When most people evaluate ICOs, they consider the advisors. However, most are looking for big names in the crypto sphere. In my opinion, it's more important to look for industry experts outside of crypto. The goal of most blockchain projects is to gain usage and adoption in the real world, and expert advisors with credentials in major industries open doors to new markets. At the end of the day, when projects exhaust their ICO funds, they must earn revenues. What do you think?
They are of atmost important as why people go to advisors,to get proper information.ICO's are many but it is very difficult to find which one is real and which one is fake.Soo people need someone who follows day in and day out these ico's and someone who can give them trustworthy ICO to invest.Your point is very valid to reveal what they got as fund which will create more transparency in transaction. Advisors are really important in making any ICO's success or failure. 
Topic: How important are ICO advisors? (Read 520 times)
When most people evaluate ICOs, they consider the advisors. However, most are looking for big names in the crypto sphere. In my opinion, it's more important to look for industry experts outside of crypto. The goal of most blockchain projects is to gain usage and adoption in the real world, and expert advisors with credentials in major industries open doors to new markets. At the end of the day, when projects exhaust their ICO funds, they must earn revenues. What do you think?
It depends on the project and the aspirations of the developers if they keep a percentage of the coins for themselves they do not really need to create revenue for their project what they need to do is to develop the project and their coins will become more valuable, in my opinion the most important advisor for icos should be the one in charge of marketing, I have seen some really good coins with almost no marketing and no one knows about them. 
Most of the companies are looking for advisories in order to make their project most effective one, but we how an advisory will join a project based on the previous experience. But as an investor, we don't know who they are, what is their major roles previously taken by them. For the company, they give guidance in terms of marketing and how to raise the money in the ICO.
Certainly, they are searching for these people, who will help them to make a sort of a hype about their project. These advisors are usually for some PR.
Definitely ICO advisers is important to look into if you want to invest in a project. But is should not be the major factor. This can only be a reference to ar least build some trust.It will be best to review the major factors such us the team, the company, the partnership and the project itself. If they already have an existing product and trying to tap the blockhain arena and their project is viable, then that is a great sign. Goodluck 
very interesting question, i also have wonder the same whether do these advisers really do their job, if yes how often they review the project and give input? what the frequency of their commitment?
or they only serves as promotional figures to give assurance and boost to the team?
and most importantly, how responsible the advisors on the project they have stake their name on? a person can be an advisor of 20 projects and have 19 failed projects, and just shrug it out... well thats certainly a figure i would avoid
i rather to follow advisors that have 2-3 projects and all is succesful and he play quite important roles in guiding and advise the team
or they only serves as promotional figures to give assurance and boost to the team?
and most importantly, how responsible the advisors on the project they have stake their name on? a person can be an advisor of 20 projects and have 19 failed projects, and just shrug it out... well thats certainly a figure i would avoid
i rather to follow advisors that have 2-3 projects and all is succesful and he play quite important roles in guiding and advise the team
As a newbie, I have been wondering about this. Thank you for this post and useful replies. I had my suspicions about this trend, also. I Wonder what the alternative could be? Does anyone else think that there must be some flaw in the system or the way these new ventures are rolling out if this is the fact, that we cannot trust that the recommendations offered by advisers are genuine and not merely self-interested, based on salary and a chance of short-term returns.
Advisors have experience that open your eyes to new approaches. They also have connections that can extend your reach. You should have at least 3 to provide you with diverse connections and experience. If they are well-known in your field, they will give you credibility, and provide you with advice. You need advisors who others trust, unfortunately these people have been approached many times by now, so finding them and actually getting them to advise are very different things. With their connections and industry expertise, their pitch on your behalf can give you a leg up. Will they contribute as well as ‘sell’ for you? Especially to large buyers in the presale? You need your advisors to reach out to their networks, build publicity, and speak for you.
I wouldn't recommend on trusting advices given by because most of them take money and take advantage of their position , this wasn't the case always last year there were few advisors but all the advices given were actually true nowadays these signals don't work
When most people evaluate ICOs, they consider the advisors. However, most are looking for big names in the crypto sphere. In my opinion, it's more important to look for industry experts outside of crypto. The goal of most blockchain projects is to gain usage and adoption in the real world, and expert advisors with credentials in major industries open doors to new markets. At the end of the day, when projects exhaust their ICO funds, they must earn revenues. What do you think?
Depends how much time they devote to the project and how much they are actually helping. Most advisors just bank coins because their name is know in the field and they can afford to do it. Its a win - win for both the project to have a reputable advisor and the advisor gets free tokens for not doing much.
Most of the companies are looking for advisories in order to make their project most effective one, but we how an advisory will join a project based on the previous experience. But as an investor, we don't know who they are, what is their major roles previously taken by them. For the company, they give guidance in terms of marketing and how to raise the money in the ICO.
ICO advisors, while helpful aren't something which should force people into making an investment in a company or not. Advisors can only do so much, and in most companies they're only around for someone to get a nice paycheck, plus you don't want to have too many advisors as you're just wasting capital on too many people who are doing nothing.
They're important, though but people should know that a big name isn't everything. Everyone has had their own array of failed ventures.
They're important, though but people should know that a big name isn't everything. Everyone has had their own array of failed ventures.
Big names are what investors look into and this makes the project more attractive. It’s a marketing strategy and although looking into the credibility is more important, ICOs get advisors because it attracts more investors. Additionally, having advisors affirms that the ICO is legit because there are numerous scam ICOs these days. Advisors may have a minimal function but it definitely can be said that they are essential.
good investors who always looking for such project, but this past time inside crypto even the project have good advisors investors are now wise
and always look into a usage, a purpose of said project to be able to last for long and not just a quick bucks project that will only last for a short
period of time.
Advisors just give the ICO a good image especially if they are well known and it actually does help raise the needed capital faster
but on an invistors point of view I think this means nothing especiallly if they are not know to them because they advisors arent taking the risk as investors entrusting their money with the ICO.
but on an invistors point of view I think this means nothing especiallly if they are not know to them because they advisors arent taking the risk as investors entrusting their money with the ICO.
In my opinion advisors is not important in ICO but the more important think is the purpose of the project, unique idea and what problem they want try to solved. I see some advisor in more than 2 different ICO so they become advisor just want to attrack investor.
It's not important because you can actually invest on some by just using your head. Though I don't have an experience investing in an ico (in which I don't even dare to invest) but google is enough to decide whether to invest in a certain ico or not.
In my opinion advisors is not important in ICO but the more important think is the purpose of the project, unique idea and what problem they want try to solved. I see some advisor in more than 2 different ICO so they become advisor just want to attrack investor.
ICO advisors, while helpful aren't something which should force people into making an investment in a company or not. Advisors can only do so much, and in most companies they're only around for someone to get a nice paycheck, plus you don't want to have too many advisors as you're just wasting capital on too many people who are doing nothing.
They're important, though but people should know that a big name isn't everything. Everyone has had their own array of failed ventures.
They're important, though but people should know that a big name isn't everything. Everyone has had their own array of failed ventures.
Big names are what investors look into and this makes the project more attractive. It’s a marketing strategy and although looking into the credibility is more important, ICOs get advisors because it attracts more investors. Additionally, having advisors affirms that the ICO is legit because there are numerous scam ICOs these days. Advisors may have a minimal function but it definitely can be said that they are essential.
Blockchain can not be separated from the real economy alone, and those consultants should understand both cryptography and blockchain knowledge as well as understanding the real economy.
Some times, some of the advisors don't see themselves as part of the team or project and they might not really be committed to the project. I don't really believe in them to do much. What the ico has to do is to be true to their promises.
When most people evaluate ICOs, they consider the advisors. However, most are looking for big names in the crypto sphere. In my opinion, it's more important to look for industry experts outside of crypto. The goal of most blockchain projects is to gain usage and adoption in the real world, and expert advisors with credentials in major industries open doors to new markets. At the end of the day, when projects exhaust their ICO funds, they must earn revenues. What do you think?
ICO advisers are very important because with ICO founder ICO advisors can improve and get good direction and ideas to help make their ICO successful.
ICOs advisors in the ICOs projects is very important due to however the ICOs projects is needed experience of Dev team in expand of the businesses to be more grows up in the future, i think must there are ICOs advisors in the ICOs projects, it is something important for the ICOs to be sucessfull and it will gives trusting for the investors of ICOs due to they have experience of Dev team.
For me, ico advisors is important because they have tome anf expertise with reviwing ico that they knew will be good tovthe market. Ratings is also impotmrtant or feedbacks a good ratings for ico is investos will boost his knowledge to the coin that would like to invest. A reputable ico advisors is essential to avoid some ico scams and other not so good ico and you know that many or some ico has not good fundamentals so keep on eye and do research.
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