worldtraveller321 (OP)
Member
 Offline
Activity: 512
Merit: 33
The Quest of the Best Information to the Solution
|
 |
August 26, 2018, 04:58:33 PM |
|
What types of things should one look for in their community to decide to start their own ICO?
What are ways to determine a demand?
As it seems ICO is what keeps the crypto market going. more people are interested in doing research for interest.
What are some of things i should look for to determine if starting an ICO be a good or bad idea?
|
worldtraveller
|
|
|
|
|
|
|
|
|
|
If you want to be a moderator, report many posts with accuracy. You will be noticed.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
rayk
|
|
August 26, 2018, 05:03:29 PM |
|
Starting an ico is good idea but it is much harder to raise money right now, so if you don't have a very good team, no matter how good project is, you can't raise money.
|
|
|
|
|
target
Legendary
Offline
Activity: 2240
Merit: 1041
|
|
August 26, 2018, 05:05:21 PM |
|
Well perhaps if you have an idea in mind that somehow needs to be in the blockchain and that it can be useful not just in your own community but to the crypto community in general then that can be your first credential. Basically, a project will collect funds if it needs funding and then tokenize the company it created. Some projects doesn't need to do an ICO by the way. Some just do giveaways to have support of a community.
|
|
|
|
|
allthebitandbobs
|
|
August 26, 2018, 05:07:26 PM |
|
Need a big LinkedIn team or else your going no where
|
|
|
|
|
Prolifik
|
|
August 26, 2018, 05:12:58 PM |
|
Oh my got, please do not do it. It is a waste of time.
Do you have any idea or real product what can you offer to your investors? No! So don´t try to start your ICO, please.
|
|
|
|
|
zeze18
|
|
August 26, 2018, 05:13:21 PM |
|
What types of things should one look for in their community to decide to start their own ICO?
What are ways to determine a demand?
As it seems ICO is what keeps the crypto market going. more people are interested in doing research for interest.
What are some of things i should look for to determine if starting an ICO be a good or bad idea?
Build an ICO is need a very solid and a good team and the most important is the good idea, and how it works in the future. If just build a random ICO just like many ICO right now, the token/coins will be just disappear in the market when the ICO end and project will stop running |
|
|
|
|
|
Ereun
|
|
August 26, 2018, 05:30:09 PM |
|
Vision and mission that can make people interested in investing, so please create an idea that has never existed before  |
|
|
|
|
sanacaks
Jr. Member
Offline
Activity: 308
Merit: 4
|
|
August 26, 2018, 05:42:38 PM |
|
First of all there must be a need for your project. It needs to have a potential of growing. You need to find a solution for a worldwide problem. It can be a reduce cost of doing something. People needs to eager to buy your token. So my thinking its a very hard job and needs hardworking, good knowledge of crypto and time.
|
SOVREN ───── Trade. Pay. Borrow. Play.
Blockchain Innovation for Securities Markets
[ https://sovren.app/ ] |
|
|
|
butka
|
|
August 26, 2018, 05:53:41 PM |
|
My suggestion is to ask yourself is there a problem you can solve, and more specifically, is there a problem you can solve that requires using blockchain technology. IMO, starting your own ICO makes sense only if you need to raise money in order to solve that problem.
For example, you have a great idea about a working product. Even better, you are close to releasing that working product. However, to do that you need more resources, better developers, and better marketing. Money will help you get there, and in contrast to the traditional ways of raising capital for business, you now have a sort of decentralized crowdfunding.
How Vitalik started his Ethereum is a good example. Had he turned to traditional ways of raising capital, I doubt he would have been successful. Instead he did crowdfunding via an ICO, but he knew what he was doing.
|
|
|
|
|
|
jacafbiz
|
|
August 26, 2018, 06:56:09 PM |
|
If you can't answer the above question please don't ICO, you will struggle to raise money in the current market. People are now wiser than before, the era of project coming to the market with little and expecting to raise money is over until the confidence return to market because most if not all these ICOs enter the market an started dumping
|
| .SUGAR. | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | ███████████████████████████
███████████████████████████
██████ ██████
██████ ▄████▀ ██████
██████▄▄▄███▀ ▄█ ██████
██████████▀ ▄███ ██████
████████▀ ▄█████▄▄▄██████
██████▀ ▄███████▀▀▀██████
██████ ▀▀▀▀▀▀▀▀▀ ██████
██████ ██████
███████████████████████████
███████████████████████████ | .
Backed By
ZetaChain | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | |
|
|
|
oseikuf44
Member
Offline
Activity: 490
Merit: 10
|
|
August 26, 2018, 07:01:58 PM |
|
The first thing to look for in starting an ICO is the product. Are clients going to be passionate in choosing your product or service and is it even demanded by people. If the project addresses a unique demand of clients, then is going to sell.
|
|
|
|
|
jorgelugra
Member
Offline
Activity: 266
Merit: 10
|
|
August 26, 2018, 07:03:31 PM |
|
I think that it is a good idea but you need to be sure that you will be able to manage this huge project and benefit from it. Weigh all pros and cons before taking such decision and I am sure you will succeed
|
|
|
|
|
Bttzed03
Legendary
Offline
Activity: 2114
Merit: 1149
https://bitcoincleanup.com/
|
|
August 26, 2018, 07:10:24 PM |
|
What types of things should one look for in their community to decide to start their own ICO?
What are ways to determine a demand?
As it seems ICO is what keeps the crypto market going. more people are interested in doing research for interest.
What are some of things i should look for to determine if starting an ICO be a good or bad idea?
I am not sure if there are "ways to determine demand", I believe demand or need can only be determined thru observation and personal experience. Does that sound vague? |
|
|
|
|
BQ
Member
Offline
Activity: 616
Merit: 53
CoinMetro - the future of exchanges
|
|
August 26, 2018, 07:22:24 PM |
|
well you need an idea first! if you have an idea, then ICOs clearly are an excellent way to find funding. although the ICO hype has died down alot, which maybe is for the better - too many stupid/copy projects that has no real purpose.
|
|
|
|
slightmoon
Member
Offline
Activity: 224
Merit: 10
diceroll.xyz
|
|
August 26, 2018, 07:24:31 PM |
|
If you are planning to launch your own ICO then don't do it now. If you have good idea then work on product and launch it in the next year with working product hope that time market also good. In this market hard to raise funds easily.
|
|
|
|
coinguides91
Newbie
Offline
Activity: 28
Merit: 0
|
|
August 26, 2018, 07:31:30 PM |
|
well, if oyu have a great idea, then go ahead, but otherwise just for the money don't do it pls.
|
|
|
|
|
xminerx
Full Member
Offline
Activity: 172
Merit: 100
quickest cross blockchain transactions
|
|
August 26, 2018, 07:36:36 PM |
|
Vision and mission that can make people interested in investing, so please create an idea that has never existed before the majorty of projects are excactly that, but nothing more, whitepaper projects with a big mission and vision and very little infotmaruon what rhe project thas already achieved (typically nothing) I would focus the few amounts of projects really caapable to deliver something big. |
|
|
|
DAVETUN
Full Member
Offline
Activity: 728
Merit: 101
Bitcoin is the currency of this age
|
|
August 26, 2018, 07:47:49 PM |
|
I feel the ICO has being abuse and this migth reduce the trust investors has on the cryptocurrency space, lots of project coming up daily with little of nothing to offer, all they out to do is to get fund and hope it can be pump and dump on innocent individual, more importantly I feel until we have a regulation in the space, this will continue.
|
|
|
|
|
Febo
Legendary
Offline
Activity: 2730
Merit: 1288
|
|
August 26, 2018, 08:00:37 PM |
|
What types of things should one look for in their community to decide to start their own ICO?
What are ways to determine a demand?
As it seems ICO is what keeps the crypto market going. more people are interested in doing research for interest.
What are some of things i should look for to determine if starting an ICO be a good or bad idea?
ICO is for sure not what keeps crypto going. ICO is a crowdfunding a project out of most country regulations. ICO organizers will have lots to explain why they choose this way. |
|
|
|
|
Lagrood
Newbie
Offline
Activity: 728
Merit: 0
|
|
August 26, 2018, 08:15:43 PM |
|
Well, not so long ago your ICO would be probably successful but now I would not recommend to launch any ICO because even excellent ICO were failed. The current market situation is awful for investors because almost all assets have lost more than 50% of their value and I am sure you will not be able to attract investors to your ICO. You would better to wait some time until market will be recovered to laucnh your ICO in a good environment. You may tr to launch your own ICO right now but you should evaluate risks and the future potential of your ICO.
|
|
|
|
|
|
