Accepting multiple cryptocurrencies in ICO

[Baimovic]

What's the problem? ICO accept various cryptocurrencies to make it easier for investors to invest in this project.

Credit cards, Visa, Paypal accepting ICO also do not need ETH but most of them are ETH and Bitcoin that are often used.

yes, that Bitcoin and ETH are very good coins so that people will more easily accept them because storing ETH or Bitcoin is safer than losses and can even be profitable.

so most projects or new ICOs only accept coins that they think are worth saving, for example Bitcoin and ETH.

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[KrakenZ]

I am wondering some ICO's accept only ETH. Some accepts BTC, ETH, LTC and other cryptocurrencies as well. Does accepting more currencies in ICO plays a roles in its success.

Also Ethereum's smart contract are built for accepting only ETH. How other ICO's are accepting multiple cryptocurrencies and pays tokens accordingly? Do they have to maintain a sheet of who pays in what currencies in a sheet and allocate tokens accordingly. It seems to be a hard manual process.

In my opinion, accepting some crypto currencies in ICO is a good thing. If we can receive multiple crypto currencies then it is possible to get more investors. As an ICO development team, we must be open to all potential coins that will be invested in ICO in order to get investors and be able to reach the softcap and even reach the hardcap. If the ICO only receives one type of coin, it takes longer to get investors. Accepting multiple crypto currencies to be invested is one of good strategy.

[redsun114]

I am wondering some ICO's accept only ETH. Some accepts BTC, ETH, LTC and other cryptocurrencies as well. Does accepting more currencies in ICO plays a roles in its success.

Also Ethereum's smart contract are built for accepting only ETH. How other ICO's are accepting multiple cryptocurrencies and pays tokens accordingly? Do they have to maintain a sheet of who pays in what currencies in a sheet and allocate tokens accordingly. It seems to be a hard manual process.

Yes of course, a lot of persons don't like making use of ethereum and might not want to use it in making any purchase, I am talking out of experience because I am one of those persons.

I like to make use of bitcoin than ethereum for purchases via crypto, though some ICO companies write the token sale code in the smart contract which unfortunately accept only ethereum as the mode of payment for making purchase of instant token being sent to the wallet of the investor.

[WannaCry]

there are ICO's accepting multiple crypto-currencies because its also convenient to investors, they can select which currency they can pay.. and also ico's that under ethereum block-chain which accept multiple currencies probably they have wallets connected to exchange

[mcnocon2]

I am wondering some ICO's accept only ETH. Some accepts BTC, ETH, LTC and other cryptocurrencies as well. Does accepting more currencies in ICO plays a roles in its success.

Also Ethereum's smart contract are built for accepting only ETH. How other ICO's are accepting multiple cryptocurrencies and pays tokens accordingly? Do they have to maintain a sheet of who pays in what currencies in a sheet and allocate tokens accordingly. It seems to be a hard manual process.

Yes accepting more currencies on an ICO helps a project but not a lot. People will invest in the project if they see potential on it. However if they see that an ICO is accepting more than 100 currencies and it looks like shady and scammy then its useless. Investors will pick the ICO with a brighter future regardless of the currencies they are accepting in ICO.

[axel2078]

By allowing or accepting different cryptocurrencies during ICO, the team will offer investors the convinence of investing with the available coin. Also, about ETH wallet , it is not an issue as the team will also offer adequate wallets for other cryptocurrencies.

[rdewilde]

Before settiing out to accept multiple cryptocurrencies in ICO, the team must have done and keep all arrangements in place, so how the fund will be collected is not an issue.
Furthermore, accepting multiple cryptocurrencies during ICO will make it easy for investors to invest, as most are holders of BTC, ETH and so forth.