Topic: Launching a new cryptocurrency in the field of aircraft manufacturing - page 2. (Read 308 times)

Personally, my opinion about your interesting business model will be unambiguously positive. Since any business proposal will always be considered with special interest. And the creation of a super unique aircraft for the general public needs a more professional team to work at the highest level.

Tank you. what is your suggestion? What do you think about it?

In the aviation industry it seems that cryptocurrencies have been entered, even they are already at the top when you are just starting out, well I suggest for you it would be better to look for another concept, I know the concept is good, but the funds from the ICO alone are not enough to fund you.

I think that we couldn't explain the project.the technology and science are going to improve the quality of life and make it better and at the other side it reduce the elapsed time. We are going to build aircraft that you can buy as much as the price of a car. You can travel by air plane and tha t would be at least half of the car this mean lower fuel Lowe environment pollution lower carbon produce Lower global warming and save time and this is just the beginning

Hi thanks for your answering. In fact, our focus is on making it possible for the general public to fly, not just the 5% of the population. We have considered many capabilities in this project. Among these features, I can mention the autopilot, which makes flying easier. In addition to these capabilities, we have worked on ways to reduce production costs. Reducing production costs leads to low-cost aircraft, making it possible for at least 70% of people to purchase aircraft. It is necessary to mention here that we do not reduce the quality of the parts in any way. So we focus on producing high quality, low cost aircraft. On the other hand, these private planes will have a capacity of 4 or 8 people. This limited capacity leads to the production of low-cost aircraft.
Also thanks for sharing your opinion about angel investors or VCs ,I will think about them.

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Hello, thank you for sharing your opinion. In fact, we started by focusing on the production of aircraft parts. But once we were confident in our design ability, we realized that we could design a complete aircraft. We also worked on an advanced autopilot. When we were working on the autopilot, we realized that it would be better to use this autopilot on a modified aircraft. So we worked on designing a new aircraft. On the other hand, in addition to this design, we also estimated the cost of the design. The fund of this project is not a billion dollars. In fact, the project will fund less than $ 50 million.

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Hello. Thanks for sharing your opinion. I think I did not explain well. Because we do not intend to do anything illegal. And in similar projects, this method has been used for financing. But thanks for your comment, I think we should add a lawyer to the startup team.

[moderator's note: consecutive posts merged]

Why did people start to think of cryptocurrencies funding ( ICO as a model) as shares that are printed to finance a specific company or activity?
When the ICO appeared, its main purpose was to help the project owners to promote that project in exchange for giving a share of the project to those who help.
That share is distributed through smart contracts and ensures a decentralized distribution of coins.


What you are trying to present here is a model of shares for a specific economic activity, but they are illegal shares and need to be audited, and therefore they are high risk and may not have value.
Continuing with such activities will classify your project as a scam.

This project is worth a billion dollars fund to contract manufacturing factory for aircraft. There's no way an ICO can possibly fulfill your financial needs even though you're claiming that you will build a low cost project since your success depends on your output profitability. In business perspective, No one will gonna invest on this kind of idea because its a too good to be true to become a sustainable business.

Why not focus on aircraft designing rather than manufacturing which requires tons of funds to make it feasible?

I am suggesting that you look to the general aviation industry and find out things that need improvement and from there come up with innovations that people can use and can benefit the whole industry. Building an airplane can be a type of a dreamy idea but if I am located somewhere else what benefit will that bring to me? In other words, the appeal of the project is too narrow and there are so many technological aspects of the project that you have to go through and you need to bring true experts for that...otherwise the project will just stall somewhere and will not take off, so to speak. Use that desire to come up with a solid project with desirable use-cases.

Thank you! I was about to make that observation too. I won't touch any project that goes into an ICO, no matter how promising that project may seem. I've been bitten and beaten by ICO scams that I dread them like leprosy. OP, it would be much in your favour if you took your project to IDO and find a reputable launchpad for it.

You can't be too sure of that. Any new finding or invention will always interest minds that are curious. I've bought into a project that's into crude oil accounting. One would also wonder what use case that project has. But it has. And I see that project doing well.

Please don't take ICO route for two reasons. First, ICO is dead. People don't prefer to buy coins from ICO anymore so the chance is very high that your coins will remains unsold. Secondly, the use case is not something to interest a common people. If you are building an aircraft, your target customers will be the wealthiest 5% of the world, not a common people. Also in this field, the competition is huge where we already have big companies like Airbus, Boeing, Dassault etc. which years and years of experience. So it's very unlikely for your startup to remain in business due to such steep competition. So the chance of failure is quite high. Personally I wouldn't invest on your idea.

If you have planned to set up an ecommerce store, that would have been a different story. I think you better go to angel investors or VCs. ICO wouldn't help you at all.   

Hi tank you for answering. We are going to build the aircraft and make this available for all people to own their airplane to use for travel and enjoying. I think the dream of fly and become pilot is the most popular dream for every body.

I don't see how a startup will compete with giants like Boeing and Airbus, but A for effort.
It would have to be a significant raise, because just 1 plane is in the ballpark of 100m+

Is it that you're compromising the safety of a plane if you're just going with a low cost production? I think being in aircraft business is one of the most expensive cost in manufacturing and if you're saying that there's a way about low cost yet high safe in standard, you should give the idea on how that works. It is because we're not all experts and fond of the knowledge about aircraft business and manufacturing.

I don't think you need an ICO but you need a series funding if you really are going to work on this project.

Sorry to say but this use case is not necessary in crypto space today, even if your project gets some attention very soon it will fade away real quick, there are few crypto projects that are into flight utilities, using the token to pay for flights which is still better compare to yours.

Hello
In this topic, I want to introduce our startup and also know your opinion about this idea.
This startup was created with the idea of ​​building an airplane for the general public.
So we formed our design team and designed the ideal model with low production costs and high safety. In this design, flight comfort for the pilot is well considered.
In order to finance this startup, we intend to launch an ico. In this topic, we are going to introduce this startup, so I want to know your opinion about this idea?
Also our team needs a new member in the field of cryptocurrency
Also, I would be thankful to know your experience in setting up ico