I have a "IDEA" and want Fundraising from ICO. Need advice[Read more]

[Dreamer!]

*Please read ful. I really need some advice.

Hello forum members.
I have an idea to start a new startup. I can't elaborate my idea as of now but it would be something related to Investment scheme where Investors would only have profit per week. I almost spent a month elaborating my idea and converting it into a business model. I have also spent much of my time in studying about starting an ICO phase for fundraising to develop my firm and make it globally expanded. Technically speaking, none of the centralised firms would loan me the amount to start a startup without any collateral. And also I've tried to make investors have profit by just transacting with the token(Which would be created for my startup). Now, I can't give any much detailed information about it so it would get a bit difficult to understand. I want to know "Can i launch a ICO to launch the Industry and make the token holders beneficial in plenty ways?" I would proceed legally with all paper works done but i don't know where to start. Also, I've read that a "Team" is required to launch an ICO which I don't have yet. This is a single man operation so what can i do in such situation? I am rarely exposed to the blockchain network so i need genuine advices so that i can exactly know what to do. I would really be thankful to those who can spend some time answering me.
Thankyou.

*Is this the right section to post this? If not please anyone can guide me where can i move this thread?

*Also please let me know if it is anything wrong. I don't want to break any forum rules & regulations.

[Dreamer!]

"Investment scheme where Investors would only have profit per week"

This does not mean any Ponzi Scheme. Believe me, i have no cruel intentions and want some advice whether should i proceed or not.
Investors would have profit for just holding the token and investing those tokens to make them have profits in Fiat or BTC.

[mk4]

"Investment scheme where Investors would only have profit per week"

This does not mean any Ponzi Scheme. Believe me, i have no cruel intentions and want some advice whether should i proceed or not.
Investors would have profit for just holding the token and investing those tokens to make them have profits in Fiat or BTC.

Then think about it yourself. Where's the money going to come from? You can't simply just magically generate fiat or BTC out of nowhere to pay your holders just by them holding your token.

And yes. You technically can launch an ICO and gain traction if your project is actually feasible and if it makes sense, but that's a huge IF.

[coin-investor]

*Please read ful. I really need some advice.

Hello forum members.
I have an idea to start a new startup. I can't elaborate my idea as of now but it would be something related to Investment scheme where Investors would only have profit per week. I almost spent a month elaborating my idea and converting it into a business model. I have also spent much of my time in studying about starting an ICO phase for fundraising to develop my firm and make it globally expanded. Technically speaking, none of the centralised firms would loan me the amount to start a startup without any collateral. And also I've tried to make investors have profit by just transacting with the token(Which would be created for my startup). Now, I can't give any much detailed information about it so it would get a bit difficult to understand. I want to know "Can i launch a ICO to launch the Industry and make the token holders beneficial in plenty ways?" I would proceed legally with all paper works done but i don't know where to start. Also, I've read that a "Team" is required to launch an ICO which I don't have yet. This is a single man operation so what can i do in such situation? I am rarely exposed to the blockchain network so i need genuine advices so that i can exactly know what to do. I would really be thankful to those who can spend some time answering me.
Thankyou.

*Is this the right section to post this? If not please anyone can guide me where can i move this thread?

*Also please let me know if it is anything wrong. I don't want to break any forum rules & regulations.

For heaven's sake please don't do it, have mercy to this industry which has been plagued by similar concept just like what you're thinking, it's sound like a Bitconnect to me when you say that holders will make a profit by just holding the token from a make-believe business model,
if you are not a technical person without an outstanding business experience don't proceed.

I am rarely exposed to the blockchain network so i need genuine advices so that i can exactly know what to do. I would really be thankful to those who can spend some time answering me.
Thankyou.

This is our problem people launching ICO without comprehensive knowledge about the blockchain network.

[BITDV]

"Investment scheme where Investors would only have profit per week"

This does not mean any Ponzi Scheme. Believe me, i have no cruel intentions and want some advice whether should i proceed or not.
Investors would have profit for just holding the token and investing those tokens to make them have profits in Fiat or BTC.

If it's not  hyip or ponzi scheme, so it will be stake, loan business or exchange services.

you said : "I've tried to make investors have profit by just transacting with the token(Which would be created for my startup)"

there's blockchain using this mechanism called as proof of transaction, so every time users send coin they will have a coin back (let say cashback for easy to understand).

How about launch ICO? yes sure, you can run your own ICO for your business. But before you run ICO/IEO, this is little advice for you

1.  it's better for you to implement your idea into real software first, and make sure your business have lot of demand. Good software or good business idea is useless without lot of demand.

2. Base capital, you need base capital to run your own business and without using peoples money. At first stage you don't have peoples money, at the second stage you owe peoplesmoney.

3. Maybe you dont have deep knowledge (it's not major problem), but your team must have deep knowlede with blockchain. And sure your team must loyal to you, time to time you need learn blockchain

[mrvuit]

Currently ICO is no longer interested too much, but if your project is good, your project creates value for investors, then it does not matter. (You can refer to the IEO, it seems better than the current ICO.)

You need to find some experienced people on the blockchain, and discuss your ideas. You also need to find out if your idea is suitable for the blockchain network.

[NeuroticFish]

With the info you provide no one would know if you ask the money for a real legit business or will just leave with the money and the investors will have worthless tokens.
Also, the fact that you didn't invest a penny from your own pocket, only time, tells that you are not as confident in the project as you'd like us to believe.
You said that nobody would loan you money. Hard to believe that you cannot get any kind of loan, this would mean that you have no job, no money put aside and also no home to mortgage. And this would put you in even worse light.

[GreatArkansas]

"Investment scheme where Investors would only have profit per week"

This does not mean any Ponzi Scheme. Believe me, i have no cruel intentions and want some advice whether should i proceed or not.
Investors would have profit for just holding the token and investing those tokens to make them have profits in Fiat or BTC.

If it's not  hyip or ponzi scheme, so it will be stake, loan business or exchange services.

As long as they don't promise big returns or easy money for their investors, it will be never a HYIP and also once they clarify their work or where the money of investors will go and where your startup will get some money to become profits of every investor.

"Can i launch a ICO to launch the Industry and make the token holders beneficial in plenty ways?"

You can do it anytime, but how will you do it? And how you will explain your business with every your investors?
Those things you should consider first, like how you will convince your investors with your idea of your new startup.

[avikz]

*Please read ful. I really need some advice.

Hello forum members.
I have an idea to start a new startup. I can't elaborate my idea as of now but it would be something related to Investment scheme where Investors would only have profit per week. I almost spent a month elaborating my idea and converting it into a business model. I have also spent much of my time in studying about starting an ICO phase for fundraising to develop my firm and make it globally expanded. Technically speaking, none of the centralised firms would loan me the amount to start a startup without any collateral. And also I've tried to make investors have profit by just transacting with the token(Which would be created for my startup). Now, I can't give any much detailed information about it so it would get a bit difficult to understand. I want to know "Can i launch a ICO to launch the Industry and make the token holders beneficial in plenty ways?" I would proceed legally with all paper works done but i don't know where to start. Also, I've read that a "Team" is required to launch an ICO which I don't have yet. This is a single man operation so what can i do in such situation? I am rarely exposed to the blockchain network so i need genuine advices so that i can exactly know what to do. I would really be thankful to those who can spend some time answering me.
Thankyou.

*Is this the right section to post this? If not please anyone can guide me where can i move this thread?

*Also please let me know if it is anything wrong. I don't want to break any forum rules & regulations.

So essentially you want to start an investment company where investors will receive a certain percentage of profit every week!! We call it ponzi/high yield investment program. The market is flooded with such programs where newbie investors are continuously loosing money. So don't start another one!!

Also ICO market is already stagnant and companies are moving towards IEO regime now. Frankly, we don't really need another token for whatsoever reasons! We already have more tokens than the requirements!

I am not trying to demotivate you but why do you want to jump in an already stagnant and highly populated market??

[Red-Apple]

my advice, don't do ICO. if your idea is really good and have confidence in it then you don't need to raise funds to release a useless token. just go into the real world and find real people with real money to invest in your idea. that way you can also be legally bound to return something, a product or service,... and you can't just take the money and become lazy like all the other ICOs that existed so far.
additionally your project wouldn't turn into a crap coin right away just because you sullied your name with an ICO fund raising.

[bitmover]

Then think about it yourself. Where's the money going to come from? You can't simply just magically generate fiat or BTC out of nowhere to pay your holders just by them holding your token.

People think that crypto = Making money out of nowhere.

This guy must be thinking that mining is just generating thousands of bitcoins out of nowhere. That a pos time. Just magically makes money . And this industry is already full of these people.

Mining is not making money out of nowhere. Mining is a service. People demand miners. Who demand? People who use BTC.

A token model like op suggested, to make profit per week would need a profitable company behind, selling goods or services which are demanded by customers.

[sana54210]

If you think you have a project that deserve attention of people, then the best way to go about it is to raise fund for it through ICO, although ICO is a little much more difficult now, but if you continue to push, you could be successful with it, but before you can go for ICO, you must surely go by the rule of ICO then,.

Rule in the essence that you have to proof how genuine you are by strictly following the demands of people to pay attention to ICO, and one of them would be your team, you have to just work with a team because no man will trust and individual system, they will need to run some check on your team background and then ensure they are who they says they are and that together with you, you guys can drive the project o an optimum height.

[K4C]

All existing big projects started with an idea before they grew to be what they are today, if you think you have a good idea and have a way to monetize it for your investors, I think you should go ahead and launch it, although from your brief explanation, it sounds like it would be a security token and this would be much more hard to raise funds because of regulations.