Quote from: JanpriX on September 25, 2018, 05:19:04 PM

Quote from: Muhammad Muneeb on September 25, 2018, 05:01:35 PM

Quote from: virtualinvestor770 on September 04, 2018, 09:04:13 PM

Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.

working product make the company sucessful. i have seen some icos which wanted to raise 100 million $$$ to build the product but still there is ico like proof suite who just raised 3 million in the ico but the dev were working even before the ico..

This is true in every sense but I think we are missing the important factor here. Before thinking about the money to be raised for ICO, people should be mostly concerned to the team behind it. The developers and other team members should be checked thoroughly if they are really the real person they're portraying to the public. Any ICO can raise significant amount of money with a very useful marketing strategy but it will not safeguard its success if the team behind it has fake identity in it. It can turn out to be a scam project in the end and their devs can just run away with that huge amount of money.

I completely agree. diligence of the team should be performed. In addition to that, people shouldn't doubt new and upcoming individuals in the crypto space that aren't well known. The team has to have a vision, be real, and able to implement everything. Most ICOs have small teams until after the ICO when they bring on a huge team.