Topic: ICO methods - page 2. (Read 1201 times)
You know there are many ICOs now , and most of them failed to reach its goals , if you want to run an ICO , you should answer people's concerns , some members will ask if you use escrow to hold the money , some will ask legal questions , if you do not have knowledge you can monitor how the successful ICOs are running . You can watch ICONOMI which managed to collect investments worth $5 million and it is still on going.
I am in the process of building a new coin w/ very strong privacy features and this has cost some money so far. I also want to hire a couple of people post-launch to further develop some mathematical ideas to achieve an even greater degree of anonymity. As I am confident that the coin has a pretty unique plan and some unusual features I was intending to raise some funds through an ICO. I have never done that before and I don't know what the best way would be and a method that people feel they could trust.
So, what are your opinion on how to arrange a reasonable ICO that would protect everyones interest. Through and exchange or an escrow or what?
And yourself can answer your question, and I think you're the candidate of a new developer man, and that is will be sued you for getting you ideas and the characteristic of your ideas. in this time a lot of people is see if releasing new altcoins will becoming a rich field. So, what are your opinion on how to arrange a reasonable ICO that would protect everyones interest. Through and exchange or an escrow or what?
Ask yourself these questions.
1.) Why am I doing this?
2.) What will the token or the coin be used for?
3.) Is the business development there.
Answer these and I will ask for more.
1.) Why am I doing this?
2.) What will the token or the coin be used for?
3.) Is the business development there.
Answer these and I will ask for more.
1) After doing some research on current privacy centric coins I have found that there are shortcomings and they would be relatively easy to deanonymise. Users are lulled into a false sense of security.
2) I can deliver a coin that will address some of these issues and deliver something with a higher level of real world anonymity for users
3) There is a potential for development of certain mathematical ideas and improvement of the coin, but not a business model as such. The ICO would cover the cost of getting from the first stage to a product that would be attractive for other developers to work on. In other words, I get the network up and running and it will attract enough interest after a while for developers to take part and move it forward.
U r basically asking How to scam in a way so that it appears legitimate?
No scam. I don't understand why you think everything is a scam without having any knowledge of the project whatsoever. I haven't told you anything so how do you draw that conclusion?
Depends on what kind of valuation you are shooting for. ICO's currently raise all money in one big swoop. There are potentially better ways to do it, so that you don't sell supply so early. I can detail the method if you want. Its usually easier to convince good investors earlier. If you're "going public" you need more than some ideas.
Ask yourself these questions.
1.) Why am I doing this?
2.) What will the token or the coin be used for?
3.) Is the business development there.
Answer these and I will ask for more.
1.) Why am I doing this?
2.) What will the token or the coin be used for?
3.) Is the business development there.
Answer these and I will ask for more.
U r basically asking How to scam in a way so that it appears legitimate?
I am in the process of building a new coin w/ very strong privacy features and this has cost some money so far. I also want to hire a couple of people post-launch to further develop some mathematical ideas to achieve an even greater degree of anonymity. As I am confident that the coin has a pretty unique plan and some unusual features I was intending to raise some funds through an ICO. I have never done that before and I don't know what the best way would be and a method that people feel they could trust.
So, what are your opinion on how to arrange a reasonable ICO that would protect everyones interest. Through and exchange or an escrow or what?
So, what are your opinion on how to arrange a reasonable ICO that would protect everyones interest. Through and exchange or an escrow or what?
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