Do advisors really matter?

[$$$sparkles$$$]

What do you guys think about advisors and their roles in projects? Recently saw algebraix announce their advisors and they're not the typical blockchain advisors most projects have, but seem very strategic in both the blockchain world and traditional business world.

https://www.coinbureau.com/press-release/algebraix-welcomes-leaders-advisory-board/

How do you think projects should go about bringing on advisors?

Having a team of advisors in a project is essential in terms of picking their brains for in depth knowledge and strategies. These people are considered experts in their respective fields. And so their credibility precedes them. Even a country's president or prime minister will have a group of advisors to guide them in their decision making. A company's CEO will surely have some advisors in his board. Clearly, it is a need to have or to form a team of advisors in any major venture so as to largely contribute in its success (Unless you are a genius or super human where you can do everything on your own! 😉).

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[Pet240]

Yes, just as the team of a project is important, advisors are also important. If a project has good set of advisors, it adds value to the project and this has the tendency of attracting more investors. I have seen situations where a project was able to sell just because of the advisors. Had it been it never had those advisors, i doubt if it could succeed.

[Dondont]

Depends on the advisors, but many just rent their faces for money.

I doubt it, how people would risk their pride and big names for a few moments, if it had happened then the ICO project did not go as planned then the advisor would find it difficult to get a job as an advisor in another project

[karanggatak]

A project must have a clear advisor and an expert in the field, such as the genesis vision token he has a charlie shrem advisor which resulted in the project being very successful. charlie shrem is a member of bitcoin foundation he is very big influence on all projects he sheltered. so the success or failure of a project is very influenced by who its advisor

[Vatimins]

What do you guys think about advisors and their roles in projects? Recently saw algebraix announce their advisors and they're not the typical blockchain advisors most projects have, but seem very strategic in both the blockchain world and traditional business world.

https://www.coinbureau.com/press-release/algebraix-welcomes-leaders-advisory-board/

How do you think projects should go about bringing on advisors?

     LOL, nice advertising skills you have there mate. haha. Anyways, I seriously cannot say anymore. Because even with the fact that advisors really do a lot to make a project flourish, it is pretty obvious that nowadays, projects just put in various advisors that have names in this industry as much as they can if they can afford it not for their minds alone but for the hype of the project. So while I think advisors are important for ideas, they are also important to make a project more famous.

[yinoye]

Strong or good or experienced advisors or partners in a project is a good sign that the devs are trying to develop their project well and make it popular and also increase trust ratings among investors

[bamita125]

I don't think they perform an advisory role as they are called. They just display them on the page to show a public figure.

[sircy]

the Adviser should indeed experts and professionals in their field. his role is certainly very important for the sake of progress and success of the project. If this position only is underestimated only then only a small possibility of a project will be successful is appropriate.

[mimota168]

They help to delete the possibility of having only one option. Sometimes, the fail of an ICO is directed to advisers. They also give some marketing strategy on how to steer the project the right way.

[hihitao40]

Depens it's really hard to understand the work they do in background, on some Ico for example you can never ear about them but they can bring over 50000 people on the project as investitors or as users after the project will born (Apps).

[Bagani]

Having a great advisor in a project is one most important, why? These kind of people had a great long experience in different problem and strength in crypto. So thought from them can cause good platform. They will do suggestion and the problem can get in this world. So the team will find out the  solutio early as possible. So the project become successfull

[MiniMountain]

Every advisors in new platforms have different roles and common things is to advise the developer on what expertise does the advisor have to improve the platform itself and attract more investor to recognize the project, also the advisor increase the trust issue on newly project if the advisor is known to the public and his/her field.

[Mpamaegbu]

If the word "advisor" as carefully defined is used in the right sense, I would say yes every project needs an advisor. It should be mandatory. Without them is like driving a car without learning how to drive first. And those on the advisory board should be composed in such manner to uphold integrity and knowledge around the project at hand.

But what do I know? I hear lots of advisors are compromised and don't even know the term of reference for the job they do.

[polyballz]

this industry (cryptocurancy) is getting bigger and more and more need for advisory board, which is experienced with various industry experience. in order to create a sense of security and comfort in conducting cryptocurancy activities.

[cryptoherr]

i think that it is Always not bad to have some good an well known experienced advisors. But there are so many icos which Claim that vitalik buterin iss an advisors, but i doubt it he has his own projet to work on

[jayyen]

There are elders in every field and we need to tap into their wisdom.They have experiences in the field we are new to and they know the ups and downs on the journey. So advisors are very important to ensure that we succeed in what ever we are doing now.We need to be advised on so that we can put up technical measures in everything we are about to do .this will help to reduce the risks of failure.

[wxa7115]

I have been in telegram for quite a while just reading messages from ICO owners and admins.
I can see they are really using this advisors pretty well.
There are rules that are not known by regular people and this advisors have the books for it.
They need them for that. This is kind of an odd question though. I didnt even expected someome will ask that.
Are you going to start an ICO?

If the advisors are really active in the project then they are without a doubt very influential and give a lot of good things to the ico, but many advisors are only selling their image and are not actually helping the ico to become more successful, so at the end it will depend, there are advisors that are active and are very important for a project while those that are not do not really matter.