Re: Will it be a good choice to launch an ICO for my already running app ?

Hello every one, I am from India and I have a food delivery app up and running which covers 3 cities in National Capital Region(NCR) I have ~8000 installs already and served many customers already. I don't have a kitchen setup but have tie up with restaurants, I want to expand this business and looking forward to raise some money to spend on advertisements and perks to customers. Can I launch an ICO for this ?

The Website address is: http://acchakhana.com
and the app can be found on: https://play.google.com/store/apps/details?id=com.accha.kkhana

Any inputs/guidance would be really appreciated

Before you run an ICO, you should first get familiar with ICO regularities/taxes in your country. But generally it is a good idea to combine solid offline business like yours with ICO. You seem to have also several users of your app.

The government keeps taking strange actions on crypto currencies over here but I still see people launching ICO every week with a grand press release etc.

i think you need to study the law against ICO in your country probably you will need some legal lawyer to explain to you the implication of ICO in case its regulated in your country. just because you see some grand press about ICO should not be the reason for you to run the ICO without making consultation concerning the regulation in your country. if you do that and your government take legal action against you, it may not only affect the project but also affect your already existing project you intend to raise the ICO for.