal side(Important)Estimated budget: An estimated 100-200k to engage a competent advisory/consultant in legal and compliance, and also depending on where the lawyer is based and their hourly rates. Some reputable law firms are charging up to 400k for this component, but you do not necessarily have to part with this amount of money as long as you are reasonably assured that your legal counsel is keeping up with ICO best-practices and regulations. ICO Development – Token Sale System DevelopmentEstimated budget: 65-100k to launch off existing platforms that could provide you with a white-labeled platform to launch the sale. Developing the platform in-house would cost more than this and require a longer development timeline. ICO Development – Cybersecurity ManagementEstimated budget: Any budget allocated to preventing yourself from getting hacked is money well spent. The bare necessities of cybersecurity measures require around 40k, although it’s never a waste to spend on additional efforts at protecting your infrastructure. Digital marketing (The full info about the marketing side you may find here in this ICO/STO PR Guide It can save you some important dollars from your budget. Hope you find it useful/Interesting:) Well, your subject is quite good but it does not corellate on your story Focusing on your subject, it is quite expensive to run an ico because you first need to have a very good product or project you are offering to the public Advising you not to create another form of shit token Thanks
|
|
|
It is true that bounty managers are one reason why bounty programs are overcrowded with spams because there are no solid rules And most bounty managers invites as many hunters as possible knowing fully well that chances of paying hunters are slim
|
|
|
With recent happenings in crypto currency regarding token sale, i think icos are beginning to find their feet because binance conducting the crowdfunding event for BitTorrent and Fetch.AI has raised the hyped again.
And now, Bittrex has also announced a crowdfunding event too, an IEO,
so can you give your opinion on whether IEO or ICO will survive on the long run
Basically, IEO is an ico which already verified by exchange site and that exchange site wanna create a cooperation with that ico. this just like a symbiosis mutualism. You must understand the definition from both of these things. Thanks for the simple clarity, does that mean that both the exchange and the project conducting the ico have a mutual benefit? if so, how does bittrex get a benefit? please do explain
|
|
|
No funds no project idea makes me sick and tired of ICO ,I never like the idea right from the beginning ,why? Well to me if you are the owner of your business or company and you have struggled a lot to build it you won't dare want to let go or see it crumbled and fail,this is not present in ICO cases ,ICO is just like "oh if not much funds then I will back off and reopen another project maybe we can reach the hard cap" ,well if every developers are the ones funding there projects they will be more serious to make it a successful one,the easy safe path of backing out if hardcap is never achieved makes it feel easy for every one especially the scammers, I'm not been heartless ,if you don't have money to fund your project just don't bother ,many coins out there have no ICO ,no premine ,no bullshit with fine price per coin ,they never want any funds ,coins like masari ,Loki,haven project, dero rely on nobody fund yet they perform better than hundreds of ICO.
I think with events lately, you do not have to be sick about ico Binance has sprung a surprise and have had 2 successful ICOS event, bittrex is also joining the team, so i advise if you are an investor, just join the hypes now and always do your own research every time.
|
|
|
With recent happenings in crypto currency regarding token sale, i think icos are beginning to find their feet because binance conducting the crowdfunding event for BitTorrent and Fetch.AI has raised the hyped again.
And now, Bittrex has also announced a crowdfunding event too, an IEO,
so can you give your opinion on whether IEO or ICO will survive on the long run
|
|
|
I'm just curious if you guys still hodling your altcoins? Do you still believed that we could get x1000 profit if we hodl our altcoins longer? And kindly suggest best coins should i invest this year.
Thanks.
At the moment, i think crypto currency is going to make it big and large beyond our expectations, because the acceptance is high, the useability is increasing and even one of the greatest bank in USA is creating a JPMCoin to further emphasize the massive growth of crypto currency Just dyor, select few tokens to invest in for the longest of times.
|
|
|
I do not think so, because most icos I have come across do not sell shares or stakes, but you buy equal amount of tokens that your invested etherum worths. If you are looking up such shares, check datablockchain project or probably desico
|
|
|
I want to agree with your subject, aside from just listing potential successful ico projects, there is also a need to look after your investment by following every updates either tiny or huge,
Get every details of listing on exchanges amongst other information, because project seems to delay exchange listing recently. Dont fall in love with any project token that you have, let your profit be priority always.
|
|
|
Hi cryptonias I have a friend who is very worried about his portfolio because since 2017 he haven't been able to make huge profit out of crypto cos he has no money to invest and i told him to joined airdrop and bounties ,his worries now is all his coins and tokens are not popular ones this is his list 1)Apollo currency 2)electroneum 3)senno 4)slate currency 5)avinoc 6)snapparrazi Etc all this are make from airdrops and bounties and the highest ones are around 50$ presently the rest are 30$ down ,what kinda advice should I pass onto him?
Well, what is the volume of the tokens he holds? Are they in large quantities or low quantities To begin with, avinoc is popular and trading well if your. Friend monitored avinoc; he would be in profit already Apollo did well on idax just few weeks back; just tell your friend to focus on the prices of the token in exchanges Only that way can you make profits
|
|
|
How long does Ico last? So, my friend is participating in the subscription campaign in the OUTOFTHLOUD project. https://bitcointalk.org/index.php?topic=4814891.0then something has changed and now https://bitcointalk.org/index.php?topic=5085373The rewards program began on August 1 and continues to this day. It has been 8 long months. Posts in social networks stopped at the end of 2018. For all Telegram questions, when the program ends for a fee, my friend gets one answer - after Ico. When asked when Ico will end - silence. It’s a pity to throw a signature, it turns out 8 months of work wasted ... Tell me, is there a limit on the duration of Ico? It can not last forever? Icos vary indifferently; some icos last for just a day Some icos reach softcap and hardcap in just 7 days Where as some icos last 3 months and end up not reaching softcap It all depends on your project
|
|
|
Well everyone knows that certain projects do not have a reliable working product But an investor does not consider only products; but hypes
More hypes brings more pumps and more profits
|
|
|
We worry too much about trust and forget the simple way out Get your private keys to a document either an hard disk or flash drive Encrypt it and simply will it away to someone important and someone that understands crypto currency
|
|
|
I think the actual question is do I really need to pass through that much stress ?? When I can simply wait few weeks and pack the dumps The price that goes up is coming down; no reason to panic
|
|
|
I do not agree with you; projects conducting an ico crowdsale is in search of money in etherum or bitcoin Asking them to pay bounty hunters in etherum would mean; paying out of their softcap or hardcap meant to develop the project
It is not entirely a smart move
|
|
|
Experience is very vital in life, either good or bad. You might have encountered some challenges (while trading, investing or in the use of some crypto tools) in the crypto space, your manner of approach and how you were able to solve them or perhaps you could not, all these together can help you to make good decisions in the future. Only the fearful will never dear to take a risk that will be an advantage to him in future. This is a trending technology with a bright future. Learn more about it, teach others, make use of it and very soon, you will see it working for you.
I am in good agreement with the subject line because we learn everyday and for every circumstances we face in crypto currency; we learn and be at more benefits Which is why there is no need to be scared of risk taking; it is what we need
|
|
|
The three tokens you hodl are good tokens with good volume But as a trader you need to stop thinking it will bring profits
You need good back up and research information to guarantee your profits always Hope does not work with crypto currency trade
|
|
|
Blockchain are not early; it’s been almost a decade of immense practice, experiments and real life usage of several Blockchain platforms such as etherum eos stellar waves etc
Am not sure what early you are talking about because artificial intelligence is here
|
|
|
Almost all members in this forum talk about bull run, coins that are good for investment and so on. now I have a number of coin assets that I got from several bounty projects last year. the amount is not small when compared to other bounty participants, but the coin coins among them no longer have a volume on the exchanger. maybe even the coin will be a worthless coin. my question is. if there is a bull run when Ethereum, Bitcoin, EOS, Stellar and all other coins are greatly increased, will some of my coins be worth again? Will a bull run affect the price of my token?
Yes you are right almost everyone in the forum talks about and wants the bull run And to be more honest; even the biggest whales wants the bull run But the bull run does not mean that certain tokens will experience increase in value Even if we have the bull run; some projects will still die away
|
|
|
hi, it's been a long time since I have access mew I usually store my tokens on an exchange because I'm an active trader. does myetherwallet is on a new look? I just need to be sure, Im being skeptical to use the website because of its new look, it might be a phishing website.
I think you do not need to access MyEtherWallet.com website everything All you need is to import your details into trust wallet or imtoken wallet and then use t from there Panic not; MyEtherWallet has a new beautiful look and interface.
|
|
|
There are numerous ways to find out how to sell your coins Firstly, you need to check coinmarketcap and find out where the tokens are trading
If the project is not listed on coinmarketcap; then you need to check their twitter and telegram handles for information about the exchange they are listed
Then you go to the exchange and check their informations and make your trades
|
|
|
|