I have a great business which works - do you think offering an ICO will be good?

[omaireab]

I am currently a newbie in the crypto world.  However, I run several successful companies.  One of which is a company which grows completely on referrals.  If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.  It's only ONE LEVEL down.  So you only earn from your direct referrals.  Rather than simply giving cash, we were thinking about offering a 'token'.  The value of which can change depending on the growth of the company.

It offers our customers a chance to actually get more value out of their cash and also can be lucrative for investors on an ICO.

Does this make sense?

Any thoughts?

Thank you in advance :-)

[Hhampuz]

I am currently a newbie in the crypto world.  However, I run several successful companies.  One of which is a company which grows completely on referrals.  If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.  It's only ONE LEVEL down.  So you only earn from your direct referrals.  Rather than simply giving cash, we were thinking about offering a 'token'.  The value of which can change depending on the growth of the company.

It offers our customers a chance to actually get more value out of their cash and also can be lucrative for investors on an ICO.

Does this make sense?

Any thoughts?

Thank you in advance :-)

So you are basically looking to implement a blockchain and or token in your company rather than doing it through cash? What sort of benefits would investors gain from this as I can't really see any reason for an ICO. You should consider telling us more regarding the companies that you are running so we may get a better sense of what it actually all means.

[ebliever]

Twice in the last couple days ICO's have been hacked and tens of millions of $USD worth have been stolen. It would have been ~$200,000,000 stolen if white hats had not stepped in. Just something to be aware of amidst the irrational hype of the ICO craze.


See: https://www.reddit.com/r/ethereum/

[Hhampuz]

Twice in the last couple days ICO's have been hacked and tens of millions of $USD worth have been stolen. It would have been ~$200,000,000 stolen if white hats had not stepped in. Just something to be aware of amidst the irrational hype of the ICO craze.


See: https://www.reddit.com/r/ethereum/

I believe that this has mainly affected the etherium chain and tokens issued on it, right? There are other options if you simply want a token that you can distribute without building it all from scratch (you still have to do something if you wan't a decent token). Although I have to say that personally, this hack was pretty dumb. Not made by pros.

[omaireab]

I am currently a newbie in the crypto world.  However, I run several successful companies.  One of which is a company which grows completely on referrals.  If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.  It's only ONE LEVEL down.  So you only earn from your direct referrals.  Rather than simply giving cash, we were thinking about offering a 'token'.  The value of which can change depending on the growth of the company.

It offers our customers a chance to actually get more value out of their cash and also can be lucrative for investors on an ICO.

Does this make sense?

Any thoughts?

Thank you in advance :-)

So you are basically looking to implement a blockchain and or token in your company rather than doing it through cash? What sort of benefits would investors gain from this as I can't really see any reason for an ICO. You should consider telling us more regarding the companies that you are running so we may get a better sense of what it actually all means.

We are launching a new branch of our existing telecoms company which is MOBILE NETWORK, SIM ONLY deal.  It costs $45 a month and you get unlimited everything.  If you refer someone to the service, your receive $15 every month they are subscribed.  Meaning THREE referrals will essentially wipe out your line rental.  You will still need to redeem your earnings for cash and then pay your bill off or for whatever you want.  If we could implement tokens instead of cash, I can see people becoming more active to refer people so they can redeem tokens which may be worth for than just $15.

The crowd which we have attracted are the type to refer and are looking for new ways to produce income. 

The company grows without any marketing and is providing an every day product which we all use.

We are experts in telecoms and have a big customer base.  The crypto side is something which we wish to use to raise funds to pump growth and ops.


Hope this helps.....??

[Hhampuz]

I am currently a newbie in the crypto world.  However, I run several successful companies.  One of which is a company which grows completely on referrals.  If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.  It's only ONE LEVEL down.  So you only earn from your direct referrals.  Rather than simply giving cash, we were thinking about offering a 'token'.  The value of which can change depending on the growth of the company.

It offers our customers a chance to actually get more value out of their cash and also can be lucrative for investors on an ICO.

Does this make sense?

Any thoughts?

Thank you in advance :-)

So you are basically looking to implement a blockchain and or token in your company rather than doing it through cash? What sort of benefits would investors gain from this as I can't really see any reason for an ICO. You should consider telling us more regarding the companies that you are running so we may get a better sense of what it actually all means.

We are launching a new branch of our existing telecoms company which is MOBILE NETWORK, SIM ONLY deal.  It costs $45 a month and you get unlimited everything.  If you refer someone to the service, your receive $15 every month they are subscribed.  Meaning THREE referrals will essentially wipe out your line rental.  You will still need to redeem your earnings for cash and then pay your bill off or for whatever you want.  If we could implement tokens instead of cash, I can see people becoming more active to refer people so they can redeem tokens which may be worth for than just $15.

The crowd which we have attracted are the type to refer and are looking for new ways to produce income. 

The company grows without any marketing and is providing an every day product which we all use.

We are experts in telecoms and have a big customer base.  The crypto side is something which we wish to use to raise funds to pump growth and ops.


Hope this helps.....??

That does not help at all. Great that you explained what it is you do but still the question remains: Why would I as an investor look at your ICO and think "They are on to something here, I better invest now"? Nothing you have said have made me more confident going towards such a judgement.

How will you determine the value per token? How will the token distribution to the people working for you work when the price can fluctuate? How will I as an investor in the token only see any benefir and possible economic growth? You have not showed any signs of answering those questions and I urge you to do so asap.

[omaireab]

Thank you.   The questions you have posed are things which my team and I need to work on.   

I suppose as an investor, the value will increase as each new customer signs up to our offer. 

But....like I said, we're thinking of new ways to take the business further.  It's currently turning over around half a mil.  We're eager to double it lol.


If there is anything which I should consider, it would be greatly appreciated 


O

[Hhampuz]

Thank you.   The questions you have posed are things which my team and I need to work on.   

I suppose as an investor, the value will increase as each new customer signs up to our offer. 

But....like I said, we're thinking of new ways to take the business further.  It's currently turning over around half a mil.  We're eager to double it lol.


If there is anything which I should consider, it would be greatly appreciated 


O

Sounds good that you'll go it over with your team but honestly it does not seem like you know what it means to launch such a token or what it means to launch an ICO.

You say that the value will increase as each new customer signs up, but that does not make sense as you will only pay the guy who refered this user. There's no real value for the token itself and such most likely a bad investment from an investors point of view.

[williamuk]

I am currently a newbie in the crypto world.  However, I run several successful companies.  One of which is a company which grows completely on referrals.  If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.  It's only ONE LEVEL down.  So you only earn from your direct referrals.  Rather than simply giving cash, we were thinking about offering a 'token'.  The value of which can change depending on the growth of the company.

It offers our customers a chance to actually get more value out of their cash and also can be lucrative for investors on an ICO.

Does this make sense?

Any thoughts?

Thank you in advance :-)

As it stands the ICO market is used to get money for nothing. You can try having a go at it but you should be warned: even without crypto regulation I suspect a number of laws are being broken left right and center in both US and EU (I don't have a clue about other regions). You should seek specialist legal advice. I suspect that kind of expertise is hard to come by and should you find it, very expensive.

[klarki]

What goals do you pursue?

[omaireab]

What goals do you pursue?

well right now, our model only accepts payments (monthly line rental fee) from members from cash and allows members to redeem any referral earnings as cash only.  I feel like we are a missing a trick? Especially as many of our members are eager to learn more about crypto etc.

With more funds, we will be able to scale the business.  Due to the amount of transcactions happening in both directions, it's something which I think (with the right plan and vision) will really benefit investors and users.

[pinkflower]

If you have a great business that works then why the need for an ICO? ICOs are not only vehicles for scamming, It will also put your business at risk because ICOs are not legal.

Be happy with your business and continue working hard.

[oreits11]

the customs with the blockchain system as regulating finance with the cryptocurrency, as those might on use of the distributor decision on delivering message,
the nature on open witnessing audiencies with the records of users transaction on return as closing with the terms of colateral business with the different partisan of service
improves with the shifts as the notice to gives of reference as the validity on arrange between timelines as being on field,
to confirms as future users on connectivity to defines of the decision.

[HardFireMiner]

Talking about real money (500.000$) like talking  about a bag of chips.

Good luck with building the scam.

[rigel]

if your business model works why do you want to run an ICO and divide your earnings with other people?
Can't you just keep all of them for you?

[One Man Band]

One of which is a company which grows completely on referrals.  If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.

My thoughts are, it sounds like you are allready running pyramid schemes, and as most ICO's (90%) are pyramid schemes, your project would likely clash combining the two.

[Omega Weapon]

I am currently a newbie in the crypto world.  However, I run several successful companies.  One of which is a company which grows completely on referrals.  If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.  It's only ONE LEVEL down.  So you only earn from your direct referrals.  Rather than simply giving cash, we were thinking about offering a 'token'.  The value of which can change depending on the growth of the company.

It offers our customers a chance to actually get more value out of their cash and also can be lucrative for investors on an ICO.

Does this make sense?

Any thoughts?

Thank you in advance :-)

First not every single service and businesses needs an ICO, second don’t get me wrong but every time I see a business that is based on referrals I think that might be some kind of pyramid scheme, you can try to use your tokens but don’t be surprised if it has the opposite effect as people quit because instead of receiving cash that they can spend anywhere now receive a token that no one wants.

[ticterine]

Twice in the last couple days ICO's have been hacked and tens of millions of $USD worth have been stolen. It would have been ~$200,000,000 stolen if white hats had not stepped in. Just something to be aware of amidst the irrational hype of the ICO craze.


See: https://www.reddit.com/r/ethereum/

Both of those ICOs were run by the same scam promotion company. I bet they built their sites with the same vulnerability.

[hajimasan]

I am currently a newbie in the crypto world.  However, I run several successful companies.  One of which is a company which grows completely on referrals.  If you refer someone to the company, you receive a fixed cash bonus every month they are subscribed.  It's only ONE LEVEL down.  So you only earn from your direct referrals.  Rather than simply giving cash, we were thinking about offering a 'token'.  The value of which can change depending on the growth of the company.

It offers our customers a chance to actually get more value out of their cash and also can be lucrative for investors on an ICO.

Does this make sense?

Any thoughts?

Thank you in advance :-)

It means you are going to start a news business which is same as is in your practical life .
Here in my life I seen many companies that enters in the market and run away .
Here is a big thing in the Market that if you can't make money from sub refral then you can't make big earnings , so rarely person will join such type of mlm network .
And also here you are saying the company ( where fiat is replaced by the cryptocurrency ) and people or members can make only by direct referral , so I don't think we can make big and also people will not get attract toward such types of the plan .
So.it will be more better if you can start a company where everyone can make earnings by sub level refral also .

[criptobear]

Maybe the token could have some features involved in the business, like for example give to the holder a part of the earnings or it could maybe part of the referral network, the people who buys your contracts are not the majority so maybe with the token you can open the business to other parts of the population before unreached?