It's depend on advisors it self, are they used for brand/marketing only? are they used to make project looks greatin first appereance?
Sure on their web, they will give position to their advisors. However we can not know what is function of advisors on a project. Are they really help project to find investor or announce project to their network? Only internal team know this issue.
I also still looking way to knwo about this
Advisors can function on both ways and it would always have that kind of pay.We cant really be sure if they do only focus out on one point or just tending to do overall works.
Im aint saying that these people arent that effective yet there are famous advisors known by the public and somewhat their current popularity and reputation does also act
some sort of initial marketing with the project but of course it do have corresponding additional pay with that talking on projects success or relevance will not vary with these people.
They can give out inputs or insights but as said there's no such weight with that.
Correct. Most of investor think advisor will help project to reach better market, reach their goals, or get more investor (in 2017 case), but most of advisor just paid for just a fame figure.
Now, there's ico called as azbit and have cool advisor such as roger ver. If we back to 2017 mindset, most of people will think that roger ver will make azbit as second utility for bcash, or will promote azbit to bcash community. But for now, i think roger ver only as fame figure for azbit and won't do much for azbit. However I don't said this is bad ico, this is just for study case
I also got offered as business developer for an ico one years ago, ico owner give me their profile teams. At first, i thought this project will have good market and i really like their roadmap and they also have good vision. There's an advisor who become key (ico owner said), because he has ISO certificate for aeroplane. This is awesome rights?
What happened next? When i request to ico owner to propose a help from advisor to make busines offer to aeroplane industry, this advisors become useless. I don't know is this advisor is just fake profile nor not, at the time.