Quote from: xWolfx on September 25, 2018, 07:14:35 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.

Any startup requires some kind of funding at the start. Things i this world works with money and/or influences, which means that not only by goodwill and work you will be able to make something happen in the business world.

You also need some backup capital. Things won't always go as planned. You need to be prepared for when those emergencies show up and in the case of startups, it is almost certain that they will show up.

Be careful of scams. Even when we are 100% sure that capital is required for every startup to have any kind of chance to reach meaningful success out there, some people will always try to take advantage of anything that comes up - In an unfair way.

Some ICOs have wonderful projects behind them, but it's extremely important to know how to differentiate them, so you don't blame all ICOs only for the scams that are around.

Good point