what is the job of advisors in ICO

[Greed Dev]

I have been looking to the ico projects and found that almost every project have advisors. So what is the main role of advisors in ico ?

I think ICO mentors are the ones who help their development team promote their projects better. Some celebrities will become consultants on ICO projects to attract investors to their projects

[RNGfight]

Most of the time, the ICO consultant only provides an endorsement for the ICO project.
So people who are willing to trust this consultant will choose to join ICO.

[xOdiumNostrumx]

I have been questioning this dynamic between the projects and their advisers as well. I am sure some of them are offering knowledge and experiences but it seems that most of them are just being paid so the projects can paste their faces on their website and consequently gain more notoriety and attention.

[MaxKnoblauch]

I have been questioning this dynamic between the projects and their advisers as well. I am sure some of them are offering knowledge and experiences but it seems that most of them are just being paid so the projects can paste their faces on their website and consequently gain more notoriety and attention.

yes that's true but regarding this the advisor should be well known.

[Goodnuel]

Advisors are usually experts with a broad knowledge of the proposed project sector, they guide and give professional advices based on their experience in the field. Advisor are highly important to upcoming projects.

[CryptoAlphaStar]

Mostly get listed and do nothing. The ICO benefits from the credibility and popularity of the advisors. The advisors get paid in tokens for agreeing to be presented as advisers. BitMex blog has a very good graph showing how interconnected are the same advisors with multiple ICOs.

[electronicash]

for ICOs which have advisors who are known in the crypto space, advisors are going to help ICO and the team reliable that investor will somehow feel its safe to invest. although the sucess of the project isn't 100% sure, the team will have the chance to collect more funds. advisors helps the decision of the team and they too will invest on to the project.

[askmecrypto]

I have been looking to the ico projects and found that almost every project have advisors. So what is the main role of advisors in ico ?

Not just crypto project but every company have an advisory board.
Advisor are responsible for providing the required guidance to new companies to accelerate and survive in stable and tough market conditions. There will be advisors from various fields, for example, marketing advisors, legal advisors, etc. They are well versed in there field and there experience is utilized to keep the company on track.

[lightcar]

Most advisors just provide marketing advice, they usually aren't too tech smart.

It's very important to look at their backgrounds when investing in ICOs.

[jayco25]

I have been looking to the ico projects and found that almost every project have advisors. So what is the main role of advisors in ico ?

The work of Advisors to give advices in the folowing aspect.
1. Advisors give new ideas and effective marketing strategies to the team.
2. They help also the team regarding implementation of the project specially legal aspect.
3. Advisors is really big help to the project specially if the said person is popular in the world of crypto currencies its easily raise funds. Like Roger Ver and Mcafee if the two are part of the advisors

#Support Vanig

[Cactushrt]

Giving advice to the team and giving a trust for investors to invest on that project especially those well known advisors

[mabell943]

I think the job of the advisors in ICO is to advice the beginners in this kind of business to be guided to how to handle and deal with the flow of the transactions of the business in inner and outer part.

[magicrypto]

Mmmm...Advisors have big experience in blockchain startups launching, so can give advises to devs, make marketing or hype to the project!

[hrunya102]

If the Advisor is well-known, people know him, for project it is a certain plus, the community will know that the Advisor will good, and be more loyal to the new project.