Topic: What do advisers in ICO really do? (Read 202 times)
Hello!Advisors job in ico is to do best advertising for project,like Ronnie O'Sullivan in betterbetting he advertise the project in many celebrations,events and help whole idea go forward.I think project pay advisors simply to get popular face to represent the project in highlights,simply.
We sit back and collect. Advising ICO's is tremendously easy, if you have knowledge about everything-crypto related. The most difficult thing, is building the connections, then you get passed around like a whore. 
how much do these companies pay advisers? and is it a full time job
The advisers are professional in their own industry.
More often an advisor is just a famous person within the sphere in which an ico is being held - a banker, a professor, an engineer. And their main task is to sell. They are a kind of VA Angels 
but normally they are dressed:))
but normally they are dressed:))
Actually we dont now. Many people just interest their money. Not really doing a job.
Yikes. Any company relying on advisers for a lot of the stuff mentioned here is not going to be very successful long term. Advisers should be giving advice on specific important topics that the business doesn't necessarily need a full time employee for. They also might be mentoring senior team members. Anybody relying on advisers for most of the heavy lifting is in serious trouble.
I also suspect a lot of them are just on board to provide an appearance of legitimacy for a project with an otherwise weak team.
I also suspect a lot of them are just on board to provide an appearance of legitimacy for a project with an otherwise weak team.
There are different types of advisers. Some take part in bounty companies, give advice, share their experience with developers. Others simply are an advertising face. Almost nothing is done and does not interfere.
Advisors as far as i know are the people who are deciding which are the best thing that the team should do,strategy makers,financial managements,and development managements are the most common things they are doing,they can be called as the BRAIN of the whole project,they will decide how the whole team will develop,and they are the main key for the ICO's success.
All ICO's have advisors, some of them, a lot of. Can explain, what they really do?
Advisors are people that have huge experience in development, marketing, founding companies etc. and help team in fields that they specialize. And they make good advertise, many people invest in ICO without even reading whitepaper, just looking on famous names in advisor board.
ICO advisors are those people who focus on the development of any given project , they orient the whole stuff ( whose are part in ) by giving piece of advice & instructions aiming for taking the right way of projects in order to maximise its success
The advisers are professional in their own industry. They know the development and the future of their own field, for example, the green energy. it is good for the development strategy of the team in ICO stage.
The project advisor, relying on his work experience, first of all turns the idea into concrete steps that will lead to the specific goal of the conceived idea. The result is a road map! After analyzing the step-by-step program, other people join the work team, such as investors, technical experts, lawyers.
All ICO's have advisors, some of them, a lot of. Can explain, what they really do?
Advisers are... giving advises according to their expertise
Like when the team should conduct the ICO. What are the perfect specific to project length of ICO, soft cap and hard cap, bounty size, what to include in WP, etc.
Thank you cryptocue.
I saw ICO's with 2 team members and 12 advisors, and antoher with 16 team members without advisors.
Does this mean the quality of the project?
Thats insane,only two people in the team and how will expect those two will carry all the development,not even possible for these two to handle a single twitter campaign alone that campaign will surely more in theories,not going to work anyhow so you know what to do,stay away from that campaign and find better,theres a lot of promising campaigns out there. I saw ICO's with 2 team members and 12 advisors, and antoher with 16 team members without advisors.
Does this mean the quality of the project?
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Just as the term suggests: advising!
They are supposed to help developers make the right decisions in marketing/legal/technical/etc matters. But be careful, some projects just put a name on their advisors list to gain hype and fame (many ICOs did that to Vitalik last year).
They are supposed to help developers make the right decisions in marketing/legal/technical/etc matters. But be careful, some projects just put a name on their advisors list to gain hype and fame (many ICOs did that to Vitalik last year).
Having some advisers is good. It helps give legitimacy to the project.
We sit back and collect. Advising ICO's is tremendously easy, if you have knowledge about everything-crypto related. The most difficult thing, is building the connections, then you get passed around like a whore.
Thank you cryptocue.
I saw ICO's with 2 team members and 12 advisors, and antoher with 16 team members without advisors.
Does this mean the quality of the project?
I saw ICO's with 2 team members and 12 advisors, and antoher with 16 team members without advisors.
Does this mean the quality of the project?
It implies that the project has a lot of ADVICE, but it means nothing in terms of guarantee. I will tell you this. Advisors are actually marketing tools. They bring onboard recognition and their own personal networks, so by association, the ICO seems to be "big" and "legit". If the advisors are all low quality it does not matter if you have 1 or 16, but on the other hand 1 good advisor brings in a lot of networking. McAfee can be advisor and your ICO will be big. Why? He says buy and all his Twitter followers buy.
Have some good idea and to execute it both things very opposite to each others. A good advisor can take an ICO, which tends to be no more than a vague idea at the beginning, and help build a road-map for the ICO, the proof-of-concept, and actual production. The reality is that between idea and production, there is a lot of work and a little luck. The unsettling truth is that most ICOs today will fail. For an ICO to be successful, it must have the right people either running it, advising it, or preferably, both. Taking the time to research who will be giving the advice may give you insight into whether the ICO will succeed or whether it is an unsustainable promise. While it is impossible to know with 100% certainty if an ICO will fail or succeed, paying attention to the red flags may help you to safeguard your investments and reduce your risk.
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