A few questions about a possible DeFI project.

[Becryptic]

While I am pretty new to the crypto space. However I have experience in a specific technology sector and I am interested in possibly starting a DeFi project to invest in the sector. The coins would be initially promoted to others in the sector to hopefully start with a base of owners with experience in the sector.

I know that ICOs are generally considered securities by the SEC. However, can companies use crowdfunding to fund a project and get to an ICO if one of the rewards of the initial crowdfunding is coin? If this is allowed, what are some of the best platforms for raising funds for such a project?

[1715556797]

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[1715556797]

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[Twinkledoe]

Please don't think of adding one more crap DeFi token in the market. From my impression, you will just try to raise funds for a project that will not materialize. If you don't have strong background and team members that can help you, I don't think starting a new DeFi project will be good for the interest of the community. Just being frank here.

[Becryptic]

I do have a strong background in the industry in question. We are in the process of putting the team together for some parts of the project. However, I am new to the crypto space.

[amishmanish]

Some existing projects offer "grants" if you use their blockchain rather than directly using Ethereum. Cosmos and Polkadot are two blockchains that have such a grant setup. You can find more on their information channels.

Also, Yearn is the strongest player in DeFi space. They too have a grant system. Again, Google is your friend.

ICOS are mostly a thing of past now. The newer trend is asking exchanges like Binance, OKex etc to support your project. The exchange then sets up an IEO on their own platform.

[robelneo]

While I am pretty new to the crypto space. However I have experience in a specific technology sector and I am interested in possibly starting a DeFi project to invest in the sector. The coins would be initially promoted to others in the sector to hopefully start with a base of owners with experience in the sector.

I know that ICOs are generally considered securities by the SEC. However, can companies use crowdfunding to fund a project and get to an ICO if one of the rewards of the initial crowdfunding is coin? If this is allowed, what are some of the best platforms for raising funds for such a project?

It has been done a hundred times before and it end up the same which is failure,everyone is attracted to crowdfunding for a certain industry when there are already thousands of coins that can be use and not creating a new one, since you mentioned that you are in Crypto space I highly advice that you grow first in the understanding how this industry work  and moderate your greed of creating new coin to sell millions and make millions of dollars.

[pooya87]

ICOS are mostly a thing of past now. The newer trend is asking exchanges like Binance, OKex etc to support your project. The exchange then sets up an IEO on their own platform.

it is not a new trend, it is just a new name because it is doing pretty much the same exact thing but instead of having to advertise the fundraising yourself you'll have to pay a lot of money to an exchange to advertise it for you while they fail all the same.

[joniboini]

However, I am new to the crypto space.

Then you should research again how many DeFi projects out there. What kind of thing you're trying to build? Lending protocol? There's dozen of them. Yield platform? Pretty sure there are more than 10 of them. What else?

If you don't have anything unique and useful, pretty sure your project will fail (unless people are dumb enough to believe it).

[Taskford]

While I am pretty new to the crypto space. However I have experience in a specific technology sector and I am interested in possibly starting a DeFi project to invest in the sector. The coins would be initially promoted to others in the sector to hopefully start with a base of owners with experience in the sector.

I know that ICOs are generally considered securities by the SEC. However, can companies use crowdfunding to fund a project and get to an ICO if one of the rewards of the initial crowdfunding is coin? If this is allowed, what are some of the best platforms for raising funds for such a project?

I'm annoyed on many sector word 

Simple question do you have a budget to conduct a several promotions here? since you need a huge fundings to support your needs since you need to market your project in different advertising platforms and if you don't have any in the pocket and just rely on what you will possibly get in the crowdfund then you will not get any future on this and that will make you shady.

Also transparency is the most important thing here so provide all necessary information needed if you pursue your plans.

[Becryptic]

thank you for all of the encouraging words about our project. Now I am certain I am on the right path. Just kidding.

I get that there have been a number of scams and many poor attempts with DeFi. I don't know if my idea is unique enough. We intend to have true decentralized decision making in terms of which companies in the sector to fund. However, the current intent is to have curators select which companies would be voted on.

This is really to prevent owners from being scammed. Without this, one problem could be a big pocket owner promoting scam companies for investment and then draining the funds once they are committed to the scam companies.

Instead of DeFi we could also simply create a fund like Andra Capital to invest in the sector. I like the idea of tapping the wisdom of the crowd in making the investments - particularly if we get a lot of participants from the sector.

[crwth]

Instead of DeFi we could also simply create a fund like Andra Capital to invest in the sector. I like the idea of tapping the wisdom of the crowd in making the investments - particularly if we get a lot of participants from the sector.

I'm not sure if this is the Andra Capital that you are talking about but it seems it's not that active anymore. Their most recent post was 6 months ago. It has nothing to do with you, though, but you could do something like this. Anyways, I'm pretty sure that you could convince the members here that if your project is excellent, there would be funding for you.

P.S. Andra Capital is still a coin though, Silicon Valley Coin. Technically an entity with new names attached to it. Just like what pooya87 said.

[Becryptic]

That is the Andra Capita. Also see adnracapital.com. Whether we decide to go with a DeFi structure or something more like Andra, one appeal to owners would be the ability to enter and exit via coin without having to wait the traditional length of time required for most VC funds.

And while it might only be possible to offer it to accredited investors, ideally it would be available to anyone. I like the idea of providing access to this type of investment to people who are not already wealthy. However, we would also have concerns about unsophisticated investors placing "bets" on investments they don't understand or risking too much on such investments.

[Zemomtum]

I do have a strong background in the industry in question. We are in the process of putting the team together for some parts of the project. However, I am new to the crypto space.

When you don't have a domain experience and you want to venture into it, it seems like a failure from the beginning. More so, you don't have a reliable team that the donor can have a background check in they will not disappoint and have the desire experience to succeed. Hope you don't just want to release another shit coin into this space?

[Big-Dude]

Unless hiring an Advisor to help you out reach your crypto project goals!

Feel free to message me for Advises and tips!
https://icoholder.com/en/people/zied-chaabane-107372

[ICOchamps]

bro, free internet forums are not the best place to get business advice.