Accepting multiple cryptocurrencies in ICO

[MRlong]

Accept 1 or more than 1 cryptocurrency as payment in ICO do not help an ICO project succeed. It's just a kind of attract cause there are so many guys are not holding BTC so it's a little bit complicated for them to invest in ICO project which only accept BTC as payment, it'll be much better if these ICO projects accept multi cryptocurrencies but you should know that if it's a good ICO project no matter if it only accept BTC or multi cryptocurrencies, investors will try their best to invest in these ICO projects asap.

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[Bitcoin Smith]

Multiple cryptos on ICO sale might slightly increase the chances of getting more funds but most projects only accepts the best cryptos because they will find difficulties if they accept shot coins while cashing out.

[restuibu]

in my opinion it will not affect the success of ico, proof is that there are many ico that only use ETH and bitcoin as payments can be a big success, ico investment doesn't see a lot of currencies but sees product

[Jericka D Ranillo]

Accepted payments for token sale should be limited, all coins are competitive so they just need to use which is the top Currency such as eth and btc how they accept others. They have own coin to promote. And how could they accept multiple coin if it just a problem to use in transaction. They just need few but large in quantity

[Ifychuks]

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. There should be a programming to place who pays with whichever currency accordingly. It's much better to state payment in different currencies and not just Eth.

Accepted payments for token sale should be limited, all coins are competitive so they just need to use which is the top Currency such as eth and btc how they accept others. They have own coin to promote. And how could they accept multiple coin if it just a problem to use in transaction. They just need few but large in quantity

How do you mean they need few but large in quantity? That's kinda confusing.

[BitcoinPanther]

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.

This kind of ICO that accepts multiple currency targets all audiences.  It gives a better impact than just accepting one currency since investors have different coins or tokens in their hands.  The transaction is done automatically, I sure they program a script to records  all transactions and calculate them.  Within the platform where people paid, they have a built in wallet and investors need to setup an account.  In that platform the token is distributed depending on how much they bought.

[JCviggen]

Accepted payments for token sale should be limited, all coins are competitive so they just need to use which is the top Currency such as eth and btc how they accept others. They have own coin to promote. And how could they accept multiple coin if it just a problem to use in transaction. They just need few but large in quantity

The project simply chooses the most stable coin, in their opinion, which will not be very volatile and they can safely use this money for development.

[feryjhie]

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.

because there is a form for the investor to fill like how many coins they want to invest
and after the ICO ended the dev will create a transaction to send the tokens for everyone investor that invest using another cryptocurrency

[avonka]

ICOs are collecting funds in multiple currencies and on that way they can get more funds. It is a good thing as investors are holders of different currencies. It is only and administrative thing and has not much with the success of the project.

[Cheesus]

Accepting multiple currencies in ICO/STO projects are a very good method to catch more investors. Once I have seen many ICO did not has a fiat investment system, but some investors like to invest through Fiat! So, by implementing major currencies with fiat money, ICO projects can acquire more money in a short time. And, maybe the dev sends manually the ICO token to the other currency or fiat investors!

[patz22]

I don't see any correlation of accepting multiple crypto with the success of any project and what I can only see is of course it may give them a lot of work with calculations and other stuffs but of course all of these are automated. Op, I really dont see your point here because the success depends on the support of its community and also with the devs thats it.

[Kasabus]

ICOs are collecting funds in multiple currencies and on that way they can get more funds. It is a good thing as investors are holders of different currencies. It is only and administrative thing and has not much with the success of the project.

Actually even if they accept only one currency as long as they are legit and good project, they will still raise a good amount of money.
I've seen in the past that only accept ETH as an investment but project was sold out.
Maybe this time they are desperate to raise that's why they give more options, the market has no fully change and IEO is the new trend now.

[SistaFista]

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.

Some ICO accepting other cryptocurrency than ETH, such Bitcoin, even fiat currency.
Usually they will using dashboard in their platform, so you must register first before contributing.
And they will create some cryptocurrency wallet in your dashboard account to receive other currency like btc, ltc, trx, etc.

[greenclub09]

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.

Some ICO accepting other cryptocurrency than ETH, such Bitcoin, even fiat currency.
Usually they will using dashboard in their platform, so you must register first before contributing.
And they will create some cryptocurrency wallet in your dashboard account to receive other currency like btc, ltc, trx, etc.

Yes, it is depends on the ICOs you are working with, like many ICOs today are using ERC20 of ETH platform, and because ETH is most popular and most useful for ICOs project, so we easily see it is used to buy ICOs token more than normal, and more cases shown that, a big ICO will also use not just ETH but also many cryptos like BTC and Fiat to buy sell tokens, by this way, we can easily use our money quickly than just trasfer to BTC or ETH or some other altcoins, after all ,ETH and BTC is still the most famous cryptos in the world.

[sana54210]

ICOs are collecting funds in multiple currencies and on that way they can get more funds. It is a good thing as investors are holders of different currencies. It is only and administrative thing and has not much with the success of the project.

Actually even if they accept only one currency as long as they are legit and good project, they will still raise a good amount of money.
I've seen in the past that only accept ETH as an investment but project was sold out.
Maybe this time they are desperate to raise that's why they give more options, the market has no fully change and IEO is the new trend now.

I really want to accept that it is desperation that is just making them push for more currencies which does not make sense because they are indirectly encouraging the investors to dump other cryptos for them.

It is not all currency that one can get directly through fiat, most of them are still through ethereum or BTC, so why demand for other currency when they can simply work with juts BTC and Ether, if not them using tactic to encourage them to transfer other coins holding to them and them dumping it to change to fiat since they have no use for them, so I don’t see how this can benefit investors at all.

[Viceroy]

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

[okala]

The success of any ICO is on the team behind it and also how easy investors are able to access payment methods, accepting multiple currencies not just cryptocurrency but also other forms of payment such as cash deposits give more room to potential investors to access the ICO easily and fast. This also increase the crowd founding which allow for large sale and team being able to achieve hard cap at the end of ICO.

[MakeMoneyBtc]

An ICO that accepts multiple cryptocurrencies as a payment method to buy their tokens will surely get more attention from people because everyone has different currencies available in their wallets. I have also noticed that some ICOs started accepting fiat payments, using a debit card. Still, this doesn't mean the project will be successful only because they have more attention from people and more sales because that's not what determines their rate of success.

[Tipstar]

Accepting more number of currencies do support in getting larger number and amount of investment rather than supporting few as investors are reluctant to exchange the coins they hold everytime they invest in an ICO.
As for why some ICOs use only ETH is mostly due to the smart contract they work on. Ethereum is integrated tool of smart contract.

[terrorJR]

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.