Post
Topic
Board Trading Discussion
Re: How important are ICO advisors?
by
trobin
on 23/02/2018, 16:21:31 UTC
Personally I don't really care too much. Let's take Kyber as an example. They have Vitalik as an advisor which bought them a lot of hype in the ICO stage but since then you really wouldn't have any idea that he was an advisor. Ultimately a project will be evaluated on the final release and an advisor won't have too much say or input in to this, they might help navigate a few situations but won't make a bad project in to a good one.

This is what I mean when I spoke before, advisors can be used to hide a company (or in this case, a coins) failure at having any value at all. So if the coin in question is simply stacking advisors, it'd be fair to notice that they might just not have anything going on and might screw you due to them not having a working product and just wanting the hype to make a couple bucks.

Don't put all your trust and faith in a couple peoples faces, names, and titles. It could all be a sham anyway.

Within reason yes, I think mostly you need to consider the advisors and their reputation, I don't think the example I gave is in line with what you thought but there are definitely some 'advisors' who will just back a project for their own gain instead of because they actually believe in it.