What is however not being discussed is the principal reason why we are witnessing this phenomenon, and what participants in a crowdsale, including the score companies the majority of us rely on to make a choice, must be doing wrong in picking which ICO have most value, or gets the best likelihood of rising in value once the crowdsale is over.
While there are a lot of reasons one could legitimately proffer for the phenomenon, there is one fact that I think is probably more in charge of this than other contending reasons: ICO Race token valuation and the misplaced emphasis on ‘blockchain experts’, ‘ICO advisors’ or ‘technical whizkids’ for erc20 tokens.
I have always thought the need for blockchain technical experts or ICO technical advisors is overstated, or even outrightly dropped, when a project is judged by that requirements, unless the project is actually wanting to create a brand new coin idea. For most ERC20 Tokens and copycat coins, the real important consideration should be the Business Strategy behind the token and the managerial antecedents and executive profiles of the Team leaders.
As anyone involved in the industry ought to know, creating an ERC20 token from Ethereum, or similar tokens from other cryptocurrencies, will not take any great technical skill or require any overrated blockchain advisor (as a matter of fact, with new software out there, an ERC20 Token can be done in less than 10minutes by a complete technical newbie.
So specialized should no longer even be a major deal for bridal party anymore). The key needs to be the business plan; level of business experience; competence of the project leaders and the business marketing strategy of the key company raising the funds.
Frankly, being an Attorney and Business Consultant of over 30 years myself to many companies globally, I actually cannot I cannot understand why people keeping looking for some Russian or Korean or Chinese ‘Crypto Whiz’ or ‘Crypto Advisor’ to look for the strength of an ICO for what is basically a crowdfunding campaign for a BUSINESS CONCEPT…
We are of the strong judgment that is one of the main reasons why most ICOs never live up to their prelaunch hype. Inside an era where there is a good amount of token creation software, platforms and freelancer, the disproportionate concentrate on the blockchain experience or specialized ability of the marketers is mostly misplaced. Is actually like trying to value the probable success of a company based on the ability of its staff to create a good website or app. That educate left the station long ago with the proliferation of technical hands on article writing sites like Guru; Upwork, freelancer and even Fiverr.
People seemed too captured up in the media hype and the technical qualifications of folks promoting an ICO, particularly ERC20 Ethereum centered tokens and then question why a technically superior Russian, Chinese or Korean language guy cannot deliver the business end of the company after the fundraising campaign.
Even a great deal of our ICO Ranking companies seemed to set aside a disproportionate number of take into account crypto experience of team member, how many crypto advisors they have, and the ICO success experience they have on their team, rather than focusing on the underlying business model to be created with the funds raised
As soon as one understands that over 90% of the cryptos and ICOs out there are simply tokens created to raise crowdfunds to have an idea, and just not a token for token’s sake, then peoples emphasis will shift from specialized angles, to the more relevant work of analyzing the business idea itself, and corporate business plan.