Monthly Archives: July 2013

Guide to ICOs in Olive Branch, MS


Guide to releasing an Initial Coin Offering (ICO) in Olive Branch, Mississippi.

There has been a lot of confusion on what an initial coin offering is (ICO– also sometimes called a token generation event or token sale), what type of business an ICO can be used for, and what goes into introducing an ICO– from a task’s perspective.

Disclaimer: This is not to be construed as financial investment or legal suggestions, but rather indicated as a design template to show the process behind an ICO, and exactly what a task’s stakeholders (group, board, stakeholders) ought to think of when carrying out an ICO.

Offered the blockchain market is relatively new, there isn’t a great deal of information on the subject (from a job’s point of view), and with each new ICO, groups are discovering finest practices on what to do and what not to do. Below is a guide of all of the details we gathered about the ICO process, with input from people who experienced the procedure first hand.

If you wish to add to this guide, or have any recommendations, don’t hesitate to make ideas here:.


The biggest 2 questions you have to consider initially are:.

  • Exactly what is the function of the token?
  • Are you sure you wish to do an ICO?

Token: Considerations for 

  • Exactly what is the function of the token?
  • What function or utility does it perform?
  • Is the token absolutely needed?
  • Why does your task need to be on the blockchain?
  • Can you explain a feasible economic model behind it?

If your application doesn’t have to be built on top of a blockchain protocol, you should concentrate prior to moving forward. For example, the computational expenses of developing an application on top of Ethereum is far more costly than something like AWS. You have to have a strong reason for why you are developing a decentralized application vs. a centralized application.

If you are uncertain whether your application must be built on the blockchain or not, you ought to do more research and invest more time learning about Bitcoin and Ethereum. Building a decentralized application is essentially various than an application using client-server architecture, and you’ll have to completely comprehend the components of a blockchain and exactly what can be built on top of this brand-new architecture.

{ICO|Initial Coin Offerings in Olive Branch, MS 38654

An ICO is essentially various than raising money through VC’s or other conventional methods.

On one-hand, you are offering future usage of your platform (not giving up equity). On the other-hand, you are becoming a public business on the first day. You’ll have a substantial community you’ll need to manage post-ICO, and you need to ensure you wish to deal with this concern ahead of time.

Here are a few things to remember while analyzing whether your project needs to do an ICO in the first place:.

  • Whatever you do and all the actions you take will be shown in the price of the token.
  • Your group will get bombarded non-stop, numerous times a day, with questions about the price of your token.
    You’ll have to be an international business from the first day.
  • All your internal team conversations will likely be pressed publicly.
  • There will be fantastic tension in aiming to build things that are long-term valuable vs. short-term valuable.
  • If your item isn’t really open sourced already, there will be a big backlash to become entirely open sourced. There is a strong expectation that numerous blockchain tasks are open-sourced jobs.
  • In general, cryptocurrency projects are way more public/transparent than normal startups, and even traditional public business.

In general, great blockchain jobs look and function a lot more like open-sourced software tasks vs. conventional tech companies. You and your group will need to choose both whether your application makes good sense to be built on a blockchain + you wish to run as a transparent and open company.

Marketing is not enough, people have to understand and trust your skills.

A number of these early ICO’s were conducted by deep stack blockchain developers that became part of the core crypto community, with high reputation and performance history. The ICOs that sold out quick and quick did not come out of thin air. Early token investors– who by the way were also part of the core crypto community– understood these developers well, and trusted them, as their particular item concept had actually been gone over and peer examined for lots of months over Reddit, Twitter, Slack, Bitcoin Talk, various crypto podcasts, and so on.


White papers are business strategies of the Web3 with which teams try to raise your funds, frequently before having a prototype. Composing an excellent whitepaper is the main task for every single group. Prevent contracting out the writing to third parties. If you desire individuals to take you seriously, you need to involve the whole group: from core devs to your sales people. You need a semi-technical description of how your project works and an easy to understand walk through for non-techies. The whitepaper needs to be appealing to financiers without any technical knowledge and designers alike. It has to include:.

Trustworthy technical roadmap.
Plausible organisation roadmap.
Clear tokendistribution design.
You can take your effort one action even more and launch a technical paper like the Ethereum’s Yellow paper or Zcash’s technical whitepaper. These papers give a more insight into the technical application and are only aimed at individuals with deep understanding of blockchain technology. They give more credibility to your tech know how, and allow for online swarm evaluation. Technical documents have so far generally been utilized for blockchain token sales and not for dApps token sales.

Prototype – Olive Branch MS 38654

You will be more reliable if you already have an item prototype. Motivate individuals to visit your GitHub page and have fun with the code. Please note, tasks without a single line of code raise many red flags in the eyes of investors. If your name is not Vitalk Buterin or Gavin Wood– just utilizing examples here– you might have problems raising money just with a white paper.