Launching a new cryptocurrency in the field of aircraft manufacturing

[M.r.zeidabadi]

Hello
In this topic, I want to introduce our startup and also know your opinion about this idea.
This startup was created with the idea of ​​building an airplane for the general public.
So we formed our design team and designed the ideal model with low production costs and high safety. In this design, flight comfort for the pilot is well considered.
In order to finance this startup, we intend to launch an ico. In this topic, we are going to introduce this startup, so I want to know your opinion about this idea?
Also our team needs a new member in the field of cryptocurrency
Also, I would be thankful to know your experience in setting up ico

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[StormHawk]

Sorry to say but this use case is not necessary in crypto space today, even if your project gets some attention very soon it will fade away real quick, there are few crypto projects that are into flight utilities, using the token to pay for flights which is still better compare to yours.

[passwordnow]

Hello
In this topic, I want to introduce our startup and also know your opinion about this idea.
This startup was created with the idea of ​​building an airplane for the general public.
So we formed our design team and designed the ideal model with low production costs and high safety. In this design, flight comfort for the pilot is well considered.

Is it that you're compromising the safety of a plane if you're just going with a low cost production? I think being in aircraft business is one of the most expensive cost in manufacturing and if you're saying that there's a way about low cost yet high safe in standard, you should give the idea on how that works. It is because we're not all experts and fond of the knowledge about aircraft business and manufacturing.

In order to finance this startup, we intend to launch an ico. In this topic, we are going to introduce this startup, so I want to know your opinion about this idea?
Also our team needs a new member in the field of cryptocurrency
Also, I would be thankful to know your experience in setting up ico

I don't think you need an ICO but you need a series funding if you really are going to work on this project.

[btcltcdigger]

Hello
In this topic, I want to introduce our startup and also know your opinion about this idea.
This startup was created with the idea of ​​building an airplane for the general public.
So we formed our design team and designed the ideal model with low production costs and high safety. In this design, flight comfort for the pilot is well considered.
In order to finance this startup, we intend to launch an ico. In this topic, we are going to introduce this startup, so I want to know your opinion about this idea?
Also our team needs a new member in the field of cryptocurrency
Also, I would be thankful to know your experience in setting up ico

I don't see how a startup will compete with giants like Boeing and Airbus, but A for effort.
It would have to be a significant raise, because just 1 plane is in the ballpark of 100m+

[Mr.andache]

Sorry to say but this use case is not necessary in crypto space today, even if your project gets some attention very soon it will fade away real quick, there are few crypto projects that are into flight utilities, using the token to pay for flights which is still better compare to yours.

Hi tank you for answering. We are going to build the aircraft and make this available for all people to own their airplane to use for travel and enjoying. I think the dream of fly and become pilot is the most popular dream for every body.

[avikz]

Hello
In this topic, I want to introduce our startup and also know your opinion about this idea.
This startup was created with the idea of ​​building an airplane for the general public.
So we formed our design team and designed the ideal model with low production costs and high safety. In this design, flight comfort for the pilot is well considered.
In order to finance this startup, we intend to launch an ico. In this topic, we are going to introduce this startup, so I want to know your opinion about this idea?
Also our team needs a new member in the field of cryptocurrency
Also, I would be thankful to know your experience in setting up ico

Please don't take ICO route for two reasons. First, ICO is dead. People don't prefer to buy coins from ICO anymore so the chance is very high that your coins will remains unsold. Secondly, the use case is not something to interest a common people. If you are building an aircraft, your target customers will be the wealthiest 5% of the world, not a common people. Also in this field, the competition is huge where we already have big companies like Airbus, Boeing, Dassault etc. which years and years of experience. So it's very unlikely for your startup to remain in business due to such steep competition. So the chance of failure is quite high. Personally I wouldn't invest on your idea.

If you have planned to set up an ecommerce store, that would have been a different story. I think you better go to angel investors or VCs. ICO wouldn't help you at all.   

[Mpamaegbu]

Please don't take ICO route for two reasons. First, ICO is dead. People don't prefer to buy coins from ICO anymore so the chance is very high that your coins will remains unsold.

Thank you! I was about to make that observation too. I won't touch any project that goes into an ICO, no matter how promising that project may seem. I've been bitten and beaten by ICO scams that I dread them like leprosy. OP, it would be much in your favour if you took your project to IDO and find a reputable launchpad for it.

Secondly, the use case is not something to interest a common people.  

You can't be too sure of that. Any new finding or invention will always interest minds that are curious. I've bought into a project that's into crude oil accounting. One would also wonder what use case that project has. But it has. And I see that project doing well.

[DapanasFruit]

I am suggesting that you look to the general aviation industry and find out things that need improvement and from there come up with innovations that people can use and can benefit the whole industry. Building an airplane can be a type of a dreamy idea but if I am located somewhere else what benefit will that bring to me? In other words, the appeal of the project is too narrow and there are so many technological aspects of the project that you have to go through and you need to bring true experts for that...otherwise the project will just stall somewhere and will not take off, so to speak. Use that desire to come up with a solid project with desirable use-cases.

[Coin_trader]

Hello
In this topic, I want to introduce our startup and also know your opinion about this idea.
This startup was created with the idea of ​​building an airplane for the general public.
So we formed our design team and designed the ideal model with low production costs and high safety. In this design, flight comfort for the pilot is well considered.
In order to finance this startup, we intend to launch an ico. In this topic, we are going to introduce this startup, so I want to know your opinion about this idea?
Also our team needs a new member in the field of cryptocurrency
Also, I would be thankful to know your experience in setting up ico

This project is worth a billion dollars fund to contract manufacturing factory for aircraft. There's no way an ICO can possibly fulfill your financial needs even though you're claiming that you will build a low cost project since your success depends on your output profitability. In business perspective, No one will gonna invest on this kind of idea because its a too good to be true to become a sustainable business.

Why not focus on aircraft designing rather than manufacturing which requires tons of funds to make it feasible?

[hugeblack]

Why did people start to think of cryptocurrencies funding ( ICO as a model) as shares that are printed to finance a specific company or activity?
When the ICO appeared, its main purpose was to help the project owners to promote that project in exchange for giving a share of the project to those who help.
That share is distributed through smart contracts and ensures a decentralized distribution of coins.


What you are trying to present here is a model of shares for a specific economic activity, but they are illegal shares and need to be audited, and therefore they are high risk and may not have value.
Continuing with such activities will classify your project as a scam.

[M.r.zeidabadi]

Please don't take ICO route for two reasons. First, ICO is dead. People don't prefer to buy coins from ICO anymore so the chance is very high that your coins will remains unsold. Secondly, the use case is not something to interest a common people. If you are building an aircraft, your target customers will be the wealthiest 5% of the world, not a common people. Also in this field, the competition is huge where we already have big companies like Airbus, Boeing, Dassault etc. which years and years of experience. So it's very unlikely for your startup to remain in business due to such steep competition. So the chance of failure is quite high. Personally I wouldn't invest on your idea.

If you have planned to set up an ecommerce store, that would have been a different story. I think you better go to angel investors or VCs. ICO wouldn't help you at all.   

Hi thanks for your answering. In fact, our focus is on making it possible for the general public to fly, not just the 5% of the population. We have considered many capabilities in this project. Among these features, I can mention the autopilot, which makes flying easier. In addition to these capabilities, we have worked on ways to reduce production costs. Reducing production costs leads to low-cost aircraft, making it possible for at least 70% of people to purchase aircraft. It is necessary to mention here that we do not reduce the quality of the parts in any way. So we focus on producing high quality, low cost aircraft. On the other hand, these private planes will have a capacity of 4 or 8 people. This limited capacity leads to the production of low-cost aircraft.
Also thanks for sharing your opinion about angel investors or VCs ,I will think about them.

This project is worth a billion dollars fund to contract manufacturing factory for aircraft. There's no way an ICO can possibly fulfill your financial needs even though you're claiming that you will build a low cost project since your success depends on your output profitability. In business perspective, No one will gonna invest on this kind of idea because its a too good to be true to become a sustainable business.

Why not focus on aircraft designing rather than manufacturing which requires tons of funds to make it feasible?

Hello, thank you for sharing your opinion. In fact, we started by focusing on the production of aircraft parts. But once we were confident in our design ability, we realized that we could design a complete aircraft. We also worked on an advanced autopilot. When we were working on the autopilot, we realized that it would be better to use this autopilot on a modified aircraft. So we worked on designing a new aircraft. On the other hand, in addition to this design, we also estimated the cost of the design. The fund of this project is not a billion dollars. In fact, the project will fund less than $ 50 million.

Why did people start to think of cryptocurrencies funding ( ICO as a model) as shares that are printed to finance a specific company or activity?
When the ICO appeared, its main purpose was to help the project owners to promote that project in exchange for giving a share of the project to those who help.
That share is distributed through smart contracts and ensures a decentralized distribution of coins.


What you are trying to present here is a model of shares for a specific economic activity, but they are illegal shares and need to be audited, and therefore they are high risk and may not have value.
Continuing with such activities will classify your project as a scam.

Hello. Thanks for sharing your opinion. I think I did not explain well. Because we do not intend to do anything illegal. And in similar projects, this method has been used for financing. But thanks for your comment, I think we should add a lawyer to the startup team.

[moderator's note: consecutive posts merged]

[Mr.andache]

I think that we couldn't explain the project.the technology and science are going to improve the quality of life and make it better and at the other side it reduce the elapsed time. We are going to build aircraft that you can buy as much as the price of a car. You can travel by air plane and tha t would be at least half of the car this mean lower fuel Lowe environment pollution lower carbon produce Lower global warming and save time and this is just the beginning

[indo1]

In the aviation industry it seems that cryptocurrencies have been entered, even they are already at the top when you are just starting out, well I suggest for you it would be better to look for another concept, I know the concept is good, but the funds from the ICO alone are not enough to fund you.

[Mr.andache]

In the aviation industry it seems that cryptocurrencies have been entered, even they are already at the top when you are just starting out, well I suggest for you it would be better to look for another concept, I know the concept is good, but the funds from the ICO alone are not enough to fund you.

Tank you. what is your suggestion? What do you think about it?

[bonyaserg]

Personally, my opinion about your interesting business model will be unambiguously positive. Since any business proposal will always be considered with special interest. And the creation of a super unique aircraft for the general public needs a more professional team to work at the highest level.

[M.r.zeidabadi]

Personally, my opinion about your interesting business model will be unambiguously positive. Since any business proposal will always be considered with special interest. And the creation of a super unique aircraft for the general public needs a more professional team to work at the highest level.

Hello Thank you for your attention to our project. This comment really made our team happy. Our team consists of several university professors as well as talented young people and we will welcome the addition of new members.

[vv181]

What you are trying to build or your business model has nothing to do with cryptocurrencies. Incorporating cryptocurrency into your startup will be absurd. Even If you are truly here looking into just find some investor, it rather will complicate your business model. If your goal is to find some cash, the traditional way to find an investor will be much better, I believe if you are here in this space there will be much mundane legality required for your startup.

[asriloni]

if you have found a good use case of blockchain in the field of aircraft manufacturing then simply launch your startups, if the business model is great you could easily gets some funds from the mass fundraising like crowdfunding but as anyone here have said ICO is kinda dead, the better way is working together with popular platform like binance, although they requires strict validity of your startup you will get massive benefits if you startup gets approved by the platform.
as you could figure it out yourself that these kind of platform like the ones that binance has, usually could get you a massive funding and could be a really great start in building your startups. honestly if your projects are of that great quality, you could just easily gets approved by the platform.

The only problem is aircraft manufacturin is not need crypto. This idea sounds weird to be honest. You may need to find another idea which make more sense rather than this idea

[M.r.zeidabadi]

Thank you all for your helpful comments. I need to mention some of the goals of the project here
1. The main goal of our project is to build cheap aircraft with a capacity of 2 to 10 people available to everyone.
2. Aviation training for the general public
3. Run autopilots on new aircraft platforms
4. Reduce costs and flight time
5. Our first goal in launching our company token is to finance our startup by sharing the company's shares in digital currency.
6. Our other goal in launching our company tokens is to use it in payments such as tickets and the purchase of aircraft and parts.
7. Our other goal in this project is to launch virtual aviation tours. According to the comments of the audience here, we realized that ico is no longer used and it is better to use ido.
Also, if possible, share your experiences with launching ido with us.

[n0ne]

This is just a suggestion. Maybe you can make some NFT associated with aircrafts. If the NFT is good in auction you might get a good value for it. Maybe some addition of more NFTs on the opensea market place can help with funding your project. Recently saw a bid for a NFT in the opensea which is on an old rusted car.