Topic: Does a Successful ICO Really Require $$$$ (Read 1931 times)
To start a project without a large amount of attracted investments, he needs a very good idea, an experienced team and an amazing product. Even with these parameters, we need at least some minimal investment. The project should not collect tens of millions of dollars, I think this is very bad and it’s not a fact that this project will benefit the crypto world in the future ..
It depends-
This is from my observation:
If your target demographic is Asia then you would need lot of $$$ - because Asians play safe - they prefer to buy tokens in companies that have big names behind them.
If your target demographic is in US or Europe then you do not need a lot of $$$ to reach out to them because they are willing to take risks .
I want to mention that this is based on my observation and it need not be correct !!
BTW all the best with your ICO.
This is from my observation:
If your target demographic is Asia then you would need lot of $$$ - because Asians play safe - they prefer to buy tokens in companies that have big names behind them.
If your target demographic is in US or Europe then you do not need a lot of $$$ to reach out to them because they are willing to take risks .
I want to mention that this is based on my observation and it need not be correct !!
BTW all the best with your ICO.
The most necessary condition for an ICO project to succeed is to have a lot of money. The money may come from selling the tokens to the investors or the capital of the company. As simple as the Credits (CS) campaign, this project needs a lot of ETH to be able to boost the Token rate through each stage.
They should list the allocation budget of the funds they will be needed, if the numbers seem reliable then we will not be confused o how much they wanted to reach or caps their ICO. If it's a big project and will be needing many developments expenses then many $ will be needed really.
The most necessary condition for an ICO project to succeed is to have a lot of money. The money may come from selling the tokens to the investors or the capital of the company. As simple as the Credits (CS) campaign, this project needs a lot of ETH to be able to boost the Token rate through each stage.
Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
The need for money is exaggerated in this market, just look at the most successful coin that we have which is bitcoin, how much money did satoshi asked from the community to create bitcoin? He did not ask for any kind of money and yet he created the best coin that we have, so a truly dedicated developer could create a coin with no money if he wanted, but if he wanted to accelerate the process a few million dollars could be enough.
yes, there are many great projects that don't do ico and only distribute coins for free to their community or airdrop. this reminds Stellar that it can be very successful and is in the top 10 coins, this is one of the successful Airdrop coins without ICO.
Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
The need for money is exaggerated in this market, just look at the most successful coin that we have which is bitcoin, how much money did satoshi asked from the community to create bitcoin? He did not ask for any kind of money and yet he created the best coin that we have, so a truly dedicated developer could create a coin with no money if he wanted, but if he wanted to accelerate the process a few million dollars could be enough.Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
The need for money is exaggerated in this market, just look at the most successful coin that we have which is bitcoin, how much money did satoshi asked from the community to create bitcoin? He did not ask for any kind of money and yet he created the best coin that we have, so a truly dedicated developer could create a coin with no money if he wanted, but if he wanted to accelerate the process a few million dollars could be enough.
The money is not required to start, the money you will use when you want to promote your ICO, starting you can launch your token only if you know something about programming and you have a good idea, in fact, the fees to get tokens in EOS, ETH or Waves are quite affordable, so you will not have problems out there, the general cost comes from the marketing you need for your token to has value, that's why bounties are so popular
I think there is a stipulated amount needed to start an ICO and if that is not available, i do not think a startup will be able to bring up anything good nor achieve anything meaningful. Most times, it is this fund that is used for the financing of the project, just for it to succeed.
I think that for a successful ICO you need money and a lot of money, on the other hand, it is strange for me when some unimportant project is trying to collect 20 - 30 million dollars.
Of course money is needed, but even more important is what this money will be spent on. Projects with clear goals and a plan for spending are always ahead of everyone else. So it's funny when my friends ask me for an opinion about the project without white paper or without a product.
I think whitepapers have become a cliche lately, they're not what they used to be.
Too few projects are producing a technical whitepaper likely because they haven't actually worked out how they're going to build their product.
I think any platform coin without a whitepaper is almost certainly a scam.
I think that for a successful ICO you need money and a lot of money, on the other hand, it is strange for me when some unimportant project is trying to collect 20 - 30 million dollars.
Of course money is needed, but even more important is what this money will be spent on. Projects with clear goals and a plan for spending are always ahead of everyone else. So it's funny when my friends ask me for an opinion about the project without white paper or without a product.
I think whitepapers have become a cliche lately, they're not what they used to be.
Too few projects are producing a technical whitepaper likely because they haven't actually worked out how they're going to build their product.
I think any platform coin without a whitepaper is almost certainly a scam.
We have seen airdrop that went on to be successful despite it been distributed freely. I think most time, people get fixated on the dollar and forget about the amazing opportunity that exist in Cryptocurrency community and free technical support that can be gotten free of charge from such community!
I heard that in order to launch ico,you need like 500 k$ , it is a requirement for marketing, salaries, promotion, MVP development, WP and so on
Do you think it cost $500K. How much do you think is needed? Hypothetically speaking, one person could build the landing page, smart contract, pay bounties, pay popular advisors, and have a successful ICO for under $20K. I'm just saying...
I heard that in order to launch ico,you need like 500 k$ , it is a requirement for marketing, salaries, promotion, MVP development, WP and so on
I think that for a successful ICO you need money and a lot of money, on the other hand, it is strange for me when some unimportant project is trying to collect 20 - 30 million dollars.
Of course money is needed, but even more important is what this money will be spent on. Projects with clear goals and a plan for spending are always ahead of everyone else. So it's funny when my friends ask me for an opinion about the project without white paper or without a product.
I think that for a successful ICO you need money and a lot of money, on the other hand, it is strange for me when some unimportant project is trying to collect 20 - 30 million dollars.
Of course money is needed, but even more important is what this money will be spent on. Projects with clear goals and a plan for spending are always ahead of everyone else. So it's funny when my friends ask me for an opinion about the project without white paper or without a product. I prefer not to waste time on such projects. It is better to invest in those projects that have been on the market for a long time, this is a guaranteed profit in the future. I treat all new projects with a certain amount of skepticism.
Only having money is not the only factor for an ICO. If the ICO has a good idea, vision and a dedicated team who seriously want to work for the project then they can figure it out despite the low budget. But yes Money does play a crucial role.
I think that for a successful ICO you need money and a lot of money, on the other hand, it is strange for me when some unimportant project is trying to collect 20 - 30 million dollars.
DO you think a lot of money is required to make it to the ICO? I'm talking about the development of the landing page, smart contract, and marketing. 
I think that for a successful ICO you need money and a lot of money, on the other hand, it is strange for me when some unimportant project is trying to collect 20 - 30 million dollars.
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