Topic: What functionality of ICO dashboard is important for the project? (Read 228 times)

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Thanks a lot for your comment! Do you mean all that projects updates should be available in the Dashboard user profile as well? As usual, teams posted such info within their social network profiles, as well as in their websites.

Thanks a lot for your comment. I agree with all of the aspect mentioned.
For example, all the functions are available at the proposed dashboard (icorecord.com)

Either of that option is applicable but with further development in the market implementation. One thing that I am finding on your thread is the trust that ICO can establish when people and usually investors are visiting the dashboard. In that case, ICO platforms and dashboard should also contain a segment wherein, updates and current meetings of the projects are occurring, awards and ico ratings are posted, team behind the project is explicitly stated, and lastly, market reviews and comments for the better trust development of the community.

The thing I want from an ICO dashboard is a link to receiving wallet/s. It's good to be following them. An regular update and news would help.
I'd also love to see if the partnership they promised are real, so a link to those agreements and documents would be helpful.
And an introduction to the people involved and their social profile makes me feel more secure.

To sum up, we think the legal aspect as very efficient during the ICO.  The legalization of ICO protects founders and participants and make the fundraising as well as project development easier and safer. If you are eager to avoid a set of problems with your project in the future you should think beforehand and make legally correct decisions. The best way is to address to the professional lawyer who will advise you all necessary actions regarding the company registration, opening bank account, tax issues and aspects regarding the legal subject of a token. 

It is also important to mention the main risks that you can face during your ICO:

1) The risk of incorrectly submitting financial statements.
2) The risk of incorrect company registration.
3) The risk to violate tax laws.
4) The risk of not obtaining the necessary permits from regulatory authorities.
5) The risk of blocking or arresting an account due to all sorts of suspicions.

Many founders don’t consider important to legalize the relationships with the partners and employees. It is better to conclude the contracts with the advisors, technical, marketing contractors. Such contracts protect both parties from the default of obligations and specified all necessary terms of the partnership. In such a way, you can avoid many problems that can arise during the ICO running.

There is a range of difference between the utility and security tokens. Each kind of token has its advantages and disadvantages. The regulations of the security token and utility token differ a lot. The security token is a digital asset that fell under the regulation applicable to standard shares with accordance with SEC requirements. So that if you decide to issue security tokens you should be ready to additional legal requirements which depend on the chosen jurisdiction.

Also, a token can be regarded as:
- an asset or commodity;
- foreign currency;
- means of payment ;
- services;
- bonus points.

The subject of a token in legal terms depend on the legislation of the country where the ICO is run. For example, the Australian and Japan governments stated that token is a means of payment, while the government of Argentina considers token as foreign currency.

Thanks a lot for your comment! The functionality described meets market demands and we don't insist on using or not using KYC procedure. The tendency of the market is to prevent money laundering with the help of ICO instruments, so some projects regard the KYC procedure as very important during ICO running.
I totally agree that the transparency of the information about the team members is one of the main aspects, as the investors need to be aware of their professionalism and serious intentions not only during presale and crowdsale periods but mostly at the implementation stage of the project. The investors should have all necessary information in order to make the right decision.
Could you please also answer if there are any other functionality described that "waste investors time" ? Thanks!

I don't agree with you that all of this things are necessary in an ICO dashboard, I just see them as activities used to waste investors time so that they can carry out their plan swiftly, I am actually talking about KYC, I haven't seen any reason why an investor would have to carry out KYC before having access to his/her coin when the crypto market is a free one. The individuals who needs verification are the team behind the project.

In order to run your ICO legally, you should think about the following aspects:

- choice of jurisdiction;
- the subject of a token;
- the legal framework of the relations with partners and employees.

The best way to choose the right jurisdiction is to address to a professional lawyer as the climate for the startups running the ICO is changing rapidly in different countries. The jurisdiction designates the legislation that your registered company will be felt for. It is very important to make the right choice and understand all pitfalls as well as to be ready for the number of expenses for company registration, opening a bank account and so on. Many founders are avoiding this step, considering that this is just additional spendings that can be used for other aspects of a project. But the truth is that if you are aware not only about the fundraising but for the future development of your product this legal aspect is very important in order to avoid any unnecessary legal proceedings.

Thanks a lot for your comment! Yes, our client was https://adabsolutions.com/

Interesting, do you have a past client or an existing one, that have used your service I'm not going to launch an ICO of course, only wants to know how good is the dashboard and it is really solving some of the issues in launching an ICO, if this was launch in ICO heyday this could become a big hit.

During the boom of ICO over past years, many founders have fallen under the impression that there is no need to meet any legal requirements as decentralization considers the lack of regulation. But the truth is that we don’t conduct the business in the ideal decentralized world. There is a tendency among governments to create a set of rules and practice to control the operations with cryptocurrency as well as the ICO running.

The blockchain has brought the revolutionary approach to the global economy. Nevertheless, this technology is developing, transforming and implementing in the business life now and there are still many aspects in such a process. For example, you for sure will need to legalize funds raised during ICO in order to withdraw them into a bank account in fiat. The most services still should be paid with fiat money so you need to be ready for this. You need to pay for the office rental, means of communication, business meetings and so on. Also, in order to protect yourself, you need to think about bookkeeping after the ICO as well.

The ICO running always consists of three integral parts that should be taken into account by founders. There are marketing, legal and technical aspects. All of them are important and the founders can’t disregard any of them. We want to distinguish the technical part of the projects in the ICO sphere.

The dashboard is an important instrument for your ICO. The well-developed and complicated dashboard enables to complete the set of tasks that will save your time, money and efforts. The main aim of the dashboard is to automize the acceptance of the currencies during fundraising. Nevertheless, it can also have a range of functions that will cover efficient technical aspects during the ICO. So what functions are important? 

Transactions

The main and most important function of the ICO dashboard is the acceptance of funds invested by users. That’s why the dashboard should let users make transactions in the most convenient way by depositing a different kind of currencies. The well-developed dashboard enables to carry out the transactions in more than 40 currencies.

Investors panel

Investors panel is the dashboard for the participants of your ICO. It should be user-friendly and establish secure and trusted individual communications with the investors. As usual, it contains the following sections:

The panel where the user can invest his funds. It should enable to accept different currencies in order user can choose the most convenient way to make investments. Also, it lets the contributors see token balance right in the panel.
Main info about the user. Such section contains the personal information about the user such as the name, ETH and BTC accounts, phone, country address.
KYC section. If the project requires KYC procedure this section enables to upload the personal documents and add descriptions on them.
Airdrop section, where the user can take part in the airdrop of the project.
Affiliate section. With help of affiliate section, the user can take part in the affiliate program and get his bonuses.

Email campaigns

The email campaigns function aims to automize the mailing process during the ICO. It helps to customize and schedule email campaigns to work with the segmented database and to increase conversion. The founders don’t need to send emails manually or address to the external services providing mailings. So such function enables to avoid additional expenses and save the time.

Airdrop Engine
 
We have already mentioned the importance of this function describing investors panel. Airdrop is a quick way of the extensive attraction of potential investors. It helps to increase the number of registered users of the project by free token distribution. Also, airdrop engine enables quick community engagement and create a database of participants who can invest more funds in the future. 

Affiliate Marketing

Affiliate marketing enables to stimulate users, to create a friendly environment among partners and get a stable, additional income. This function of the dashboard helps each member of the community to track detailed affiliate statistics. After registration on the ICO website, the users receive a referral link and a proposal to invite friends, colleagues, relatives and get additional tokens.

KYC procedure

Know Your Customer, or KYC is a set of identification operations used by founders of the project to counter fraud, theft, money laundering and the financing of illegal operations. KYC during the generation and sale of tokens makes it easier to work with banks and to comply with legal norms against money laundering.

Social Stats Tracking

This function enables to track the social statistics of the interested projects automatically. The founders can always be aware of the situation of other ICOs by taking no efforts, just adding the project info to the dashboard social track section.

Bonuses system

ICO projects always have different stages. The earlier the stage the more advantageous conditions are proposed to investors. A good dashboard should charge bonuses automatically according to the selected stage. Such bonus system providing by the dashboard make the relations with the investors transparent and friendly.

Segmentation

The function of segmentation makes easier to communicate with the users by dividing them into different groups. The groups help founders to provide additional discounts to the investors as well as some special conditions for the definite group.


To sum up, we recommend you to chose the dashboard accurately taking into account the above-described functionality. By choosing the good dashboard you will solve a set of technical problems that can arise during the fundraising and after it. The user-friendly interface, complicated functionality and professional dashboard developers will support the project and help to gain the success.

If you are interested in ICO Dashboard, please visit our website https://icorecord.com/