Advisor's Role in an ICO?

[Anti-Cen]

I think an advisor should be someone very influential and at the same time have so many experiences with cryptocurrencies. His role is to give good advice on everything about the project. Their marketing strategy, project development processes, its mission and vision, short term and long term goals, etc.

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while (true)
            {
            Thread.sleep(10000)
            }

 

[Mayapurnamasariazhari]

Basically they will guide the company has let go of the ICO about the things of the law most of the time. Release the ICO without following appropriate legal action can bring you in a serious situation. Then a company is not as easy as we imagine releasing the ICO for granted

[Xynerise]

They are just titular figureheads.
They do not do anything at all, it's just to make your ICO look credible or attract investors when they see a bigwig name on your "advisor" list.

[leonardian_project]

When you are starting an ICO, one of the things that gives you instant credibility is the advisors you pick. With the right advisor, you can get access to big investors, PR, and analysts. If you are marketing an ICO, you need to remember that your advisors are a key part of your marketing channel. You need to keep them interested. More importantly, you need to arm them with data and facts to help them help you.

[stingraydiver]

An ICO advisor can offer industry knowledge and feedback.  I would be cautious of an ICO project that did not have someone with years experience in the business as an advisor.  They can help navigate rules, regulations and pitfalls.  It is pretty important to have real world experience on your ICO team.

[Emoss3417]

This is a good thread.

[J3V1L4]

I'm an advisor to 3 ICO's at the moment. What's expected from an Advisor are the following:

1. Whitepaper review
2. Token sale structuring
3. Token economics
4. Pre-sale investor introductions
5. Engaging with community for ICO
6. Introductions to other Advisors, Exchanges, Investors, Lawyers, tax-advisors etc
7. Regulatory compliance
8. Legal compliance
9. Smart-contract code review
10. Marketing, PR & Branding tips

Surely that whats expected, but how many advisors actually does this? Sorry, but I think being an advisor on more than 1 ICO at a time, is just not possible, if you truly are advising, and not just putting your name on a site and WP for some tokens.. Would love to hear your arguments for the opposite? 

[justbfa]

Hi Folks. Can anyone please help me understand what all comes under the role of being an Advisor for an ICO?? What are the responsibilities of an Advisor?? Any insight will be highly appreciated.

The name ICO Advisor has become a celebrity title.
Don't be fooled about such name. Let me give you this scenario.
I'm a digital media consultant, if a company is willing to do an ICO, I will simply offer them my service (Now the project owner will call me ICO Advisor and statement what I will be doing for them publicly for everyone to see.

The essence of my involvement should be to bring my expertise to the project not just title ONLY