The Worst Question To Ask When Starting An ICO

Publié le by Cryptoslate | Publié le

Truth be told, it's now quite comical to see the people I actually advised as little as 12 months ago, now telling people they are "Cryptocurrency experts." The truth of the matter is 12 months ago they didn't know what ERC20 was, let alone how to run an ICO. You know who you are.

"Where is the best jurisdiction to run your ICO from?".

If anyone needs, they can just look at "ICO rating sites" which I am informed gives you a great idea of how good these "Experts" are.

In that vein, I will reveal the answer to the most asked question "What is the best jurisdiction to conduct an ICO.".

Really, it depends on everything to do with your ICO. By this I mean, how much you want to raise, what your token does, how you will target the U.S. Market, and so on.

Why? The Estonia finance ministry has said that ICO's under 2.5 million Euro's are not classed as securities.

Why? The Swiss Financial Regulatory Body has made it clear that all ICO's conducted from their jurisdiction will be examined.

You see, the answer is this: any seasoned, professional expert will never shout one jurisdiction at you.

It's the number one reason why localized consultants will never be able to deliver true results during an ICO. Consequently, I now just look at these lists of people responding on LinkedIn profiles as those who have either a limited or no understanding of the ICO market and exactly how complicated it is.

The moral of the story is this: if you are serious about conducting an ICO, you need to consult experts.

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