Should ICO have Advisors compulsorily?

[jBrady]

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

[tabas]

Check that advisors reputation, if he's known for supporting successful projects before, you might consider him.

[jBrady]

Also many new Startups are finding it difficult to get Advisors. Many struggle where to look for. So many are going without Advisors.

I don't judge a project based on advisors. Still don't know if it is important to have them and others will judge that project based on having Advisors?

[demenBTC]

yes, advisors have an important role in selling ico as controllers of token marketing, advisors with a good reputation will influence investor interest

[Cemploon]

If the project is real, I think they must have an advisor. The ICO must now be better than 2019 which has many ICO frauds. It is better to be careful before making a choice and does not rush to join the ICO project.

[Nadziratel]

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

Sometimes these consultants can be very effective, but sometimes they don't. For example, Roger VER is currently Azbit's Advisor, but it has almost never been effective.

[Korkorjkk]

There are some people who invest in a project based on the advisors, but that is not what I consider before investing in a project. I consider the idea behind the project and how far the developers have gone with the project before I invest in it.

[Dayan1]

Most of the project out there are just for show, putting faces of a reputable advisor but not for real. Yes advisor can be sign for a good project but make sure both part have the deal. Maybe you should contact that person and verified if he/she real advisor of that certain project.

[vv181]

~ Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

Hell no, Advisor team isn't the significant factor, there is a more important factor when analyzing and researching. We can't blindly depend on it only because the project simply has a reputable advisor without considering another significant role like the core of projects, what is the project trying to solve.

In other hands, when it comes to a necessity an advisor. It could come up with a foreseeable influence. Since the role is one of the pillars that support the project, I don't mean it the strong pillar but more to like a supporting role.

[Viceroy]

I think that the ICO should have advisors, but It's not necessary. Good advisors are a great addition to the project.

[joinfree]

I think having advisors depends on the project and its team members but in my humble opinion i know that having advisors is helpful because advisors are people who have been in the cryptospace for quite sometime now and have gained in-depth experience about how to promote ICOs and also how to seek partnerships and strategic investors to invest into the project.

[TimeTeller]

There are some people who invest in a project based on the advisors, but that is not what I consider before investing in a project. I consider the idea behind the project and how far the developers have gone with the project before I invest in it.

This would be more valid reason why you invest in a particular project.
Most of the ICO Advisors are just being paid by the dev team and most of the time, they really don't know them personally.
They just contacted him via social media channels because they have seen his profile somewhere.
Very rare that an Advisor has real business with the team other than receiving their pay check and being the face of the project.
So for me, having an ICO Advisor is not compulsory but if that person can genuinely help the project advance their developments, why not?

[mrdeposit]

Check that advisors reputation, if he's known for supporting successful projects before, you might consider him.

Already many projects specify such advisors on the site. But, I do not think it is necessary. It does not work and clearly seen by all of us. It is wise to further develop your project with the money allocated to them.

[Chomsy]

It's good for ICOs to have advisors. The advisor should be one with a very good reputation and reliable too. Not just any random individual.

[harrypotpot]

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

Yes basically, projects new on crypto doesn't have the experience that they need in order to fill in the gaps that will suffice the need of the market, and cryptocurrecy advisors are needed in order to supply the team with updates and news, what to do and avoid in launching the project.

[wuvdoll]

It depends on the adviser, I mean if you are going to have a decent adviser team than yeah it would be amazing but if you are going to just fill it in with your friends than whats the point ?

So, check out the advisers and search their names on google, most of the time it will show their linkedin page which should be what you are looking for, after that just check where they have worked so far and at what position, if that satisfies you than it means the advisers were needed because it gave a plus but if you can't even find them or found them but didn't find it impressive than it was totally unnecessary.

Those are small things that help the ICO reach to a level but its so tiny that unless you have like Erik Vorhees on your advisers list than you don't have to share it.

[jubilarian]

In my opinion, advisor team is one of the terms to rate any ICOs. If the project has a strong advisor who is an influencer in crypto/ blockchain industry , it can attract more investors.

[pinoycash]

In year 2017 and Early 2018 all ICO projects that been advise by mcafee has taken ICO market by storm and most of them are successful in their ICO fund raising.

But if you were to check where are they now, You will be surprise that those projects ends up a disaster after the ICO sale.

Advisors are just another picture in the team page, i highly doubt that these advisors can make or break an ICO project.

[Little Mouse]

What does an Advisor do? What's the role of him? When you come to know this question's answer, you will realize how much important advisor is for making a successful project.

[Mmesooma1]

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

I don't see it as compulsory. It can be a forgone alternative because its an area that can be handled if the team has robust knowledge and ample experience on the field. Or better still, one or two advisors are okay to minimise recurrent expenditure