Quote from: plentix on January 31, 2018, 02:43:48 AM

Quote from: BlackBoxRecords on January 30, 2018, 09:06:31 PM

I am opening this thread so that people who have been on ICOs and have endured them can provide a guide for "good practice" for companies launching ICOs.

PLEASE DON´T POST GENERIC COMMENTS. I intend to curate the thread and edit this message is sufficient members have relevant things to say. If you want to spam, there are many threads out there.

My own contribution:

- Obviously, don´t scam.
- Set clear Soft and Hard Caps and don´t change them.
- Have your telegram groups moderated.
- Have a group for bounties and treat your hunters as partners, not as beggars.
- Don´t make decisions that harm your community and investors. It will come back as negative publicity.
- Do no whitelist three times more contributors than what you need. At a certain point is best to close the list because you will create a community of angry people than will not ever buy your token.

Please, add...

Good points! 👏

I would add:

- Define the PROBLEM you are solving and HOW would you solve it with your crypto-based project.
- Ensure you have a working whitepaper with step-by-step plan for implementation of your project.
- Build a team of professional and highly skilled individuals

Great. I am also one of those bounty hunters who were scammed not twice but I guess the fourth time, some ICOs, I understand them, were not able to meet the required hard cap and even the soft cap but they are trying to promise to pay the bounty once they have their coin listed in exchanges.

I just noticed that ICOs who successfully launched and those who not have the so called presentation when bounty thread are created. Newbies should be aware of that. Good to point out too about the dev and the team composing the ICO to be launched. You point out that telegram should not be overlook, you should get updated their too because many admin and team members are on this channel. This is my contribution for now you have already mentioned importat things to remember especially for newbies.