Any ICO advisors in here?

[SandwichMayo]

Just like it's mentioned above. ICOs are pure BS. ICO Advisers are nothing more than money grabbing whores. They can charge anywhere from 5-15 btc for few tweets a month. Once I was a part of a crypto project and we found a guy who is still running the biggest crypto group on FB (don't want to disclose his name). Anyways, he assured us that he'll promote the project on his group in every possible way and we just need to pay him 1% of the max circulation + 2 btc. It was a difficult decision but we decided go for it. Anyways, after few days he started with his nonsense and asking us to make significant modifications to the project such as changing our company name (this was after the company was legally registered), dropping the commission rate from 2% to 0. So basically it wasn't really his job and by this time he was just finding excuses to cut off from the project because he was already paid. Fast forward 3 months. We got listed on an exchange and he dumped those 1% coins and screwed our entire project.

The other day I saw him on the advisory board of another project. I feel sorry for those guys.

Are you sure about this? 5-15 btc for just promoting a Project, without even working on it?

 

[CryptoKujira]

Are you sure about this? 5-15 btc for just promoting a Project, without even working on it?

I've seen similar ridiculous rates and it all depends on the adviser. Some big venture caps put together entire teams to act as an 'adviser' to a project, and yes, they charged very steep prices. Some even demanded ownership in exchange for a 'dedicated team of experts' to help you through every step of the process of launching a crypto project.

 

[Prehisto]

I was an ICO Advisor for multiple ICOs, most of them are still running to this, unlike the rest. With my experience I can tell ICO Advisor is 99% bs just like crypto, ICOs themselves are bs, that's what make ICO advisors == bs advisors. No offense to any ICO advisor. Just some way to get money from street knowledge, unless you were big in companies such as Coinbase, MEW, Trezor, Ledger Nano S and etc. There's nothing that makes you eligible for ICO advisor.

Not true. There are things that needs to be taken into consideration when starting a ICO.
As in any other bussines - which is the best way to do marketing, how to do it effectively.
How to not get in legal problems.

Thus there is a such thing as valuable " advisor" in ICO world.
The other thing is that most of advisors where bull shit and were amking money just because they already were in other projects, basically at one point you got to make money just because your face was in next project.

 

[Babylon_The_Mystery]

Not true. There are things that needs to be taken into consideration when starting a ICO.
As in any other bussines - which is the best way to do marketing, how to do it effectively.
How to not get in legal problems.

Thus there is a such thing as valuable " advisor" in ICO world.
The other thing is that most of advisors where bull shit and were amking money just because they already were in other projects, basically at one point you got to make money just because your face was in next project.

True but the thing that ruined it were the army of tag-alongs who made the concept of 'ICO advisors' as infamous as the term ICOs

 

[magicjones]