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How simple it is to start an ICO

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initial coin offering 的图像结果

As ICOs becomes more ubiquitous, I start to get the feeling that many investors are rushing in without fully understand how generic most ICOs are, at least in terms of the basic code behinds it. Most current tokens that are issued using ICOs are almost copy-pasted from previous implementations and are holding very little technological improvements over their predecessor. Now, by no mean I’m here to disparage these projects that are issuing tokens to the public using ICOs (at least not all of them). But I really get the sense that most investors don’t truly understand just how generic the codes really are. And I wanted to mitigate this gap of knowledge. Both to encourage future investors to become more informed, and to encourage future developers to maintain good practice when creating such token.

I published a simple blog post describing the steps in creating a very simple ERC20 token and ICO. The post can be found here:ICO-SIMPLE. TOO SIMPLE

And I’ve also started to work on a short video series, simplifying it even more. The videos can be found here: https://www.youtube.com/watch?v=fMFHESj6D3k&t=1s&index=2&list=PLH4m2oS2ratd-9s-x4rUkSKz_OE5sSvpg

(I hope to upload the third video by Tuesday)

I really want to create something that might be useful for beginners and intermediates – investors and developers and so I’ll really appreciate any feedback and thoughts that you might have.

Here’s some quotes from Billionaire Bobby Axelrod on failed business: https://www.youtube.com/watch?v=n3egaOPb3Ig

What is it you do that you’re the best in the world at? You offer a service you didn’t invent, a formula you didn’t invent, a delivery method you didn’t invent. Nothing about what you do is patentable or a unique user experience. You haven’t identified an isolated market segment, haven’t truly branded your concept. You need me to go on?

So why would an investment bank put serious money into it? I all but told you that ahead of time, but you wouldn’t listen. Now you’ve heard it, but it’s too late. You. Weren’t. Ready.



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