Accepting multiple cryptocurrencies in ICO

[Dobolen]

ICO can usually receive several digital assets, such as Ethereum, Bitcoin, LTC and more. But what many people invest in is Ethereum. Ethereum is a smart contract and until now almost all ICOs use the Ethereum platform.

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[TooDumbForBitcoin]

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.

It is not a problem for most people to buy accepting coin/token to participate in an ICO. The problem can rise if it will crashes when you did not take part in an ICO.

[Dpat]

Accepting of multiple crypto on the ICO is a good strategy for the company to pool the funds a little higher. Another merit is that some altcoins payments are also very less fees of the transactions. While you are paying with Dogecoin you must see how less fees you have paid, that is only 5 or 10 Dogecoin.

[Jpti]

I think there is no point in offering the service of allowing traders to purchase tokens in multiple currencies like ethereum, bitcoin, litecoin, ripple. As any coins can easily be converted into ethereum and bitcoin, traders can do so without any hassle. But it is up to owners of a project to make their own rule. Most of the projects accept either ethereum or bitcoin in payment so far. I think good project will grow over time. There is no need to put extra makeup.

[The Cryptovator]

I don't think accept multiple currency keep any role regarding success of ICO's. ICO success depend on team and concepts.  Whoever accepting only ETH they are distributing token by directly from smart contract. They wrote smart contract accordingly. Whoever accepting multiple currency they are using third party API or their own wallet. This is not big deal and there is no need much extra work. They just made a script for that. Script will do everything automatically.

[Mikcik]

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 know a lot of ICOs based on the ETH blockchain platform, but they still accept other types of coins like BTC and EOS. For ICO, I think the project team only wants to receive large popular coins, it can help them avoid unnecessary mistakes.

[dimastegar]

All returned to the project developer. They can only accept one or more crypto currency, depending on the circumstances. And I'm sure crypto developers will not choose the safest route with smart contract.

[Levyathan]

Accepting multiple cryptocurrencies in the ICO is such an efficient way for ICO to make an easier progress of the ICO for the users. But, most of the ICOs were not very popular these days.

[r_delossa]

I does not mean anything which type of crypto currencies is accepted by a token sale. Maybe it will help to collect more funds, because BTC investors would not need to swap their BTC into ETH to take part in the token sale, but in my opinion it does not matter.

[evenotto]

I like the concept of several cryptocurrencies for accepting investments - so you are not limited to one\two coin, for example ETH or BTC, but if for example you are a supporter of monero - why not use them if you can?)

[MrPiggles]

ICO can usually receive several digital assets, such as Ethereum, Bitcoin, LTC and more. But what many people invest in is Ethereum. Ethereum is a smart contract and until now almost all ICOs use the Ethereum platform.

Ethereum is always used by ICO projects because most of the coins use ETH's smart contract to develop. I think because of this, many scam projects have made a lot of money from investors because creating a contract is really easy and you can easily deceive others if you have knowledge but time Recently, this is almost over because the trend of investing in IEO is increasing, making these scammers unable to make money anymore.

[alexsandria]

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 order to make their platform diversified, they will also need to make their investment tool diverse in such a way that, different investors that prefer different cryptocurrency can have much flexibility to invest on their platform. In that case, reaching their softcap and even hardcap would be even more possible. Still, I guess in the end they will convert it in a single currency.

[harrypotpot]

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.

Would the acceptance of multiple crypto in ICO be good? Because what I can see, price might be different of these each crypto. Their ratios might not be a hundred percent accurate. In that case, there should be a single cryptocurrency that is universally used in order to make the investments stable and to avoid discrepancies.

[DeepChipolino]

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 order to make their platform diversified, they will also need to make their investment tool diverse in such a way that, different investors that prefer different cryptocurrency can have much flexibility to invest on their platform. In that case, reaching their softcap and even hardcap would be even more possible. Still, I guess in the end they will convert it in a single currency.

...and in most cases it is a dollar. Then, these funds are used to buy lambo, yachts, crypto hot stuff and other necessary arsenals for developing their project like “property on the blockchain” or “diamond mining and distribution using the blockchain”.

[fosco333]

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.

Accepting multiple currencies in ICO won't guarantee success in raising funds.
Even if a really good ICO only accepting single cryptocurrency like ETH, it will sold out in short time during main sale.

[Adriano2010]

Indeed accepting more crypto on ICO can be a good solution and more people maybe will join ICO, but now is not like on past when a lot of people join ICOs.

[VieleSind]

I think number of cryptocurrencies accepted doesn't affect to quality of ICO project. There are so many ICO projects which only accepted BTC or ETH only but they were very successful and tons of ICO projects which accepted multi cryptocurrencies but still failed. For now, no matter how many cryptocurrencies accepted but ICO is not a good investment anymore cause all investors are paying attention to IEO.

[aioc]

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.

It can help the ICO to reach the soft cap at least and it's a good idea actually but only a few like to implement this idea maybe because they want to simplify things they can easily calculate the crowdfunding if they accept the top two coins in the market only and they knew that majority of investors and traders had the top two coins in the market.

[craslovell]

I think this is more an issue of ease of investment. Some people may be holding ERC20 token they're ready to let go of. In that case it would be more convenient for these potential investors to simply send those tokens to purchase from the ICO as opposed to having to convert them to ETH first. Accepting multiple currencies for funding just broadens the funding base.

Future success is dictated by results.

[GregH37]

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.

What is the need of accepting more cryptocurrency when the ones that are more reliable will do the job? These 3 coins you mentioned are still the only most reliable coin in the market for now that any project developer or merchant will focus more on.

Some projects don’t even trust their fellow developers as regard their coin, because if they do like they trust these 3 coins, there is nothing really stopping them from accepting multiple crypto currencies, my own is for them to just make decisions that will simplify the process for end users of investors, whatever will make investors comfortable and safe is what they should be after.