Five Aspects That ICO Issuers and Investors Should Remember From alphabanklog
Five Aspects That ICO Issuers
According to industry experts, the failure of ICO
Product Development and Blockchain Abuse
In part, the beauty of the ICO concept itself is that it allows entrepreneurs to raise funds for essentially non-existent projects. As a rule, all that the issuer needs is a good website, a decent white paper and smart contracts that will issue a token in exchange for community investments.
Such an approach can really help in financing great ideas that may be too revolutionary for venture capitalists, but in most cases, it simply opens up access to financing for projects that do not have other chances for investment. This may seem obvious, but still — it would be nice for the ICO project to have at least an alpha version of its product before it starts raising funds for its development.
The ICO issuers must prove that its idea is realizable,
and the only thing that stands between the current unfinished version and the full deployment is financing. This approach allows the project to stand out from several thousand other ICOs, and thus gain the interest and trust of investors.
Another aspect to which attention should be paid is the token ecosystem that the issuer of the ICO plans to create. Simply put, if the concept works without a blockchain and/or its own cryptocurrency tokens, developers are better off developing their project without them. Only when the issuer is sure that tokenization is obligatory, should he have a clear understanding of the ecosystem he is planning to create. Roles, rights and obligations of future participants, formalized specifications of tokens and all economic relations, as well as their advantages, should be clear for both the team and potential investors.
Objectives, fee, and volatility
Another aspect that should be considered before attempting to launch an ICO is the question of how much the project wants to collect. If it is too small, then the team will not have enough money to develop and reach the break-even point. However, if the bar is too high, the community’s expectations will be proportionate, and the chances of not justifying them will be high.
In this case, the advice for ICO issuers is quite simple — consider the possibility of holding several rounds of financing with smaller amounts instead of a single large distribution of tokens. Thus, the financing schedule will be more flexible, which will allow more intelligent distribution of funds and set the appropriate expectations of investors.
Volatility is also important. Most ICOs offer tokens for an ETH that is less volatile than most altcoins, but its cost is less stable than traditional money. ICO issuers should remember that if they raise funds on the air and its price changes, the maximum and minimum fundraising amount will change accordingly.
ICO location and laws
The cryptocurrency industry is still developing in terms of technology, distribution, and regulatory framework. Relevant laws vary from jurisdiction to jurisdiction, and sometimes regulators suddenly and drastically change their position. In this regard, the choice of location for registering a company and holding an ICO is crucial. Countries such as Estonia, Switzerland, Japan, Malta, and Gibraltar are considered to be much more cryptocurrency-friendly than the United States, China or Russia.
In some cases, regulators may consider ICO to offer securities, as has been the case in the US more than once. And since an unregistered offer of securities is a crime, regulators will quickly take action against the issuer. If there is a possibility that the token will be recognized as security, before the start of the fundraising company
will not fear persecution by the authorities.
To resolve such legal issues, it makes sense to hire a qualified specialist who is familiar with the relevant
and the roadmap should be comprehensive, but understandable to a wide audience of potential investors.
The objectives of the project and the specifications of the tokens should be indicated on the website —
which will be briefly and clearly outlined the benefits of the project.
If the ICO involves investors from different countries, it makes sense to translate the website and the White Paper into
Community and Feedback
— Facebook, Twitter and Telegram, and such platforms as Medium or Steemit.
In addition, there are projects specifically designed to collect opinions that are very useful for evaluating ICO. Augur, Gnosis, and Wings are forecasting markets, where the issuer of the ICO can receive funding forecasts and constructive feedback
best forecasters receive rewards.
ICO issuers should start presenting their project to potential investors and users as soon as possible. Thus,
Having a successful ICO is not as easy as it sounds.
reviewers, and be honest with investors, both in terms of the advantages and disadvantages of the project.
Summarizing, we can say that the main conclusion is simple: it makes no sense to make ICO just for the sake of money.
8. Again, I hear you saying but that’s only one byte it doesn’t make that much of a difference, and you’re right, here it doesn’t make much of a difference(except for in shellcode-size pissing contests =p), but when applied to much larger shellcodes, which have many function calls and need to do things like this frequently, it can save quite a bit of space.
I hope you all learned something, and will go out and apply your knowledge to create smaller and better shellcodes. If you know who invented the leal technique, please tell me and I will credit him/her.