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Croin
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September 18, 2017, 09:37:03 AM
 #1

Hey guys,

I would like to know if anyone of you have any experience with the Advisory board of ICO.
What are the usual conditions of the people are they getting BTC or the Coins whats the usual agreement (or lets say the most common).

Greetings

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September 18, 2017, 09:52:37 AM
 #2

I don't have experience with ICO Advisory Boards but I'll share my experience from corporate and non-profit work. I don't see why ICOs should be any different.

Some Advisors are like "marquee signings". They're just there for the reputation their name lends, and seldom participate in actual board and management meetings. They're used in introductions, big events. These actually don't get paid very much and usually ad hoc. Others are engaged a lot throughout the earlier stages, even directly influencing and shaping policies and decisions. These tend to get salaries, but also for short contract periods.

As the company/organisation develops and finds its own way, there is less involvement from advisory board. Compensation also lessens, to a point where there is none at all.

From ICO whitepapers, if they are to be believed, I've seen anything from 0 to 2 percent of tokens reserved for Advisors, usually with a very long lock-in period.

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September 20, 2017, 01:11:29 PM
 #3

Don't expect and try to contact existing big figures. They are very busy and UN-available nowadays.
And they charge advisory fees up-to 5%.
Good Luck.
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September 20, 2017, 10:01:59 PM
 #4

depend from adviser, I think that for top advisers very special conditions and most part of reward in liquid crypto. Depend from project and I afraid if project not brilliant it could be impossible to attract good adviser
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September 21, 2017, 03:07:18 PM
 #5

Yeah I also guess they are simply known

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September 21, 2017, 08:55:25 PM
 #6

Some SCAM project could provide good money for you face:) But it will last time when you use your face for ICO.

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October 14, 2017, 04:57:56 PM
 #7

But for me it seems that every crap ICO has some major "Advisors" how do they contact them how is it even possible to get such people on board?
Or is it maybe simply scam ??

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Croin
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October 23, 2017, 10:15:21 PM
 #8

But for me it seems that every crap ICO has some major "Advisors" how do they contact them how is it even possible to get such people on board?
Or is it maybe simply scam ??

Guys I was looking for this problem for awhile but I couldn't figure out wether its true or not!?
WHat are your suggestions on this topic?!

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October 23, 2017, 10:25:19 PM
 #9

But for me it seems that every crap ICO has some major "Advisors" how do they contact them how is it even possible to get such people on board?
Or is it maybe simply scam ??

99% of ICO's are shit. Even with these high profile advisors, how do we even know they are working on the project and have a role? We dont, because 99% of white papers are shit, and dont even talk about the role they have in the business. Who cares if a fortune 500 companies CEO is on the advisory board if he/she isnt doing weekly or at least monthly work. ICOs are just marketing 101 all over again


"How do they contact them" the same way you would contact that person irl. Have a previous relationship with them, email, phone, social media, irl contact etc


I mean some of these adviors are college professors, so it is easy to contact them. Who is going to say no to " be on our advisor board and we will give you 100k coins that we will presell for $.10 ( 10k ) and you can dump them 2 months after the launch. Can I take your picture and create a bio and you will get $10k" 

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