Before ICO can be done, developers or startup companies are required to create a White Paper (White Paper / Proposal) that describes everything about the project that they will create. The White Paper contains all the projects that will be created such as:
What projects will be made?
How was the project made?
For what purpose is the project implemented?
Who will do and take full responsibility for the project?
What is the minimum fund needed?
What is the distribution of Rights and Obligations of Developers or Startup Companies and Investors?
little I know, sorry if something goes wrong..
Topic: Starting an ICO - the basics.. (Read 149 times)
An ICO literally stands for Initial Coin Offering. If you are just looking for investors for a construction business I highly doubt you would need to call it an ICO because doing so entails the use of blockchains and cryptocurrencies. Doing otherwise would probably just brand you as a "scam" in the eyes of the crypto public. I say probably because it would still depend on how you good your business and marketing plan is. Good luck!
Right, but can your prove where an ICO entails the use of blockchains? I get it has 'coin' in the acronym but I believe that it doesn't have to include blockchains for it be legit.
Like you said business and marketing plan seem more important. From my expierence looking at ICOs it seems a lot of the whitepapers include broken english, bad math, a russian board of directors and contact information that is usually the business adress in some random country - most ICOs are a scam.
Therefore, I believe that if you can present a solid ICO idea with a good business plan then blockchain or not people will believe in the idea. Agreed?
An ICO literally stands for Initial Coin Offering. If you are just looking for investors for a construction business I highly doubt you would need to call it an ICO because doing so entails the use of blockchains and cryptocurrencies. Doing otherwise would probably just brand you as a "scam" in the eyes of the crypto public. I say probably because it would still depend on how you good your business and marketing plan is. Good luck!
Plenty of non-crypto companies get started that way, but there is the catch that i don't think anyone is allowed to "invest" in such things and get shares out of it. It's a very regulamentated environment.
On the other hand, in crypto, you can sell "shares", coins to anybody anywhere in the world.
On the other hand, in crypto, you can sell "shares", coins to anybody anywhere in the world.
It would be better to start and ICO that are cryptorelated because it's the trend now and it's easy to invest without the KYC.
Just make sure your idea is good, something that is unique and would change the world for the better, have some good team that are known and has good credentials, some are just hiring those popular personalities as their adviser, that way you have some little exposure and your project would be notice.
But, remember the most important is to have the money to pay for the advertising because without it, even how good your project is, it won't be notice.
Just make sure your idea is good, something that is unique and would change the world for the better, have some good team that are known and has good credentials, some are just hiring those popular personalities as their adviser, that way you have some little exposure and your project would be notice.
But, remember the most important is to have the money to pay for the advertising because without it, even how good your project is, it won't be notice.
So going back to this - the regulated enviroment pertains specifically to the US. I've heard of making companies in the Cayman Islands because their defenition of a 'Security' is different than that of the U.S. The heavy regulation comes down to how a country defines a security.
Let's say I want to start an ICO that collects everyones investment and buys up coffee shops. The profits of those coffee shops can be returned to token owners on a quarterly basis as divdeneds - this sounds a lot like owning stock and therefore is a security..
Has anyone seen creative ways ICO's define tokens to make them as least 'security-like' as possible?
What are the requirements for registering an ICO?
Specifically, does it have to use 'blockchain' technology?
What's to stop me from funding a construction company with an ICO?
What im gettin at is how come all ICOs contain some form of blockchain something, is it possible to just have a brick and mortar business funded through an ICO?
If im in the wrong forum please correct me.
Thank you,
Specifically, does it have to use 'blockchain' technology?
What's to stop me from funding a construction company with an ICO?
What im gettin at is how come all ICOs contain some form of blockchain something, is it possible to just have a brick and mortar business funded through an ICO?
If im in the wrong forum please correct me.
Thank you,
Blockchain is very hot and ETH is the flavor of token most of them use. That is why so many are all about the blockchain.
It would be better to start and ICO that are cryptorelated because it's the trend now and it's easy to invest without the KYC.
Just make sure your idea is good, something that is unique and would change the world for the better, have some good team that are known and has good credentials, some are just hiring those popular personalities as their adviser, that way you have some little exposure and your project would be notice.
But, remember the most important is to have the money to pay for the advertising because without it, even how good your project is, it won't be notice.
Just make sure your idea is good, something that is unique and would change the world for the better, have some good team that are known and has good credentials, some are just hiring those popular personalities as their adviser, that way you have some little exposure and your project would be notice.
But, remember the most important is to have the money to pay for the advertising because without it, even how good your project is, it won't be notice.
The skills that got Bitcoin going, which you could say is the first ever ICO, is a super advanced knowledge of mathematics and some decent programming skills. It seems the only prerequisites to setting one up nowadays are the ability to setup a dynamic website, filling it with a whitepaper full of dressed up lies, writing a biography for some fake staff members you've made up and cloning current blockchain tools with a new name.
I have a few things to suggest to you:
1* Do not even think about running an ICO, you are not created for that.
2* Hire a team, if you do it by yourself, you are a going to lose all the credibility that your project could have.
3* Do you have funds? if you do not , then get out of here because you are not going to be able to develop it.
That are my humble advices to you, it is upto you to follow them or not.
1* Do not even think about running an ICO, you are not created for that.
2* Hire a team, if you do it by yourself, you are a going to lose all the credibility that your project could have.
3* Do you have funds? if you do not , then get out of here because you are not going to be able to develop it.
What are the requirements for registering an ICO? Specifically, does it have to use 'blockchain' technology?
What's to stop me from funding a construction company with an ICO?
What's to stop me from funding a construction company with an ICO?
That are my humble advices to you, it is upto you to follow them or not.
Plenty of non-crypto companies get started that way, but there is the catch that i don't think anyone is allowed to "invest" in such things and get shares out of it. It's a very regulamentated environment.
On the other hand, in crypto, you can sell "shares", coins to anybody anywhere in the world.
On the other hand, in crypto, you can sell "shares", coins to anybody anywhere in the world.
The only requeriments: Having a bunch of money to run a smoothly marketing strategy - A bunch of money to hire the adecuate team members (not the bullshit ones) - having a lot of money to do the rights of the project, whitepaper, marketing, seo, and so on.
What are the requirements for registering an ICO?
Specifically, does it have to use 'blockchain' technology?
What's to stop me from funding a construction company with an ICO?
What im gettin at is how come all ICOs contain some form of blockchain something, is it possible to just have a brick and mortar business funded through an ICO?
If im in the wrong forum please correct me.
Thank you,
Specifically, does it have to use 'blockchain' technology?
What's to stop me from funding a construction company with an ICO?
What im gettin at is how come all ICOs contain some form of blockchain something, is it possible to just have a brick and mortar business funded through an ICO?
If im in the wrong forum please correct me.
Thank you,
Jump to: