Topic: Creating an ICO. Looking for a team. - page 2. (Read 1179 times)

Never start an ICO to get "millions". If you have a dream or a concept that really needs to be realized, then do it.
ICOs only make sense with escrow.

Thank you for sharing, it is good to hear that the ICO scammers will be charge in courts. At least it protect investors in this case.

The scam intention already detected, you just want to make the crap project caused by the money. You didn't understand the basic knowledge about the ico. No one will be investing on your project dude. It just looks a crappy thing rather than the team work that has called for the project. Go back to your home and take a juice. because you just have seen the ico as the money grabbing method. 

Just a warning to those that think they can create a scam ICO, sucker some investors in, and then run off with millions. The long arm of the law may be slow to react, but it often does come around and when it does you could be looking at the rest of your life in prison.

Some recent examples:

https://www.coindesk.com/garza-pleads-guilty-gaw-miners-ceo-cops-9-million-fraud/

https://www.coindesk.com/indian-police-charges-onecoin-founder-ruja-ignatova/

https://www.coindesk.com/mt-gox-ceo-mark-karpeles-pleads-not-guilty-embezzlement/

https://www.coindesk.com/former-dogecoin-exchange-ceo-faces-fraud-charges-uk/

So you may be successful and live the good life for a little while, but when the investors find out you scammed them, you will most certainly find yourself looking at some serious criminal charges, not including any civil suits that will not only take every last penny you have but will probably put a lien on any future earnings you make as well.

Now this is not to say you are looking to scam anyone, but it is not simply a case of write whitepaper, launch website, raise millions, retire. But when your stated goal is to come up with something just so you can have an ICO, it sure does smell scammy as that is basically the opposite of what should happen. Normally you have a great idea first, you flesh it out with some concepts, maybe prototype it, get others involved and develop a team, and only when you are at the point of launching it do you look for funding.

Think Shark Tank type readiness, you can't go before the sharks and say give me an idea and money and I may do something with it. Well it is the same thing here, you should already have a viable product or idea and just need some initial (ICO) funds to make it go big. The ICO is not your long term income stream, it is simply a way to get there, but I think that point has now become lost with all the recent hype.

To end with, I am pretty confident in 2-3 years time we will be seeing the same headlines as above except with some of the current ICO promoters names in them instead.

If share more information, there could be more suggestions about the needs.
Of course I'm not saying share your project's key parts

Well, in my opinion serious projects start before the ICO. I don't think you should "decide to have an ICO to raise millions of dollars" and then look for team and look for an idea of product.

Of course this could work out for you, but I wouldn't be one of the investors willing to send ETH to this ICO that came out of nowhere.

I think that usually team members already know each other (have worked together before), usually have blockchain/technology background, and have an ongoing project or an idea to start a new product that could take advantages of blockchain technology.

When you have your business value proposition figured out you can come up with a budget plan that should guide you in the decision making regarding how much you should raise and stuff like that.

It is obvious that team and and the product are the main drivers for a successful ICO.

But what about practice. How much money is required for marketing, is it nessesary to get a developer in your team to write a code for ethereum crowdsale or it is possible to hire freelancer and so on...

Before launching anything you need to have a good team and a good business plan,all the present ICO are making millions does not mean that every Jack and Harry can make an ICO without a good idea,first formulate a good team and then think about starting a crowd fund to fund your project and if everyone likes the project then you might get the investment you are looking for.

Hi mates.

Watching all these ICOs getting millions of dollars, I think everybody thought about creating its own project.

It would be nice to hear from experiences users, that have launced ICO for their project, what is required to launch ICO.
For example: what is the minimum amount to invest is required to launch ICO, how many people in team, how much time it takes.

Also if anybody have any ideas. I am open to discussion.
I have an idea for a project, but want to know all the aspects before launcing an ICO.