Ico team salaries | Bitcointalksearch.org

Turkiwi

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Activity: 117

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Quote from: cryptomartin on July 06, 2017, 02:39:44 PM

Hi guys!
I am curious about what is the average salary for each of the ICO team job positions. Maybe someone have some information about that.

Advisors, Developers, Community managers, Marketing managers?

It depends on how much money they are raising, if they raise 100 million for example they'll get much more than raising one million (duh). The point is that team members are usually being paid percentage wise, so for example if the total allocation for a project is about 10% (of the total token supply) I can expect that about 5% is distributed to the team and 5% goes to the founder/CEO. If the team is big, people will receive much less, for example if the team is about ten people, each one will receive about 0.5% which can be a lot, depending on how much the project raises. If the project is relatively big and raises, let's say 30 million, that team member will get about $150,000. Usually that money is not given right away, but vested for a couple of years, if the vesting is, let's say 12 months, they'll receive about $75,000 in the first six months, and the rest $75,000 in the second etc.

p i e c e

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Honest projects give all the information about their teams’ salaries. They are usually paid by sponsors on the first stage, and after they are supposed to get money in crypto or tokens. Anyway it depends.

rainbow169

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Not sure the exact number, but I think if the team members has exposure to the tokens, then they may choose a lower salary, this is just like startup with stock options, but token can be sold much easier than stock options I guess.

Abdelirius@Tokeny

newbie

Activity: 15

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Quote from: CryptosapienZA on November 03, 2017, 10:34:20 AM

Quote from: cryptomartin on July 06, 2017, 02:39:44 PM

Hi guys!
I am curious about what is the average salary for each of the ICO team job positions. Maybe someone have some information about that.

Advisors, Developers, Community managers, Marketing managers?

Most don't take a salary. Remember most of these ICOs are start ups. Most have zero seed money, hence they do an ICO to raise funds. There will be a certain number if tokens allocated. They just split the coins that have been allocated to the team. On the ICO s I have seen its usually 10% to 20% of the total tokens. So in the end it all depends on the success of the project. It it does well, then the tokens are worth a lot... If not, the tokens aren't worth much.

I disagree. An ICO campaign takes money to put in place. From preparing all the content to attending conferences to developer costs of designing the software and creating an alpha or an MVP, all those things cost money. What usually happens is that the ICO founder initially goes to small investors to get a certain amount that will help them launch a decent ICO campaign. Once they obtain that amount they divide it among various resources depending on where they see their priorities. So the salaries are not something fixed and I don't even think it's something ICO launchers discuss publicly. It's really up to each founder's discretion and the worker's willingness to work.

Then again, most ICOs will go for freelancers so you if you want to have an approximation check out the hourly rates of those positions on freelancing websites

ETHivan

newbie

Activity: 26

Merit: 1

To run an ICO you should have at least $100k. 70% of which is for pr&marketing and the rest goes to developer salaries & admin expenses.
Salaries depend on GEO where you hire people. US&Western Europe are expensive, Asia and Eastern Europe are cheaper.

NorihiroName

full member

Activity: 420

Merit: 101

Quote from: okissabam on September 13, 2017, 10:28:07 AM

I think they settle a certain amount for paying the important people, of course the salaries would depend on the level of experience you have and I highly doubt anyone would divulge and tell how much their salaries are. But if you have the guts to ask this question to the people involved then why not try then. Why were you curious in the first place? Are you trying to apply for the said position?

It is funny, but as I know - sometimes bounty participators get more $ per month than community managers and other staff of the ICO's and projects. I dunno how it happens, but that's the thing I heard from my friend.

noodle_dam

hero member

Activity: 530

Merit: 500

Apart from token shares for the team, I think most ICO's are using freelancers and outsourcing as much as possible. I'm thinking for content, marketing and so on. The close team might be on a real paycheck but even those are with the "you'll get coins when we launch" kind of agreements.

BariaczRoni

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Activity: 266

Merit: 10

Usually the all team have 5-20% token sale share. Then they will split that share for their member. Advisor mostly dont get those share, main devoloper will get the most share.

Gontxi

sr. member

Activity: 966

Merit: 250

Quote from: cryptomartin on July 06, 2017, 02:39:44 PM

Hi guys!
I am curious about what is the average salary for each of the ICO team job positions. Maybe someone have some information about that.

Advisors, Developers, Community managers, Marketing managers?

I think they will get great reward from the reward for the team. what else if ico succeed, maybe they will get bonus. but I dont know how much they can get.

ibininja

member

Activity: 490

Merit: 10

It would depend on the understanding of the team prior execution. The rest would just fall in place. That is why it is important to consider the team behind the ICO because it would mean they will be able to execute. True they can always hire the right people. Then you need to spend aloooot of money to get the right people on board. So how much they get paid is contingent on what they need to spend on.

barlo357

full member

Activity: 574

Merit: 100

I actually don't have any idea about their salaries but I think they're earning a lot of money. Because of course, they're part of the team.

housebtc

sr. member

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Merit: 252

I don't think most of them get paid in Fiat but they all have tokens percentage allocated to them and have vesting period. Those that get paid are the main developers that work on the platform, but these list above always have private information like inside trading that help benenfit them when they want to sell their tokens

CryptosapienZA

full member

Activity: 378

Merit: 101

Quote from: cryptomartin on July 06, 2017, 02:39:44 PM

Hi guys!
I am curious about what is the average salary for each of the ICO team job positions. Maybe someone have some information about that.

Advisors, Developers, Community managers, Marketing managers?

Most don't take a salary. Remember most of these ICOs are start ups. Most have zero seed money, hence they do an ICO to raise funds. There will be a certain number if tokens allocated. They just split the coins that have been allocated to the team. On the ICO s I have seen its usually 10% to 20% of the total tokens. So in the end it all depends on the success of the project. It it does well, then the tokens are worth a lot... If not, the tokens aren't worth much.

zxcv cool

member

Activity: 134

Merit: 10

Developers pay not very high, project sponsors can make a lot of money, and now many projects are tens of millions of dollars, so they are profitable.
Shocked

EthereumBoy

newbie

Activity: 28

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If you want run ico save huge amount of cash. Marketing cost around 1,000,000$ and workers cost other 1,000,000$ so dont start ico. Icos are scams and 0.1% of them realy make it. If you want spen 2,000,000$ send them to me and I can spend them. Dont think about making ico. PLEASE.

artbtc

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Activity: 84

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Envion - Highest ROI crypto infrastructure

Quote from: cryptomartin on July 06, 2017, 02:39:44 PM

Hi guys!
I am curious about what is the average salary for each of the ICO team job positions. Maybe someone have some information about that.

Advisors, Developers, Community managers, Marketing managers?

This will also depend on whether you hire in-house team or outsource. With outsourcing an agency for at least part of the ICO-related management, you can optimize these costs. Plus combining a salary with a success fee is always a good idea.

weredo911

sr. member

Activity: 270

Merit: 250

Quote from: cryptomartin on July 06, 2017, 02:39:44 PM

Hi guys!
I am curious about what is the average salary for each of the ICO team job positions. Maybe someone have some information about that.

Advisors, Developers, Community managers, Marketing managers?

I think they will be paid by tokens. Because this is a new project. The fund must be used for developing of projects, not for salary. After project succeeds, they can sell tokens to earn money.

ico41

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Activity: 82

Merit: 13

Nothing in the cry of cicadas suggests ...

Quote from: 13abyknight on September 13, 2017, 09:49:19 AM

Quote from: YodaYoda on July 06, 2017, 03:04:14 PM

Quote from: shifty30 on July 06, 2017, 02:43:23 PM

whatever the ICO manage to raise divided by the amount of team-members

Haha! Great one!

To answer the question: if you are a founder, then you should not even take out a salary. The ICO tokens you get is the compensation you should enjoy, and the tokens should be distributed in a vested form, with a long term vesting period and cliff issuance. If you take out any salary, it should be well below market salary, imho. If you go over market salary, and you don't produce in the ICO, then investors can go after you legally.

Very well said. The whole point of ICOs is to raise funds towards project development and not even a part of funds raised should be taken as the 'salary' for anyone either the employer or the people working under him. Most ICOs hold a good amount of coins for 'the team' and this should be their takeaway from the project for all the work they would have put into it. It would be a blunder if the funds raised in the ICO were termed 'salaries' for the team and they fail to show any signs of developments towards the project at hand which is happening with a lot of projects lately.

I'm not sure I agree with this - or maybe I misunderstand. As a project manager of software development projects, I work between 40 and 60 hours each week. I am paid a salary for these hours each week, which is how I pay my bills, feed my family, etc. If I were to plan and execute an ICO for the purpose of funding my project, and I switched from my job to managing the software development of this project over the next year or two, how would I pay my bills and feed my family? Am I supposed to somehow work on the project for free? When you allocate funds on an ICO to the development of a project - especially the development of the software project, what, exactly, are your major expenses if not the salary of the team that is building the software? Servers? Not really. Development Tools? I don't think so. Those are tiny fractions compared to the human resources that are your project managers, senior and junior developers, engineers, and even business people that might need to help you market the use of the token you are creating. So ... not really getting what the money is supposed to be used for if not even a part of the money raised should go to salary. Am I missing something there? Thanks...

maman09

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Activity: 560

Merit: 250

Quote from: cryptomartin on July 06, 2017, 02:39:44 PM

Hi guys!
I am curious about what is the average salary for each of the ICO team job positions. Maybe someone have some information about that.

Advisors, Developers, Community managers, Marketing managers?

I do not know. and not interesting to know. lol

I think they get a big salary and benefit from their involvement in the ico project.

Denies

full member

Activity: 532

Merit: 170

if I know it I will not hesitate to tell you. but obviously this is a question for me personally and very curious.

Topic: Ico team salaries (Read 1651 times)