What process should I go through, for gathering funds to develop my app idea ?

[Grey_Worm]

I have had this idea for a couple of years and have a clear visualization of what it would look like.
Last year I started buying coins in hope of making 50k to finance my idea. I got lucky on SHIBA, Ekta, Titano and managed to do 10x in each but my initial investment was too low and I only reached 1000$, I lost some money on shit coins and got scammed 2 times.
I have been applying in my local start-ups organisation for a while but with no luck.
Just recently I came to the realization that lunching my own crypto project will be the best bet.
My current plan is: 1- Create website, publish whitepaper, ICO & run ads in multiple platforms.
                            2- Buy a plane ticket and pitch people on Monaco which is the country with the most millionaires per square meter.

[1714720703]

1714720703

[1714720703]

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[The Cryptovator]

The situation is quite hard for you. For crypto startups need a marketing budget where you would fail. It doesn't matter if you use Launchpad with 1 BNB. But you have to think about who will buy your token if there is no marketing? Crypto marketing budget at least should 10% of your targeted raise funds. So now depends on you what is your target and how you want to start. Also, it's very important to spend your marketing funds in right place. A lot of scammers around us.

So it would be better to create a project and manage it for private sale. So you will have some funds for the marketing and raise more funds for the public sale. The process is quite complicated for you since you don't know anything. And no one gonna help you for free in this space.

[sheenshane]

There are too many projects trying to and planning to raise funds and it's called ICO but I don't know how you can get the trust of the investors since ICO becomes a common ground the scammers and maybe you will be face difficulties with your plan especially if you're lack of fund to sustain your project.

Maybe just proceed to plan 1 and follow this article, this will help you an insight into how to start your project.  Because there are a lot of factors to consider before you will start not just only a money.

[robelneo]

My current plan is: 1- Create website, publish whitepaper & ICO, ( Lunchpads require 1bnb fee which is 2 months work, please advise for any other option ) & run ads in multiple platforms.
                            2- Buy a plan ticker for 30$ to Milano and go to Monaco which is the country with the most millionaires per square meter and pitch them my idea until I have gathered 100k.
Either plan 1 or 2 will require me 3 months of work savings. Please advise me what other option should I consider ?
Meanwhile, I am starting a YouTube channel and applying for funds online and keep improving my xd Designs together with the whitepaper.
                             

It's hard to do a campaign online unless you gained the trust of potential investors they usually trust developers based on their previous works, it could have been easier 6 years ago but there are many pretenders and scammers now they ruined people like you who come with a good plan and honest intention.

It's better to work on your project with people around you with similar interest like you but needs a guy like you with skills to launch a project, every place has someone like that who wants to invest in a start-up but wants to meet a developer personally for interaction and follow the progress of the start-up that he will invest in.

[CoinKartel]

I'm somewhat like you except I've gone through your process enough time to have learned a few things, some of these have been mentioned.

1. Wit the vast amount of DeFi projects being pitched, you will need to first-off find a platform that co-mingles with your idea. There's also absolutely no need to go to some other country to mingle with rich people. We now have hundreds of platforms that have ICO and PRE-ICO launchpads. Hone your idea down, and find a launchpad that matches your idea and see what they say.

I don't have much time here but don't forget the #1 thing to do when you have a eureeka moment: VALIDATE your idea!!! I can't stress the importance of this. And I mean really validate. You have a problem you found a solution to that will make everything better for a certain group of people? OK then ghire a Fiver to make a double blind survey running your idea through your target market and also your non-target market. Remember your investors may not be your clients so the idea needs to sound good to all....


Anyway: try Startups.com.... not expensive and you will learn all you need to know NOT to go down the rabbit hole of starting a non-starter!

Good luck!

[cryptoaddictchie]

Or option 4, do some funding from legit developers choice. There are some who joined hackhaton events or even sponsors event where developers can showcase their project and might secure a funding. Like gitcoin donations, but you can try option 1, but Im not sure how would it go since many have trying icos and ended up with no investment unless the project is really have potentials or you could do a solid marketing first.

[judeafante]

Just recently I came to the realization that lunching my own crypto project will be the best bet.                          

First of all, does your project have anything unique compared with thousand crypto-related project out there? I've seen to many project without anything unique or interesting where team rely too much on marketing with buzzword and hire crypto "influencer".

I've seen so many of it too, cheap projects with high profile influencers, you can post your project here not the full details but something that can evoke interest in investors, but it's better to have someone you know personally as the main investor than just invite others for additional support, people will not invest in something that they don't know it's uniqueness and potential, because investors are always looking for something new and something that can become a trend.

[nullama]

Why do you need all the funding money for?

Can you start helping one person?, just one. If you can do that then go help the next one. And continue.

There are countless of people with ideas searching for money. If you focus on actually helping people based on your idea, slowly at first, you will end up with either a successful product/company/service, or realize that no one wants it. And you don't need funding for that.

As an example, Satoshi Nakamoto started Bitcoin for free. Very few were interested in the beginning, but slowly it grew.

[OgNasty]

Build a functional product, then demonstrate it works, then look for funding to expand outside of this forum.  Ideas are a dime a dozen.  Trust me.  Knowing what will be the next great business is not enough to fundraise for it.  For example, I know the metaverse is going to be the next big thing.  It's a trillion dollar opportunity and will make many people billionaires who are working on what ends up being the popular metaverse.  That doesn't mean I am in a position to raise millions and start hiring people to work on my Nastyverse. 

As others have stated, you are about 5 years late to this sort of party.  All the ICO scamming that went down in 2017 took down the market here for investing in anything.  Lack of moderation, reputable escrow agents helping scam users out of their investments, alt accounts making false statements...  All the cause for why you won't raise a single penny here for an idea.  Just trying to save you some time.  Good luck building your project!