How to start an successful ico

[Boomber]

I think you should have a good management team and a unique concept on the project that attracts a lot of people's attention to invest in your ICO.

[VTS]

I think you should have a good management team and a unique concept on the project that attracts a lot of people's attention to invest in your ICO.

You can possible have the worlds best idea and team, if you do not run proper marketing the ico will most likely FAIL!

[richierich]

By now VTS would have gained more ideas to run your own ICO successful. Try increase your funds as you have already received the same ideas from many. All the best VTS for your projects. Keep your system always secured from hackers. That's another challenge everyone faces.

[bhoybitcoin]

Hello!

I would be interested in stories about ico's that didn't work out. (Maybe the project it self had great potential)



What are the main reasons why an ico can become unsuccessful?



On what ico startups need to watch out before they go live?



The theory about ico's is perfectly clear to me, but like with everything in life, theory is one thing and real experience the other. I do believe that failures are a very good sources to learn from. My personal experience is that in many cases people do learn more from failure examples than from success examples.


I ask for unsuccessful ico stories because my company will soon launch an ico for our 2 projects: https://bitcointalk.org/index.php?topic=2129844.msg21279456#msg21279456 and I would like to avoid "mistakes" that could possible turn out to be unsucessful.


>>> List:

- Make sure your website is secure, i.e don't get 'hacked'
- Make sure your ETH or BTC address doesn't change on your homepage
- You should have a good design
- Detailed whitepaper
- List of team members with their previous projects and social profiles
- If you distribute tokens through web or client software, make sure that those products are rock solid and secured against possible threats
- You should recruit some people who have been popular in this forum for your ICO team
- You must have a fund for first development
- Create a detailed roadmap too, and don't delay it
- Always provide a working and secure product
- Do not focus only on getting fund

Well this are good lists, I had joined a campaign before and the team was composed of popular people here in this campaign. But, the ICO didn't end up well. There were a lot of supporters during their ICO but only 1/4 of the coins were sold during the ICO. I wonder what went wrong, maybe it's because there's a lot of ICO going on every day, is it because of competition?

Yes  that's true. Since many icos keep on coming up you cannot stop them from competing from each other. It's like survival of the fittest. The one who has the good strategy wins.

[VTS]

By now VTS would have gained more ideas to run your own ICO successful. Try increase your funds as you have already received the same ideas from many. All the best VTS for your projects. Keep your system always secured from hackers. That's another challenge everyone faces.

Thank you!

Can you elaborate "increase funds"? What you mean...

[p3ppymon]

In order to be successful, you ICO has to have a novel idea. A revolutionising idea! Without such a strong and robust fundamental, your ICO will be a fiasco. Doesn't matter about team and pr and other things. Idea first!

In the eyes of ICO investors and token buyers these days, you may be right.

But in reality, an idea is actually less important than being able to execute.  Entrepreneurs usually try to keep their ideas in secrecy because they think they are so valuable.  Venture Capitalists will tell entrepreneurs to scream out their ideas in public and see that nobody will steal their ideas, because there are so many ideas floating out their, but few can execute them.

After only 1-2 years, there are already multiple projects that want to store data in the cloud, multiple projects doing prediction models, multiple projects doing casinos, multiple projects creating anonymous coins, multiple debit cards, multiple investment funds, multiple real estate blockchains, etc., etc., etc.

Very few ICO projects show that they can execute.  Few can prove that they can write software, because they don't have any to show you.  Having a MVP (minimum viable product) is no guarantee that the team can execute, but it serves as much more evidence that they will be able to execute than not having any software.

There have been crypto projects that raised a lot of money and have not given evidence that they will execute.  In the coming years, you will see this number explode.

This is what is unfortunate.  The ICOs with the best marketing will get most of the money, but much of this money will be lost.

I understand your points but there are lots of tools which are currently used to protect intellectual properties and codes. I know it is wxpensive to protect an IP, but if the idea is great that is the only way!

[StockBet.com]

In order to be successful, you ICO has to have a novel idea. A revolutionising idea! Without such a strong and robust fundamental, your ICO will be a fiasco. Doesn't matter about team and pr and other things. Idea first!

In the eyes of ICO investors and token buyers these days, you may be right.

But in reality, an idea is actually less important than being able to execute.  Entrepreneurs usually try to keep their ideas in secrecy because they think they are so valuable.  Venture Capitalists will tell entrepreneurs to scream out their ideas in public and see that nobody will steal their ideas, because there are so many ideas floating out their, but few can execute them.

After only 1-2 years, there are already multiple projects that want to store data in the cloud, multiple projects doing prediction models, multiple projects doing casinos, multiple projects creating anonymous coins, multiple debit cards, multiple investment funds, multiple real estate blockchains, etc., etc., etc.

Very few ICO projects show that they can execute.  Few can prove that they can write software, because they don't have any to show you.  Having a MVP (minimum viable product) is no guarantee that the team can execute, but it serves as much more evidence that they will be able to execute than not having any software.

There have been crypto projects that raised a lot of money and have not given evidence that they will execute.  In the coming years, you will see this number explode.

This is what is unfortunate.  The ICOs with the best marketing will get most of the money, but much of this money will be lost.

I understand your points but there are lots of tools which are currently used to protect intellectual properties and codes. I know it is wxpensive to protect an IP, but if the idea is great that is the only way!

"protect intellectual properties" ?  Are you referring to patents and copyrights?  Isn't that the anti-thesis of the cryptocurrency space?  When the coin is owned by thousands of holders, who is supposed to own the patents?  Are you saying that the software should NOT be open source?

[VTS]

In order to be successful, you ICO has to have a novel idea. A revolutionising idea! Without such a strong and robust fundamental, your ICO will be a fiasco. Doesn't matter about team and pr and other things. Idea first!

In the eyes of ICO investors and token buyers these days, you may be right.

But in reality, an idea is actually less important than being able to execute.  Entrepreneurs usually try to keep their ideas in secrecy because they think they are so valuable.  Venture Capitalists will tell entrepreneurs to scream out their ideas in public and see that nobody will steal their ideas, because there are so many ideas floating out their, but few can execute them.

After only 1-2 years, there are already multiple projects that want to store data in the cloud, multiple projects doing prediction models, multiple projects doing casinos, multiple projects creating anonymous coins, multiple debit cards, multiple investment funds, multiple real estate blockchains, etc., etc., etc.

Very few ICO projects show that they can execute.  Few can prove that they can write software, because they don't have any to show you.  Having a MVP (minimum viable product) is no guarantee that the team can execute, but it serves as much more evidence that they will be able to execute than not having any software.

There have been crypto projects that raised a lot of money and have not given evidence that they will execute.  In the coming years, you will see this number explode.

This is what is unfortunate.  The ICOs with the best marketing will get most of the money, but much of this money will be lost.

I understand your points but there are lots of tools which are currently used to protect intellectual properties and codes. I know it is wxpensive to protect an IP, but if the idea is great that is the only way!

"protect intellectual properties" ?  Are you referring to patents and copyrights?  Isn't that the anti-thesis of the cryptocurrency space?  When the coin is owned by thousands of holders, who is supposed to own the patents?  Are you saying that the software should NOT be open source?

We are talking about digital content creators, licensing, copyright distribution and monetizing such digital content!

[StockBet.com]

In order to be successful, you ICO has to have a novel idea. A revolutionising idea! Without such a strong and robust fundamental, your ICO will be a fiasco. Doesn't matter about team and pr and other things. Idea first!

In the eyes of ICO investors and token buyers these days, you may be right.

But in reality, an idea is actually less important than being able to execute.  Entrepreneurs usually try to keep their ideas in secrecy because they think they are so valuable.  Venture Capitalists will tell entrepreneurs to scream out their ideas in public and see that nobody will steal their ideas, because there are so many ideas floating out their, but few can execute them.

After only 1-2 years, there are already multiple projects that want to store data in the cloud, multiple projects doing prediction models, multiple projects doing casinos, multiple projects creating anonymous coins, multiple debit cards, multiple investment funds, multiple real estate blockchains, etc., etc., etc.

Very few ICO projects show that they can execute.  Few can prove that they can write software, because they don't have any to show you.  Having a MVP (minimum viable product) is no guarantee that the team can execute, but it serves as much more evidence that they will be able to execute than not having any software.

There have been crypto projects that raised a lot of money and have not given evidence that they will execute.  In the coming years, you will see this number explode.

This is what is unfortunate.  The ICOs with the best marketing will get most of the money, but much of this money will be lost.

I understand your points but there are lots of tools which are currently used to protect intellectual properties and codes. I know it is wxpensive to protect an IP, but if the idea is great that is the only way!

"protect intellectual properties" ?  Are you referring to patents and copyrights?  Isn't that the anti-thesis of the cryptocurrency space?  When the coin is owned by thousands of holders, who is supposed to own the patents?  Are you saying that the software should NOT be open source?

We are talking about digital content creators, licensing, copyright distribution and monetizing such digital content!

How will you protect that? Put the content on the blockchain? Bitcoin's 100 GB and Ethereum's 200 GB blockchains are already have scaling problems.

[VTS]

Hello!

I would be interested in stories about ico's that didn't work out. (Maybe the project it self had great potential)



What are the main reasons why an ico can become unsuccessful?



On what ico startups need to watch out before they go live?



The theory about ico's is perfectly clear to me, but like with everything in life, theory is one thing and real experience the other. I do believe that failures are a very good sources to learn from. My personal experience is that in many cases people do learn more from failure examples than from success examples.


I ask for unsuccessful ico stories because my company will soon launch an ico for our 2 projects: https://bitcointalk.org/index.php?topic=2129844.msg21279456#msg21279456 and I would like to avoid "mistakes" that could possible turn out to be unsucessful.


>>> List:

- Make sure your website is secure, i.e don't get 'hacked'
- Make sure your ETH or BTC address doesn't change on your homepage
- You should have a good design
- Detailed whitepaper
- List of team members with their previous projects and social profiles
- If you distribute tokens through web or client software, make sure that those products are rock solid and secured against possible threats
- You should recruit some people who have been popular in this forum for your ICO team
- You must have a fund for first development
- Create a detailed roadmap too, and don't delay it
- Always provide a working and secure product
- Do not focus only on getting fund

Well this are good lists, I had joined a campaign before and the team was composed of popular people here in this campaign. But, the ICO didn't end up well. There were a lot of supporters during their ICO but only 1/4 of the coins were sold during the ICO. I wonder what went wrong, maybe it's because there's a lot of ICO going on every day, is it because of competition?

Yes  that's true. Since many icos keep on coming up you cannot stop them from competing from each other. It's like survival of the fittest. The one who has the good strategy wins.

Agree! And adding: Thhe biggest marketing budget!

[VTS]

To add something more from our own experience:

- Split promotions management by departments! Example: Social manger, Forum manager, PR manager. That way activities can run more focused and smoother!

[cvan]

an example of a good ico is the team, idea, platform, and all the small details like website, branding, etc.

Unikoingold recently falls into that category.

[btcjoin14]

To add something more from our own experience:

- Split promotions management by departments! Example: Social manger, Forum manager, PR manager. That way activities can run more focused and smoother!

Having those departments split could make it easier to manage. I would also recommend that you spend extra money to keep the employees happy.

[buddy56]

Thanks for your thread

[CGHugo]

Thanks, guys ... very good advice !

[VTS]

Thanks for your thread

You are welcome!

[VTS]

Thanks, guys ... very good advice !

Glad you see it as useful! Much appreciated!

[Slipknot79]

This is really helpful. I am sure most of us have considered starting an ICO. This gives a great insight.

Many thanks again

[VTS]

This is really helpful. I am sure most of us have considered starting an ICO. This gives a great insight.

Many thanks again

Thank you for your kind words and that you honor the info we give!

[sapusapu]

Thanks VTS, you give some information for our about how to successfully in ICO. I often join in ICO but I never make list  about it. I hope your information give me more successfully in ICO