What does it need to start an ICO?

[lockept93]

Hey,

after everything i saw i know it's much work to start an ICO for a idea - but at least it looks better for me than a simple crowdfounding.
So if the concept is ready, what steps and points does it need to open an ICO?

Post your thoughts! 

[aakashsangwan]

There are many things you should account for in starting an ICO (this is what I think) a good idea, dedication to pursue your dream whatever happens in your life, a great website, good team, hardworking marketing team; they are the Backbone of money flow in an ICO, escrow are a must so that the owner doesn't run away with the funds. I am open to other ideas, as I also have no experience in hosting ICO.

[lockept93]

There are many things you should account for in starting an ICO (this is what I think) a good idea, dedication to pursue your dream whatever happens in your life, a great website, good team, hardworking marketing team; they are the Backbone of money flow in an ICO, escrow are a must so that the owner doesn't run away with the funds. I am open to other ideas, as I also have no experience in hosting ICO.

The concept is ready, also first little works started.
But this project needs more workers - this is why i look around for a crowdfunding possibility.

[europesss]

To most of the ICOs, only stories are needed. sweet one is better.

[lockept93]

To most of the ICOs, only stories are needed. sweet one is better.

Yeah - it needs a dream. I got it. 

[nappoleon]

You need a working product!!!

[lockept93]

You need a working product!!!

I dont think so, cause there would be mostly no funding needed.

[ololajulo]

Everyone wants to have an ICO now, this looks like a bubble also. The should be check on the ICO thing and people should focus on the project. The ICO idea had aslo brought in various scam in different degrees. Angel investors,Hegde fund and VC cant be trusted lately. Everyone is just exploiting it

[wnfmzm74]

I think the most important things is that have a special idea
some ways to made the world beautiful or change the life !

[lockept93]

Everyone wants to have an ICO now, this looks like a bubble also. The should be check on the ICO thing and people should focus on the project. The ICO idea had aslo brought in various scam in different degrees. Angel investors,Hegde fund and VC cant be trusted lately. Everyone is just exploiting it

If i got a visible project and use open to see and escow - i dont see a problem.
Black sheeps are no argument to compare it with every funding project. imo  

[lockept93]

 

[The Goat Master]

Working and sustainable product/model

[elite3000]

A site, a thread and some suckers to send your money, if you can convince them of your idea.

[MarkReuter]

1.Where should I start?
2.Are ICO campaigns suitable for any business?
3.So, should I conduct an ICO campaign for my product?
4.What should I focus on before launching an ICO?
5.How to leverage the team in an ICO campaign?
6.How to communicate the project’s goals to the audience?
7.How to protect the investors’ interests?
8.Which factors are important during the actual ICO?
9.Are there any special tools for better ICO campaigns?
10.What should I avoid doing when running an ICO?

[giveen]

There is a big difference between ico and crowdfund. In vrowdfund you raise money for introducing something new to the market but the people who fund your project you have to give them the product. In ico all the money you raised you can keep it with yourself and instead of giving the users product which costs you issue tokens which barely costs the owner anything and best part any amount of token can be issued so it's way more cheaper and profitable than crowdfund.

[yonghongtang]

I think you need an idea which is special and helpful to crypto world or real life, and  a team for developing product.

[inthelongrun]

Hey,

after everything i saw i know it's much work to start an ICO for a idea - but at least it looks better for me than a simple crowdfounding.
So if the concept is ready, what steps and points does it need to open an ICO?

Post your thoughts! 

You are a senior member here mate, so I know you know much better than me. But I think you should not even be thinking of the ICO first. That's just actually an instrument somehow. I think you have to start somewhere really important. Perhaps something that answers the question "What is it that you want to address with your ICO?" Or "What is it you have in mind that would help human life or provide improvement to the society or humanity in general?" Questions like these need to be asked first.

[Ayers]

I think you need an idea which is special and helpful to crypto world or real life, and  a team for developing product.

lol no, this is the last thing you need, did you see that all the ico are all shit copy pasted from each other with no original idea, but random faces, that thing they can get rich quickly, all are smart contract without no purpose, there are few expection like gigawatt and Tezos, but all in all you just need a new name to start an ico and pretty face on first page

[FrankNoland]

You need a team, you need funds, developers and programmers, marketing

[nappoleon]

You need a working product!!!

I dont think so, cause there would be mostly no funding needed.

What do you mean no funding? The sole purpose of an ICO is funding.