Topic: ETH only for ICOs? - page 4. (Read 242 times)

So if you were to start an ICO, would you prefer to accept as many types of coins as possible?

There is always a reason why to choose a specific coin to purchase tokens during ICOs. ICOs where tokens are developped in the top of Ethereum will always choose Ether to set the price however some others can choose btc or any other great token (Litecoin,Dash,...). Additionally to Ether less volatile than btc, buyers can make the purchase by only using one etherum address to send funds and receive token in the same address (this can easly set in the code contract unlike using btc which require more parameter functions). Back to volatility, some ICOs choose receiving funds from Fiat operators that it fixes prices during the ICO and even after.

ETH is always the great option for ICOs that are running in the top of Ethereum but not the only one. ETH is widely known by ICOs use but it can be only for ICOs.

More options of payements can be found in ICOs that are setting their own blockchain that won't need to write a code contract to buy and receive their tokens.

I voted for using more coins for ICOs but it's still far from being fully set as a general rule as we see the majority of ICOs use Ethereum for the developement of their smart-contracts. This set can be changed with new projects that aim to overpass this limitation by developpement of smart-contracts in different ways out of Ethereum Mainnet (see more with EOS)

I think more options are better for the overall market but usually eth is accepted because project tokens are created on ethereum network using smart contracts and based on erc 20 model, so they accept eth as they automatically send the tokens who send or invest in their ico.

Not just ETH received for ICO. It all depends on the projects that do the ICO. But Usually I often see for ico altcoin received is bitcoin and ethereum. Two eyes of this coin is often accepted in ico because we certainly already know ethereum and bitcoin is one of the icon of cryptocurrency.

Since most ICO projects are based on the Ethereum platform, investors should have the ETH crypto currency to buy and use tokens. ICO selects the ETH crypto currency, because by its peculiarities it easily generates tokens using a smart contract.

ICO's accepting ETH only are more transparent as we can see the smart contract code behind it.

but ICO's accepting BTC and maybe more types of coins, gives more flexibility to investors to choose their favourite coins.

What do you prefer?