8 ms·
Build-an-ICO getting closer as we speak. What a time to be alive.
by fosk 9y ago
Build-an-ICO getting closer as we speak. What a time to be alive.
- erichurkman 9y agoMaybe we can get an ICO for a build-an-ICO.
- occamrazor 9y agoYou almost described Ethereum.
- atomical 9y agoBancor?
- syntaticSugar 9y agoI think he did described ethereum..
- bhouston 9y agoAsk and you shall receive: http://blockstarter.co/ http://blockstarter.co/ https://coinstarter.com/ https://coinstarter.com/
- ejanus 9y agoDescribe your startup and schedule an ICO campaign. Perfect!
- hedgedoops2 9y agoIn fact, the ICOS ICO is open now: https://icos.icobox.io/ https://icos.icobox.io/ Apparently, they promise to build part of your ICO for you in exchange for a 50BTC upfront fee (link at top right - 'Apply for FREE ICO'). Alternatively you can get their service without an upfront payment (hence 'FREE ICO'), by instead reserving 250 BTC worth of your ICO's tokens for holders of ICOS tokens. The latter can burn each ICOS token for 0.04 BTC worth of your token, which works out to a 75% discount on your presale price assuming that the ICOS tokens were bought during the ICOS ICO (for 0.01 BTC each). The catch is, that since there's only 250 BTC reserved of each token, while there are, at least initially 4 * BTC_raised_in_ICOS_ICO in outstanding rights to discounted tokens, buyers will only ever get a tiny discounted allocation. You're currently looking at needing to participate in 100 ICOs until you've converted all your ICOS tokens. As there is no cap how much ICOS can raise, so this could get much higher. Also, when the 250 BTC are oversubscribed, allocation is pro rata, based on how much ICOS you would be willing to convert. So lets say you've done due diligence and determined something will go up, now you're locking up your funds in ICOS and only a tiny fraction will buy the thing you want. It might make more sense to just sell your ICOS on an exchange and use the proceeds to buy the ICO normally. The other catch is that the SEC might ban all this business before you find 100 ICOS-incubated ICOs to invest in. Nevermind that i haven't seen a reason why ICOS itself would ever acquire any clients. But they do have 10M$ in cash now.
- hlau 9y agoYou just need a whitepaper. And a whole lot of blockchain "experts". Because what makes a biz work is not the soundness of its ideas but the fact that it has its own coin.
- Finbarr 9y agoWe can build a RNN that generates ICO whitepapers.
- jfktrey 9y agoSCIgen should be close enough. Nobody really reads the whitepaper, anyways. https://pdos.csail.mit.edu/archive/scigen/ https://pdos.csail.mit.edu/archive/scigen/
- transposed 9y agoReminds me of this I came across recently: http://lav.io/2014/05/transform-any-text-into-a-patent-application/ http://lav.io/2014/05/transform-any-text-into-a-patent-appli... Also just noticed http://lav.io/2014/05/lazycoin-officially-patented/ http://lav.io/2014/05/lazycoin-officially-patented/
- jasonm23 9y agoWhat makes a biz work is people interested in it. That interest currently is generated by public relations functions instead of soundness.
- hlau 9y agoI highly doubt that most of the investors in ICOs are all that interested in the core business. They're interested in an arbitrary security loosely linked to the core business appreciating that is referred to as a token because calling it an asset/security would require more regulation.
- honestlyreally 9y agoAlways amazed at some of the threads that pop up in that world. "I invested 50k can someone pls explain how this works?"
- cgb223 9y agoI'm having an ICO who's value is based on my lifetime net worth as a developer It's a pretty solid investment, who's in?
- deleted 9y ago[deleted]
- AbenezerMamo 9y ago:)
- quickthrower2 9y agoThen you can retire. Oh wait!
- ejanus 9y agoWhat is your age and monthly earnings? I would use that to project if you are a 'risky' biz? However, I won't mine buying such ICO ?
- colordrops 9y agohey it's scam-in-a-can
- Keeeeeeeks 9y agoOne can argue that Aragon and similar projects are Build-An-ICO tokens