Post
Topic
Board Altcoin Discussion
Re: I need a reality check, is an ICO right for me to fund a business?
by
tsaroz
on 11/06/2020, 00:58:30 UTC
You didn't mention how you're going to do business with your startup. It looks not even a business at all if you're feeding people one meal a day, this looks more of a charity and investors that will put money into your startup will get ownership and how they'll make money from that? there's no clear business model that you're actually doing including the marketing and hiring of employees. Most of things that you have mentioned were all cash-out flow and the only cash in flow is the investors money.

I think he meant to do a charity.
I'd not recommend charity to use ICO as a fundraiser as they have their own costs involved and there's about no use of coins and no use of offering the coins. That sort of charity should come up as a charity that may also take crypto donations. If available, you could also provide your info and ask for donation in Gofundme, which is a better platform to get charity.