Should ICO have Advisors compulsorily? - page 3.

MonaLeeTracy

sr. member

Activity: 1092

Merit: 269

Quote from: ned.ryerson on April 07, 2019, 11:04:03 AM

Quote from: Fesatmas on April 07, 2019, 10:04:49 AM

I think the advisors need to be very important in the development of the ICO and when they sell they also have a special strategy from the advisor.

Of course, advisors are one of the most important components for a successful project. but I know the AZBIT project in which one of the advisers is the founder of Bitcoin.com. But the project still can not raise funds

actually the advisor is indirectly needed in developing a project. because the advisor is the person who manages a process for the project to run well. so indeed in my opinion every project certainly requires an advisor that must be there.

ned.ryerson

full member

Activity: 756

Merit: 101

Oikos.cash | Decentralized Finance on Tron

Quote from: Fesatmas on April 07, 2019, 10:04:49 AM

I think the advisors need to be very important in the development of the ICO and when they sell they also have a special strategy from the advisor.

Of course, advisors are one of the most important components for a successful project. but I know the AZBIT project in which one of the advisers is the founder of Bitcoin.com. But the project still can not raise funds

hellyah070

copper member

Activity: 196

Merit: 0

Quote from: jBrady on April 05, 2019, 01:59:22 AM

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

As far as I know, ICO is hiring their financial advisers and market adviser to be able to communicate and understand the market, to be able to be safe when market is unfavorable, and to be able to attract more people that will going to support their project. And that doesn't necessarily means they are compulsory. Hire as you can because you are the one who needs to pay them.

Bitbtc8

full member

Activity: 1148

Merit: 116

I think its a plus if an ICO have a advisor or advisors and if possible the advisor is a very popular person it might help the project in few ways like guiding the project to there success and making the project to be well knowned too and that doesn't mean that projects without advisors won't perform better

Fesatmas

sr. member

Activity: 2268

Merit: 275

I think the advisors need to be very important in the development of the ICO and when they sell they also have a special strategy from the advisor.

Muzika

sr. member

Activity: 980

Merit: 261

Quote from: jBrady on April 05, 2019, 01:59:22 AM

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

If a team can run the project the way they want and they can maximized their medium of advertisement and they can do what ever they need to do to have a smooth running ICO project they dont need any ICO advisor, as you can observe there were lots of ICO team that has an advisor and in the end the project went successfully and some were not but still they dont pay people, for me advisors are just and introductory that they need to gain the attention of the investors. Sometimes a good bounty manager can be an advisors for the ICO.

rijaljun

sr. member

Activity: 1274

Merit: 267

Based on your need. Do you really need advisor for your project to develope the platform? If so, then it is good to have some advisor on board. If you think it's enough for you by forming a founder and some engineer, then go on!

I think advisor of many project are just to push the tokensale and not really necessary nor a compulsory.

Tipstar

sr. member

Activity: 1848

Merit: 298

Buzz App - Spin wheel, farm rewards

I see no use of the so called Advisors.
No one comes up with idea to collect money for a project when they know nothing about it. It's not the advisor they need but the experience and determination in carrying out the project.
The so called advisors in crypto industry are mostly self declared crypto experts who just knows how to attract attention and raise controversy.

coin-investor

hero member

Activity: 2940

Merit: 593

Leading Crypto Sports Betting & Casino Platform

Quote from: jBrady on April 05, 2019, 01:59:22 AM

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

They are getting their advisor on Linkedin, and we all know that Linkedin had a lot of fake accounts and fake credentials so be sure to do a double check before you believe on what is listed in their credentials, so many are caught and posted in the scam sections.

george_hured

full member

Activity: 644

Merit: 101

No, I do not think that advisers are really obligatory characters. Today, this is probably a more optional procedure, because along with other projects, cryptocurrency today is not a completely transparent structure.

futile-resistance

hero member

Activity: 840

Merit: 516

Quote from: jBrady on April 05, 2019, 01:59:22 AM

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

It depends on the kind of adviser this ICO have, because I have seen a lot of ICO companies that list advisers that are not known in the world, this is not cool because an adviser should be someone that is very familiar with the crypto space and have gotten a lot of experience over time, at least if we are to see people that are well known in the crypto space as advisers, then we would be able to build trust within investors interested in the project.

EnormousCoin101

full member

Activity: 510

Merit: 100

BBOD fast, non-custodial & transparent Exchange

For me having an Advisors is a plus especially if the advisors are well-know in crypto industry though it will not give assurance that the project will succeed because it will still rely on the core team and how they will brought their idea into life.

melomanskiy

copper member

Activity: 504

Merit: 6

Advisors play an important role, but not the most important one when choosing a project. If the adviser has a good reputation and has cooperation with successful successful projects, you can consider the project you are interested in to participate in the ICO phase.

bttmember

member

Activity: 938

Merit: 13

AMEPAY

I do not think advisors are important i personally never put much weight to advisors when im analysing a project before investing for me this advisor thing is just for matketing purposes and to create trust that reputed names are somehow connected with this project, also if you sre impressed with a project and its advisor fo contact the advisor and ask his affiliation with the project do confirm with that person before investing.

Boombull

jr. member

Activity: 192

Merit: 1

Advisors does not means much to me because even scams projects do have advisors and advisors don't really have influence on how ICO spend raised funds but be that as it may, there are some advisors that any ICO they support always end well

hirngespenst

full member

Activity: 812

Merit: 114

Yes, advisors are important for an ICO project. Without some well-reputed advisors, no ICO can make success generally! But don't believe advisors by seeing their pictures. Have some research about those advisors and look at their success score, reputation and other things! A few days ago, I was researching an ICO project, so I found my Sydney was there as an advisor. Personally, I know Sydney, he is a trending ICO advisor. So, I asked him " are you really an advisor for that ICO? he replied no I am not, they out my picture without dealing me! So, to find a good ICO project, you need to go through many things, and don't fall by seeing the advisor picture, try to verify them.

Eildosa

member

Activity: 572

Merit: 10

I think that the team needs people with different competence. In order that everyone was engaged in the business and carried out the function. In this case, the project will be successful.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: demenBTC on April 05, 2019, 03:26:40 AM

yes, advisors have an important role in selling ico as controllers of token marketing, advisors with a good reputation will influence investor interest

I agree, the influence of the advisors affect investors. Aside from selling aspect, advisors are there to guide the project depending on their role, it is not good to just have a marketing advisor, they should have a complete package of advisors like legal advisors, financing advisors etc. These people as I said will guide them in every step of the project journey in delivering roadmaps and towards success.

Xmm

full member

Activity: 440

Merit: 100

I consider this a necessary item! A lot of questions arise for the team during an ICO and advisors can help with the right choice of decision on which the success of the project will depend on!

Mmesooma1

copper member

Activity: 150

Merit: 0

Quote from: jBrady on April 05, 2019, 01:59:22 AM

I have seen many ICOs' having advisors for namesake and only a few have for real. Can we believe a project based on the Advisors?

Or is it necessary for ICOs' to have Advisors before Token sale? Seen some using Bounty campaign to get Advisors.

I don't see it as compulsory. It can be a forgone alternative because its an area that can be handled if the team has robust knowledge and ample experience on the field. Or better still, one or two advisors are okay to minimise recurrent expenditure

Topic: Should ICO have Advisors compulsorily? - page 3. (Read 510 times)