Topic: Does a Successful ICO Really Require $$$$ - page 3. (Read 1931 times)
Actually making an ICO is quite simple and economical, you just need a good idea and a small amount of developers or team committed to the job, the expense really come when you want to promote that idea, when you want to accelerate things because progress is slow, that's when you're going to start spending money on things like exchanges, marketing, infrastructure, and so on.
Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
Look at the Hydro. I think it's best example to build good vision don't need crowd funding. Also, hydro doing airdrop with huge amount. If you participate airdrop hydro & selling your hydro now. It will worth $694 in hydro If you have a really good project preferably with any kind of already developed prototype and good team developers behind it you can succeed with a minimum initial capital, these days most of the projects pay with there own Tokens for a lot of things especially marketing, but there are some expenses that have to pay with real $$, Bitcoin or one of the main Altcoins this expenses you cannot really avoid and are a must.
Good bounty agencies will for sure help you with a lot of this stuff if you have a really good project with a solid team. Either way, you will still have to pitch in some sort of money to get your project kickoff.
You should reach out and connect some of this agencies or bounty managers and discusses with them.
Reality wise, indeed that in order to be a successful project, team needed to have a good capital to start with, though usable product can attract investors in some ways, but making extra ads are also needed to attract more potential investors, from that point its really a money matters to equip your projectGood bounty agencies will for sure help you with a lot of this stuff if you have a really good project with a solid team. Either way, you will still have to pitch in some sort of money to get your project kickoff.
You should reach out and connect some of this agencies or bounty managers and discusses with them.
to start kicking off and gather more people to help and create community that will support and start the journey of your project.
If you have a really good project preferably with any kind of already developed prototype and good team developers behind it you can succeed with a minimum initial capital, these days most of the projects pay with there own Tokens for a lot of things especially marketing, but there are some expenses that have to pay with real $$, Bitcoin or one of the main Altcoins this expenses you cannot really avoid and are a must.
Good bounty agencies will for sure help you with a lot of this stuff if you have a really good project with a solid team. Either way, you will still have to pitch in some sort of money to get your project kickoff.
You should reach out and connect some of this agencies or bounty managers and discusses with them.
Reality wise, indeed that in order to be a successful project, team needed to have a good capital to start with, though usable product can attract investors in some ways, but making extra ads are also needed to attract more potential investors, from that point its really a money matters to equip your projectGood bounty agencies will for sure help you with a lot of this stuff if you have a really good project with a solid team. Either way, you will still have to pitch in some sort of money to get your project kickoff.
You should reach out and connect some of this agencies or bounty managers and discusses with them.
to start kicking off and gather more people to help and create community that will support and start the journey of your project.
Icos can be succes without millions of dollars. but past bull market people wanted to send too much money to icos. because of that companies which doing icos realised that. and they are trying to collect biggest amount of mnoey. because they can collect. for example now icos cant collect money in that bear market. and i am expecting these hardcaps will decrease in the future .
Do you think its best to wait for a bull market before launching an ICO?
Icos can be succes without millions of dollars. but past bull market people wanted to send too much money to icos. because of that companies which doing icos realised that. and they are trying to collect biggest amount of mnoey. because they can collect. for example now icos cant collect money in that bear market. and i am expecting these hardcaps will decrease in the future .
Of course important, achieving an ICO will affect the development of a crypto project. because with a lot of funds, of course, the development will be easier, such as for listing and developing the project itself, with that the price of a token or coin of a project can be more valuable and of course with development that is also perfect, and it also depends on their investors
First of need really great idea with the working product then it's easy to attract the investors. And make a good product, not that much easy job. A good startup needs to give at least 6 months to 1 year for their product and have to validate with the market. Even need a good team, not just transparent profile. Sometimes poor team also leads to failure of the project.
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 $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
working product make the company sucessful. i have seen some icos which wanted to raise 100 million $$$ to build the product but still there is ico like proof suite who just raised 3 million in the ico but the dev were working even before the 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 $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
working product make the company sucessful. i have seen some icos which wanted to raise 100 million $$$ to build the product but still there is ico like proof suite who just raised 3 million in the ico but the dev were working even before the 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 $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
working product make the company sucessful. i have seen some icos which wanted to raise 100 million $$$ to build the product but still there is ico like proof suite who just raised 3 million in the ico but the dev were working even before the 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 $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
working product make the company sucessful. i have seen some icos which wanted to raise 100 million $$$ to build the product but still there is ico like proof suite who just raised 3 million in the ico but the dev were working even before the ico..
I think we shoudn't divide ICO start-ups and a common start-ups, it's all the same. There are successful start-ups not connected with crypto and blockchain that were run with a min budget. So why ICO start-ups must be different? Everything is possible.
I'm talking about ICO Startups
I think we shoudn't divide ICO start-ups and a common start-ups, it's all the same. There are successful start-ups not connected with crypto and blockchain that were run with a min budget. So why ICO start-ups must be different? Everything is possible.
Obviously not, less than $100k should be enough to start most of the projects, can raise more later for advertising if it's looking to go well.
If not less than $100K. How have some companies been successful with less than $10K?
Obviously not, less than $100k should be enough to start most of the projects, can raise more later for advertising if it's looking to go well.
It is difficult to answer this exactly because I never becomes one of the members of the ICO team or developer. So, I don't know whether they actually spend how much dollars. But, I may give some opinions. Whatever the ICO project, I think that it will need fund to build although it is only done by one person as a small ICO. They need budget (even the low budget) for their operating system. However, how small or big will depend on their necessity regarding to the development of the projects. I'm sure that the point is in their ideas, technology, and system that will make them successful in the future.
I don't think money is the most important thing. I think the most important thing is technology. For example, Ethereum's success last year was related to his technology rather than money.
Lets be practical buddy money matters everywhere our can develop a technology without investing money. You need good developers for a ICO as well as marketing plays a big role here and a unique team lot of things which cannot come without 💰.
In order to start an ICO, many things have to be done, and these usually costs $
- Firstly, you would need to list on ICO websites to make your ICO known to the public
- Next, you need a telegram group for your supporters to gather and ask questions about the project. This is the time you'll need community managers to manage the community, and answer any queries investors may have. If you are planning to do a bounty program (to attract more investors), that would mean more funds have to be spent on marketing.
Not forgetting marketing expenses, talent acquisition expenses, and renting of physical office for the project.
Pre-launch costs on an ICO can be quite high, roughly 150k-200k on the conservative side.
I disagree a little. You don't have to necessarily have to pay to be listed on sites. There are several sites in which you can list for free. In addition, marketing using bounty programs is free of charge as you can pay tokens for individuals to spread the word. In addition, you can offer payment for direct referrals in BTC and ETH; these alone will get a lot of promotion. You can go with a Junior team to get you to the ICO; you only need a landing page, back-end, and smart contract. You can purchase a VPS, and users can work remotely. Hence, I feel like an ICO can be launched for under 10K- Firstly, you would need to list on ICO websites to make your ICO known to the public
- Next, you need a telegram group for your supporters to gather and ask questions about the project. This is the time you'll need community managers to manage the community, and answer any queries investors may have. If you are planning to do a bounty program (to attract more investors), that would mean more funds have to be spent on marketing.
Not forgetting marketing expenses, talent acquisition expenses, and renting of physical office for the project.
Pre-launch costs on an ICO can be quite high, roughly 150k-200k on the conservative side.
Absolutely. You could launch an ICO for less than 10k. However, you also have to take into consideration many things. For example, the current market situation, perspective of investors and how will you stand out amid the sea of ICOs. With less than 10k, you could get things done, however, you wouldn't be able to raise much.
Currently, the market isn't doing all that well, I'm sure everyone knows that. With that being said, investors are being VERY cautious on ICOs, and we've seen how ICOs haven't been doing well lately. I forgot to mention about influencers in the earlier post. With many ICOs coming out, you would need paid release and influencers to help bring your project to the public. All these would cost a lot of money, and would help your ICO get a wider reach.
Marketing in crypto VS traditional is very different.
I don't think money is the most important thing. I think the most important thing is technology. For example, Ethereum's success last year was related to his technology rather than money.
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