Accepting multiple cryptocurrencies in ICO

[itrus]

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.

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[Ailmand]

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.

Actually it can, since some investors does hold only numbers of currency. So, having multiple currencies in an ICO would make it easier for investors to choose a currency they have or would like to use.

[codycorn]

DEVs are only responsible people who can say the exact amount of bought tokens and token count usually depends on contract lines. They  will provide different or unique address for receiving coins but the final decision is made by devs.

[Thanasis]

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.

For sure it will increase the ICO sale when compared to only ETH accepted ICO's.Yes it is going to make some job for the team but any cryptos worth money so they have to do some job if they want to raise more money.Not sure how they are going to track the investors but they might maintain their private sheet with address to pay the tokens if they are accepting more currencies.

[Amalker]

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.

Last I've remembered is GT tokens on Gateio exchange, which collect IEO in ETH, BTC, EOS, USDT, and even BNB and HT. They use Fusion-model, distributing according to the investment value.

[steveabrahams]

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.

Uh, i'm not sure about that. Investors usually don't really card about accepting more currencies or not, they usually use ETH and BTC to invest. So i think it's not affect the success of the ICO. For big investor no, but for small investors, i think it give a small effect to the ICO.

[lizarder]

In my opinion besides the manual there are also those who use the help of p2p exchange / some kind of contract to make automatic swaps of the ico tokens or coins purchased, because if manually for example their project gets hardcap it will definitely bother them

[bttmember]

The icos that accept multiple coins have ususally linked their respective wallets to receive deposits while the token distribution is usually managed through script which is visible in the shape of dashboard and investor's account or backoffice. I think of eth need to broaden their scope they should make codes to accept some of the other major coins to in eth based icos they just need to add relevant modules to the smart contract and i think it will help icos raise more money.

[qomariah95]

What is certain is the success of a project cannot be determined from the number of cryptocurrencies received. All that also depends on whether or not a project is good. Receiving with a particular currency is an alternative for people who want to invest. So it is impossible for a success project to only be seen from the currency received.

[shinratensei_]

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.

Not sure about that when they can convert all of those cryptos into the ethereum form. I guess it doesn't play a role in the success of ICO. the ico itself can decide whether they can get a lot of demand and funds from the investors or not.

[tabas]

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.

No. It's just their choice of what crypto to accept. I also see ICOs before that prefer to accept BNB.

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.

They give a certain address for each investor and those addresses for each coin they prefer to pay has unique address.

[rijaljun]

a project actually accept other crypto to make people comfortable to contribute on the tokensale with their most used coins. When the tokensale ends, the project team will convert their fund to Ethereum or Bitcoin or other stable coin to save their funds.

[Bitze]

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.

i can't understand why there are often only ETHs. at least the top crypto currencies should already be there.
and in my opinion even FIAT
this simplifies the investment for new users or people who don't want to change the existing portfolio.

[bgaf]

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.

Of course the ICO platform will be the one who will designed and deviced how their sales will work out. Some only chooses eth since their project is relies on the eth smart contract. This is also a good factor how projects can be examined. If an ICO accepts multiple currency meaning they are working beyond normal. Imagine not all people are fond of eth alone, some prefer btc and other coins. So better to pick all currencies to support running an ICO so youre chance to sell more with different investors.

[babarian]

investors usually hold only a few types of coins with large allocations, therefore accepting payments in several different types of tokens will make it easier for investors to directly buy tokens with the type of cryptocurrency they have. so the opportunity for investors to enter the project is huge.

[amrulshare]

I think that role is their strategy to facilitate investors and also in every crypto project that needs value. I think applying the payment option more than one cryptocurrency does not guarantee the success of their project, because the one that determines the success of the project is how they get the trust of each investor.

[Soberb]

I think that some projects have offered multiple currencies like ethereum, bitcoin, ripple, litecoin to be accepted as payment and it is as a means to attract as many investors by offering them multiple choices. But I do not think offering multiple choices makes the way for a project to get a success. It may attract a bit more investors though. But there are available the facility to convert coins into ethereum and bitcoin. So it would not be that much difficult for investors to convert and pay in ethereum or bitcoin.

[alt-fire]

Ofcourse, multiple currencyes is better because we have a separate ways to invest and do not need to convert money for purchasing - this is also benefit. Purchasing only in Eth, maybe comfortable only for ICO project, but not for investors.

[Mainframee]

It doesn't pay any role, the success is bases on the idea, marketing and team reputation in the space.

[bassbity]

ICO accepts a number of other altcoins just to make it easier in their payments but it is not from a success, if the team and developers are more serious then the project will run well.