WHY DO THEY NEED ICO? - more thoughts on authenticity

Liqbo

jr. member

Activity: 130

Merit: 1

Quote from: rey.fudz15 on January 27, 2018, 06:48:48 PM

actually one can say that ICO these days has becoming more of a scheme rather than a proper introduction to the cryptocurrency community since i saw some companies after ICO has lack of development and initiative from the team to properly introduce their coin after gathering funds.

That is true, if the team is concentrated on fundraising instead of product or service they intend to roll-out, after 4-8 months (to be spent for ICO cycle) they may easily lose their context, maybe even developers who are usually bored by that marketing and financial tornado

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rey.fudz15

full member

Activity: 204

Merit: 100

actually one can say that ICO these days has becoming more of a scheme rather than a proper introduction to the cryptocurrency community since i saw some companies after ICO has lack of development and initiative from the team to properly introduce their coin after gathering funds.

pentol86

sr. member

Activity: 851

Merit: 254

Borderless for People, Frictionless for Banks

ICO needed for explain whats your project, which in it roadmap, whitepaper, and developer team. ICO also need to collect funds, and that is for sustainability project. to get succesful project, they need comunity, big comunity, who always support

sclmte

member

Activity: 434

Merit: 10

This is just a simplest and fastest way of promoting their products to the community. So they offer rewards to the people who are helping them advertising their products, because without these of course nobody will make investment in you.
Actually, not only in crypto it happened, it also happen in real forms of investment. It could be a best way to attract investors and sold their products.

Grim149x

full member

Activity: 854

Merit: 100

Maybe they need a separate budget for the project and it's better that way in my honest opinion.

Renji Abarai

full member

Activity: 230

Merit: 100

Quote from: Liqbo on January 27, 2018, 03:58:53 AM

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Quite often I find here opinions like: "...they have a very strong team, a working product since number of months... so I will invest!" and every time I think WHY do they need ICO?

It seems to me that having competitive product ready and stront team on place, those guys can start making big bucks with their core business... maybe their goal is to quickly return on investment by crowdsale of tokens which likely useless for their product?

Honestly, I am in the process of launching ICO too, but I have the following different situation:

DEV.TEAM - just few enthusiasts (very skilled and experienced though)
PRODUCT - have prototype & passed PoC with success
DEVELOPMENT AND INTEGRATION - by our rough estimation, completed by just 20-25% (still long way to go since only core system is prototyped, partner and user interfaces are still to be designed and implemented)

we can continue it with the same team ending in about 3-5 years. It is clear we will make it but we are sure that our idea will be taken and re-produced earlier so it is very essential for us to quickly attract an investment for getting resources, necessary for completing commercial integration and launch in 1-2 years, but the earlier the better.

So back to the subject - is it really worth investing in a live product with still unclear perspectives? I write "unclear" because to my understanding, if product is up and running but fail bringing return, something is wrong with it.

Thanks in advance for your opinion

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This is also one of my concern and question before. Since ICO mostly are raised to generate funding for the project but as on the investor side, how can this project generate profits? Its very risky indeed, as long as the roadmap is clear and whitepaper is detailed. I hope there is a government regulation before they can lauch an IC where the docs and feasibility study is approved etc. Just my opinion here.

goldexp83

member

Activity: 225

Merit: 10

quarkchain.io

Many factors, depends on the scope of the project and complexity of the problem they are trying to solve, also possible competition, so you need to raise enough capital to cover different type of cost and boostrapping (build a company without raising funds) can be very though and time consuming since u just rely on your revenues!

Blas

full member

Activity: 490

Merit: 100

Most ICOs are made for one reason and one reason only: MONEY. Some projects jest need funding and some projects are purely speculative, but I have not seen ICO that don't care about money.

Liqbo

jr. member

Activity: 130

Merit: 1

Quote from: cryptogirls85 on January 27, 2018, 11:31:20 AM

Well... they way I understand it (it might be lame, but I`m no expert).... The ICO`s are sort of shares for a new company. So you invest in that company (which is still just an idea written on a paper)... they get paid and start working... if they do a good job they earn even more money.... so the price of the ICO goes up and we all get more money then our initial investment..... right? Roll Eyes

Bob has invented a bicycle and went out to getting money for production.

He has attracted good investment So what should he do?

He was about to start bicycle manufacturing and sell them earning well… but no, Bob have begun re-investing in famous advisors, contracted the best PR-agency, bought much of leading press space and booked several top conference speaking slots.

At first glance, everything looks right and natural, but when bikes are reminded, the whole picture turns to be different — hey, Bob is no more who he says he is!

NO GHOSTS or how scam can be identified at the early stage of ICO projects?
https://medium.com/@LiquidBonus/no-ghosts-or-how-scam-can-be-identified-at-the-early-stage-of-ico-projects-fe0a7f3fb2dd

========= STARTS 25 JANUARY 2018 ========= Liquid Bonus Loyalty EARLY BIRD ========= ENDS 18 FEBRUARY 2018 =========
DOUBLE YOUR EARLY BIRD INVESTMENT WITH SUCCESSFUL COMPLETION of ICO ----- DISTRIBUTE 20% BONUS COUPONS AND GET 10% OF INVESTMENT TO YOUR BONUS ACCOUNT

Telegram Channel (@LiquidBonus) Telegram Group (@LiqBo_SUPPORT) Twitter (@Liquid_Bonus) Facebook (@LiquidBonus) Medium (@LiquidBonus) Youtube Channel Reddit

========= STARTS 18 FEBRUARY 2018 ========= Liquid Bonus Loyalty ICO ========= ENDS 30 APRIL 2018 =========
THE FIRST GLOBAL DECENTRALIZED INTEROPERABLE LOYALTY MEDIUM SOLUTION BASED ON STATE-OF-THE-ART SIDECHAIN WITH 2-WAY PEG

joeydangerous

sr. member

Activity: 350

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: themistocleess on January 27, 2018, 10:56:20 AM

They need to collect investment for their Project that is why they offer ICOs

Actually, they don't. Well, most people that make a project don't and some people need the money to build a physical product or whatever it is they are trying to buy.
Bitcoin was built without that many people interested in paying to help in the start.

Mevz

full member

Activity: 238

Merit: 106

Project needs an ICO to attract Investors on their great offers selling it with lower price. Also ICO prices can always base the price of a token when it hits exchange. Buyers could actually calculate how much they could spend to buy from dumpers. But it always depends on the progress of the project when after ICO ends..

loloy

member

Activity: 182

Merit: 10

The World's Most Secure Cash & Crypto Platform

Quote from: cryptogirls85 on January 27, 2018, 11:31:20 AM

Well... they way I understand it (it might be lame, but I`m no expert).... The ICO`s are sort of shares for a new company. So you invest in that company (which is still just an idea written on a paper)... they get paid and start working... if they do a good job they earn even more money.... so the price of the ICO goes up and we all get more money then our initial investment..... right? Roll Eyes

Indeed, upon ICO, coins and tokens are distributed so investors can start it using though Cryptocurrency exchange and start trading, on the same time the money from ICOs are using it into funding for the product or project development that's the reason why they need to meet their hard Capitals in order to function according to their road maps.

loloy

member

Activity: 182

Merit: 10

The World's Most Secure Cash & Crypto Platform

ICO is needed when launching a new coin ot token to the public so that they could get investments and sell start their project developments because almost all ICOs haven't yet a working product or project, so in order for them to make the project into reality they need funding and more money to effectively develop what needs to be done.

cryptogirls85

member

Activity: 169

Merit: 10

Trying to be someone... someday

Well... they way I understand it (it might be lame, but I`m no expert).... The ICO`s are sort of shares for a new company. So you invest in that company (which is still just an idea written on a paper)... they get paid and start working... if they do a good job they earn even more money.... so the price of the ICO goes up and we all get more money then our initial investment..... right? Roll Eyes

tamango

full member

Activity: 602

Merit: 100

I think ICO is now one of the best way to gain huge funds for starting a project.... team reputation and marketing campaign is very important as there are so many ICO...

helloge

legendary

Activity: 1057

Merit: 1000

The Experience Layer of the Decentralized Internet

Quote from: QFT on January 27, 2018, 11:08:15 AM

You need ICO when you are going to be paying developers, expanding your team, infrastructure, marketing etcetera.
The problem is some receive money and just pay themselves.

Yes, ICO is an important way to raise funds for development, just like common investments. It is not easy to know it is potential or not, so there is much risk that investors may loss their money.

QFT

sr. member

Activity: 476

Merit: 250

You need ICO when you are going to be paying developers, expanding your team, infrastructure, marketing etcetera.
The problem is some receive money and just pay themselves.

Basmic

sr. member

Activity: 406

Merit: 256

Why the ICO is clear. It is very difficult to find funds for investment projects. But a large number of scams make this way of investing is very risky. Probably need to have some insurance. But it is very difficult. A typical example of when a good thing can be spoiled by dishonest people.

themistocleess

jr. member

Activity: 392

Merit: 2

📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

They need to collect investment for their Project that is why they offer ICOs

mobileware

newbie

Activity: 16

Merit: 0

they may need to pay for a marketing campaign?

Topic: WHY DO THEY NEED ICO? - more thoughts on authenticity (Read 223 times)