ICO success is a delicate balance between team expertise, ability to reach the market and investors, and actual useful product...
Many times I've seen whitepapers that push and stretch these aspects to comfort and attract investors...but sooner or later the time comes to show the real capabilities and that's where real and sound projects can really take off
Topic: Awesome project (Read 134 times)
Any investor can tell stories about investing in a strong team with a bad idea, because he believed in their abilities of creating a valuable product in the course of their activity.
I think its one of the success criteria that someone needs to look at.
Therefore, it is crucial that the team should be multi-professional, and have had some success. They should also have at least some experience in the blockchain domain. Quite often, teams try to launch fundraising when they don’t have competent engineers dealing with the blockchain. The founders consider money-raising to be the most important task and they are pretty sure they can employ an engineer later on.
Obviously, in order for the projects to succeed, the CEO or whoever is on top, should get competent devs and ensure that that have the correct job description and skills before they hire one. It means that the CEO should filter out and not just hire someone to do the job and in the end, it exploded in their face because the person that supposed to do it was a no show or doesn't know what to do.
The second section of the white paper should contain the product description: prototype data, first users and development strategy. Frequently, in the course of ICO the project team only have a perfectly designed pdf and a few mock-ups. Yet, they have no actual product, its potential users and development strategy. If the project already has an ecosystem and users, this increases the chances of token survival on the market. These elements must therefore be present in the documentation.
Awesome team
Awesome team
And at least not to technical so that a casual like most of us will understand what they are trying to accomplished in the first place. And those investors who are going to their Whitepaper can relate to it in layman's term. I see Whitepaper being too technical and its hard to grasp and chances are, investors will just stay away from that project.
I would recommend you to check out an interesting project with a lot of potentials. Recently I was also looking for potential investments and I came across this project named "Socratus", their team is planning to build an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company such as property, flight delay, cyber insurance and etc can connect to their platform and benefit from it. The main goal of this project is to reduce the costs for insurance companies.
In my eyes, this would be a really good investment.
If you are interested, take a look at their website, there is so much more information about the project such as White Papers etc
just look them up on Google
It will be worth your time
Anyways have a great day
In my eyes, this would be a really good investment.
If you are interested, take a look at their website, there is so much more information about the project such as White Papers etc
just look them up on Google
It will be worth your time
Anyways have a great day
Any investor can tell stories about investing in a strong team with a bad idea, because he believed in their abilities of creating a valuable product in the course of their activity.
Therefore, it is crucial that the team should be multi-professional, and have had some success. They should also have at least some experience in the blockchain domain. Quite often, teams try to launch fundraising when they don’t have competent engineers dealing with the blockchain. The founders consider money-raising to be the most important task and they are pretty sure they can employ an engineer later on.
The second section of the white paper should contain the product description: prototype data, first users and development strategy. Frequently, in the course of ICO the project team only have a perfectly designed pdf and a few mock-ups. Yet, they have no actual product, its potential users and development strategy. If the project already has an ecosystem and users, this increases the chances of token survival on the market. These elements must therefore be present in the documentation.
Awesome team
Therefore, it is crucial that the team should be multi-professional, and have had some success. They should also have at least some experience in the blockchain domain. Quite often, teams try to launch fundraising when they don’t have competent engineers dealing with the blockchain. The founders consider money-raising to be the most important task and they are pretty sure they can employ an engineer later on.
The second section of the white paper should contain the product description: prototype data, first users and development strategy. Frequently, in the course of ICO the project team only have a perfectly designed pdf and a few mock-ups. Yet, they have no actual product, its potential users and development strategy. If the project already has an ecosystem and users, this increases the chances of token survival on the market. These elements must therefore be present in the documentation.
Awesome team
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