What do advisers in ICO really do?

[rysioslaw]

All ICO's have advisors, some of them, a lot of. Can explain, what they really do?

[cryptocue]

All ICO's have advisors, some of them, a lot of. Can explain, what they really do?

They are the ones who decides what these ICOs should do,they are ones who are dictating the bounty campaign managers how much tokens would they distribute,what do with the project,they are the main characters who are giving ideas to the whole team,founders will have to communicate with these people so then if the idea has approve,the team will have to follow.

[rysioslaw]

Thank you cryptocue.
I saw ICO's with 2 team members and 12 advisors, and antoher with 16 team members without advisors.
Does this mean the quality of the project?

[qazgroup]

Mostly they are part time advisors and just give their opinion or suggestions in their area of expertise, they do not have any administrative or operational role in the project.

[Dhruvv1]

Have some good idea and to execute it both things very opposite to each others. A good advisor can take an ICO, which tends to be no more than a vague idea at the beginning, and help build a road-map for the ICO, the proof-of-concept, and actual production. The reality is that between idea and production, there is a lot of work and a little luck. The unsettling truth is that most ICOs today will fail. For an ICO to be successful, it must have the right people either running it, advising it, or preferably, both. Taking the time to research who will be giving the advice may give you insight into whether the ICO will succeed or whether it is an unsustainable promise. While it is impossible to know with 100% certainty if an ICO will fail or succeed, paying attention to the red flags may help you to safeguard your investments and reduce your risk. 

[leea-1334]

Thank you cryptocue.
I saw ICO's with 2 team members and 12 advisors, and antoher with 16 team members without advisors.
Does this mean the quality of the project?

It implies that the project has a lot of ADVICE, but it means nothing in terms of guarantee. I will tell you this. Advisors are actually marketing tools. They bring onboard recognition and their own personal networks, so by association, the ICO seems to be "big" and "legit". If the advisors are all low quality it does not matter if you have 1 or 16, but on the other hand 1 good advisor brings in a lot of networking. McAfee can be advisor and your ICO will be big. Why? He says buy and all his Twitter followers buy.

[tk808]

We sit back and collect. Advising ICO's is tremendously easy, if you have knowledge about everything-crypto related. The most difficult thing, is building the connections, then you get passed around like a whore.

[bigdogdan2]

Having some advisers is good.  It helps give legitimacy to the project.

[Emperor of Man]

Just as the term suggests: advising!  

They are supposed to help developers make the right decisions in marketing/legal/technical/etc matters. But be careful, some projects just put a name on their advisors list to gain hype and fame (many ICOs did that to Vitalik last year).

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[mautenisis]

Thank you cryptocue.
I saw ICO's with 2 team members and 12 advisors, and antoher with 16 team members without advisors.
Does this mean the quality of the project?

Thats insane,only two people in the team and how will expect those two will carry all the development,not even possible for these two to handle a single twitter campaign alone that campaign will surely more in theories,not going to work anyhow so you know what to do,stay away from that campaign and find better,theres  a lot of promising campaigns out there.

[BigBoy89]

All ICO's have advisors, some of them, a lot of. Can explain, what they really do?

Advisers are... giving advises according to their expertise

Like when the team should conduct the ICO. What are the perfect specific to project length of ICO, soft cap and hard cap, bounty size, what to include in WP, etc.

[cryptocurrenciesboom]

The project advisor, relying on his work experience, first of all turns the idea into concrete steps that will lead to the specific goal of the conceived idea. The result is a road map! After analyzing the step-by-step program, other people join the work team, such as investors, technical experts, lawyers.

[UFO2018]

The advisers are professional in their own industry. They know the development and the future of their own field, for example, the green energy. it is good for the development strategy of the team in ICO stage.

[setifien19]

ICO advisors are those people who focus on the development of any given project , they orient the whole stuff ( whose are part in ) by giving piece of advice & instructions aiming for taking the right way of projects in order to maximise its success

[Dissident991]

All ICO's have advisors, some of them, a lot of. Can explain, what they really do?

Advisors are people that have huge experience in development, marketing, founding companies etc. and help team in fields that they specialize. And they make good advertise, many people invest in ICO without even reading whitepaper, just looking on famous names in advisor board.

[maereglapo]

Advisors as far as i know are the people who are deciding which are the best thing that the team should do,strategy makers,financial managements,and development managements are the most common things they are doing,they can be called as the BRAIN of the whole project,they will decide how the whole team will develop,and they are the main key for the ICO's success.

[TheAlchemist]

There are different types of advisers. Some take part in bounty companies, give advice, share their experience with developers. Others simply are an advertising face. Almost nothing is done and does not interfere.

[visiblehand]

Yikes.  Any company relying on advisers for a lot of the stuff mentioned here is not going to be very successful long term.  Advisers should be giving advice on specific important topics that the business doesn't necessarily need a full time employee for.  They also might be mentoring senior team members.  Anybody relying on advisers for most of the heavy lifting is in serious trouble. 

I also suspect a lot of them are just on board to provide an appearance of legitimacy for a project with an otherwise weak team.

[Hoenir]

Actually we dont now. Many people just interest their money. Not really doing a job.