How Much Does It Really Cost to Launch an ICO?

Hammonds

sr. member

Activity: 532

Merit: 250

Quote from: Ifeakinola on August 10, 2018, 07:20:08 AM

I don't intend to launch a shitcoin that won't be listed on a good exchange and have silly names like TrumpCoin, PutinCoin and the likes. Is it really just a shitty whitepaper and an even shittier website and you are ready to go? Since the majority of the projects don't have a proof of concept and they purportedly gather millions. Or then again are they just inflating the numbers and simply lying that they raised several millions of dollars?

It takes time and hard work to create a good ICON.
Also need a lot of money to create a server or pay experienced advisors.

Destroyeroff98

full member

Activity: 574

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Quote from: Ifeakinola on August 10, 2018, 07:20:08 AM

I don't intend to launch a shitcoin that won't be listed on a good exchange and have silly names like TrumpCoin, PutinCoin and the likes. Is it really just a shitty whitepaper and an even shittier website and you are ready to go? Since the majority of the projects don't have a proof of concept and they purportedly gather millions. Or then again are they just inflating the numbers and simply lying that they raised several millions of dollars?

On a good project will have to spend a lot of money on advertising. This will be the main expense.

keykey1

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Activity: 406

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Quote from: Ifeakinola on August 10, 2018, 07:20:08 AM

I don't intend to launch a shitcoin that won't be listed on a good exchange and have silly names like TrumpCoin, PutinCoin and the likes. Is it really just a shitty whitepaper and an even shittier website and you are ready to go? Since the majority of the projects don't have a proof of concept and they purportedly gather millions. Or then again are they just inflating the numbers and simply lying that they raised several millions of dollars?

Of course now many lie and overestimate the amount to raise funds because in this situation the market for crypto currency is very difficult to obtain investment even in a good project.

Grifosha

jr. member

Activity: 350

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Revolutionising Marketing and Loyalty

Quote from: Ifeakinola on August 10, 2018, 07:20:08 AM

I don't intend to launch a shitcoin that won't be listed on a good exchange and have silly names like TrumpCoin, PutinCoin and the likes. Is it really just a shitty whitepaper and an even shittier website and you are ready to go? Since the majority of the projects don't have a proof of concept and they purportedly gather millions. Or then again are they just inflating the numbers and simply lying that they raised several millions of dollars?

Some lie, others collect money and disappear. Now in the field of ISO, order begins to appear. Many investors simply do not go to shitty projects and they simply do not collect anything.
In my opinion, the time passed when it was possible to write a smart contract, make a website in five minutes and collect a million.

kewlc3s

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Activity: 672

Merit: 140

It depends on your skills or team that you are working with.
But I believe with 500$ you are able to launch an ICO easy.

Main part of budget will be website, all rest could be managed by yourself.

Manager, whitepaper, bounty. Pay commercials with future tokens.

So.. ICO nowadays not the same like even year ago.

mikyadel

full member

Activity: 448

Merit: 100

Arabic Translator

First of all , Are you planning to make a real-life application or just another shit useless coin with no actual use ?!
if you intend to make good coin then you should do the following :

- at least 2 developers with 6-month contracts
- one quality assurance engineer to test the code for bugs
- one content writer to write white-paper and social media posts
- at least one online marketer to handle marketing campaigns
-one project manager to handle all these parts together

i didn't write salaries for each personnel as it depends on your Geo preference.

therhslv

sr. member

Activity: 1022

Merit: 264

Quote from: Ifeakinola on August 10, 2018, 07:20:08 AM

I don't intend to launch a shitcoin that won't be listed on a good exchange and have silly names like TrumpCoin, PutinCoin and the likes. Is it really just a shitty whitepaper and an even shittier website and you are ready to go? Since the majority of the projects don't have a proof of concept and they purportedly gather millions. Or then again are they just inflating the numbers and simply lying that they raised several millions of dollars?

Nowadays you can launch your token/coin with like 10$ if you know what you are doing . But to launch ICO then you need website (10-20$) , Whitepaper ( Will take a little time to write it by yourself ) , Domain name (10-20$) . So basically people can launch ico with Under 100$ in pocket and raise like millions lol . But as i see now alot of projects stop the Ico's cause of regulations . You need to be smart to collect millions without regulators noticing you and run away

coinbirds

full member

Activity: 588

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It is like if we ask how much does it cost to build a house?
How big, for what purpose, which material, and many other questions to be asked to get the answer.
To launch an ICO with a working product you need a team for it (developers, programmers, marketing team advisers etc.) and it will cost you.

valek.bruno

full member

Activity: 728

Merit: 104

I can not give an accurate estimate of how much will really be required for development, but I think that all the money that is currently on the market is very heavily inflated, because such money is clearly very large for the project.

joel123

newbie

Activity: 123

Merit: 0

There is no specific amount fixed for launching an ICO, I suppose. I just think that it really depends on the project, what it is about, and what is needed to achieve its primary goals. FOr some projects, much funds might be needed, for some others, maybe not so much. It really just depends. In addition, it might also depend on how much the team members are willing to put into it to make it a success.

blackandwhite89

newbie

Activity: 112

Merit: 0

The expense to launch your ICO project it totally depend on what kind of project you are going to dig in. There are lot of factors related here if you are thinking of some serious project.

bitcoindiary

newbie

Activity: 84

Merit: 0

With a good project to start off it takes a good amount of expense actually. The entire thing is highly depends on the project. Always remember a good team is the driving force of any ico project that will make you profitable.

Bay_Harbour_Butcher

full member

Activity: 728

Merit: 101

this of course varies depending on the type of ico project itself, in fact we can estimate it ourselves, which is seen from the softcap planning they determine, so if the softcap is achieved then the project will continue

CoinOnTheBeach321

newbie

Activity: 56

Merit: 0

It completely depends how your project is and what things you need to offer a complete project. Your prediction about the cost is for pretty big project.

cryptocoinshunter007

newbie

Activity: 84

Merit: 0

First of all you need to decide the type of your project. I think for a good project with a long term vision you will have to invest a big amount. But for short term projects the costings will be less.

goldencrypto7100

newbie

Activity: 182

Merit: 0

Different projects need different kinds of investments. So it will be depended on you. I think you should make your visions clear then you will be able to find out your costing.

flowers5

member

Activity: 192

Merit: 10

To get a shitcoin project off the ground does not take much effort or funds. Hell you can even market it with bounty hunters. The set up for crypto is pretty awesome. Just need to navigate the bs coins.

BlackandRed654

newbie

Activity: 294

Merit: 0

It varies from project to project. If you are going to make a good project then you will need a good amount of investment. But for bad projects you won't need a lot of money.

darthmaul

sr. member

Activity: 714

Merit: 252

I am sure an ICO can be started with couple of thousand dollars if you want a ready made set up. There are few threads in the services section where people are offering service like
"Creating coins for your ICO"
"ICO PR/Marketing team for your ICO"
"ICO Signature/Avatar and logo design for your ICO"
"Bounty manager for your ICO"
"GitHub programmer for hire"

and much more. So what does it take to pay them all? May be a couple of thousand all together and you are ready to go to raise millions of dollars for your ICO. As soon as you launch the stuff, people will start jumping in and you are already millionaire. Roll Eyes

BlackFly

newbie

Activity: 41

Merit: 0

If your ICO is really good, secured and well coded then it will cost you a great amount of money. There are many articles on the internet you can take a look.

Topic: How Much Does It Really Cost to Launch an ICO? (Read 686 times)