Does a Successful ICO Really Require $$$$

[virtualinvestor770]

Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.

[KingScorpio]

Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.

an ico can also be successful without a budget,

its however more difficult to find and keep teammembers, and get certain tasks done as you cant hire a serviceman.

regards

[Strufmbae]

An initial coin offering is also a fundraising,  it has mathematical point of view when it comes to payment but you should always have a great deal when it comes to deal in hiring people with skills and knowledgeable enough to make a service run.  But. I think it is impossible to run an ICO completely without money.

[Lillian4real]

For a company to be successful, it needs alot of money to run the company also with alot of experience. That is why most companies do set their target at min and max cap which means if it sees a minimum amount of capital, it can continue the business.

[Eddyc]

In my opinion the budget is a consequence of the project requirements. So the quality of the project can be transferred to the price in the same way that low prices represents a bad project. To add, the price is the symbol of the project for the investors and through the prices we will know the investors' adhesion. However it is only theory and there are other requirements to define a good ICO, remembering that it is my opinion only.

[shinratensei_]

Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.

It can and there were so many examples that an ico used only little funds to create such a product. You can see that the old coin and they have been requiring little funds to develop a product. You can see that even the first DAG system didn't require anything and it has only created by a single developer and it didn't even need the team
.

[CaVO32]

Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.

It can and there were so many examples that an ico used only little funds to create such a product. You can see that the old coin and they have been requiring little funds to develop a product. You can see that even the first DAG system didn't require anything and it has only created by a single developer and it didn't even need the team
.

if the team is really sincere, legit, has the experience, has the guts, has the capability to deliver results - they don't need a lot of money to start with. they can build a product without so much money in it. most of the ICOs that want huge amount just want to pocket those money. they can always expand once their product is already rolling and successful. in fact, you can start from small.

[BQ]

That's the issue today/since start of the year - the sheer amount of money gone into projects that has no product, little to no capability to create the product they want, and finally there's very little reason for their product to exist. It's a great way to fund projects, and it's important in terms of the "decentralization" I guess (to get their crypto in circulation and distributed well), but plenty of actually good projects find funding elsewhere.

Of course, any company and any idea generally needs money, the more the better, but way too many projects in the crypto sphere has been given money for nothing!

[juli50]

It would be really hard I think, because they need to get listed in new exchanges and them cost a lot of money, also the team members work for cash, anyways, the airdrop coins manage to develop the coins with practically no budget, so icos should be able to do something, there are a lot of promising airdrop projects that started from nothing.

[Enzo05]

Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.

If ICO is running a crowdfunding it means that they need help of people to build their project more successful . Some of them already have a back up but still its o to secured the funds in terms team need big funds for entering in such big exchanges also to spend their funds in marketing .

[virtualinvestor770]

When I say the ICO and funds I'm referring to the development of a landing page and the important thing before the ICO starts? In addition is organically growing the crowdbase possible?

[cryptobrzy]

It is quite distasteful to know that some ICOs just ask for any amount off their head and ask investors to invest in such a project without a transparent record of how the money is going to be spent. ideally most of the money required for ICOs are going to be spent in the hiring of staff for the product development, necessary facilities renting/leasing and marketing.
I don't think basic Blockchain ICOs should require more than 10-15 million USD as a budget.

[ajiejot]

For me NO. There are many ICO started with very low budget, but success in the future. And their team is fully transparent and very active for developing their project. Quality ICO don't need huge hard cap or soft cap during ICO stage.

[virtualinvestor770]

How much would everyone say should be raised for the development of a crypto sports trading platform that is fully transparent. Individuals can trade shares of their favorite team with crypto and earn additional tokens when their team win and appreciate in value. This will be something completely new using block chain technology

[docamvan1997]

No successful ICO need no money. That's the most important condition. Sometimes the projects have some big investor who invest the projects before they start. And i believe that they will be successful ICOs.

[virtualinvestor770]

Is it possible for one person to create whitepaper, landing page, smart contract, market, and still have a successful ICO? After the ICO, the person would hire a team with the funds raised to launch the platform successful. Everything will be transparent. In addition, are advisors really needed? A lot of advisors only want money just to be listed on an ICO.

[posi]

Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.

an ico can also be successful without a budget,

its however more difficult to find and keep teammembers, and get certain tasks done as you cant hire a serviceman.

regards

You're about what you concerning keeping team members and hiring a service but you're not right about can be successful without a budget cause an ICO is a company and it something that involve two or more people. However, we are a digital world anything can happen in sense that the CEO may need to proof or show out the money spend and budget are also created in other to spend wisely
OP, min budget during the ICO is Ok to make an ICO successful if the team apply the right strategy.

[Ib2short]

For any ico to be successful, it requires a lot of capital and this varies according to the product the company is into. Some products require little capital while some require huge capital.

[virtualinvestor770]

Why are crappy companies that are spending nothing to develop their ICO raising so much money? Most of these crappy companies are not being transparent.

[ntarah langger]

funds are the main weapon of a project's success, unless you can invite many people to work for you free. promote the project that you will develop lol