The main problem of blockchain startups.

Dmitry Korzhik
Aug 25, 2017 · 4 min read

A number of successful ICO made the subject of the initial token offering a new trend in the spring and summer of 2017. The opportunity to obtain funding at an early stage allows many teams that previously lacked the funds for development of the project to turn their ideas into reality.

However, despite the recency of the industry (ICOs have appeared for the first time in 2013), it is full of scams already, and with the growth of popularity and those wanting to receive quick financing, the number of incompetent and unfair teams will increase.

The creators of the Rocket ICO, the blockchain evangelists and enthusiasts, see their mission in popularizing crypto currency and developing a blockchain community. We believe that crypto currency is a financial redistribution in the new economic system, as well as an opportunity for everyone to implement their dreams and goals.

We realize that the main barrier for project financing is investors’ fears of scams and for this reason we pay special attention to the teams’ verification before their admission to the Rocket ICO platform.

The investors’ interests protection

Since investors are risking greatly and opportunities for successful ICO implementation on the platform increase due to the growth of the number of interested investors, our main goal is to create advantageous investment climate.

Our experience

Our vast experience in IT projects (more than 15 years) has allowed us to implement a trustworthy evaluation system for blockchain projects. At the same time our team was one of the first to get involved in the ethereum and smart contracts field.

We have already conducted a number of successful ICOs, identified key criteria for potentially successful startups. Having received the necessary experience, we shifted it to the platform solution so that the diversified expert community can effectively identify potentially successful startup projects.

Therefore, with the necessary skills and experience, having set a reasonable task to minimize risks for our investors, and following the chosen mission — to develop the blockchain-community — the Rocket ICO team has become a reliable tool in the counteraction against scam projects.

Rocket ICO platform

Team admission

For the team’s examination at the preliminary stage, we use the start-up evaluation system, which includes analysis of ideas, technical, juridical and marketing components of the project. It is required to pass the interactive Rocket ICO expert system to be admitted to the platform.

Firstly, those who wish to participate in the acceleration program fill in an application form, where they describe the idea, give information about the team and the resources that they possess. Afterwards, through the platform this information gets to the experts of the Rocket ICO network. Then, by voting and discussing we see whether the project is worthy to pass certification commission or not.

If the project is not allowed to participate on the platform, the team is given a feedback with an objective start-up assessment where we suggest steps to eliminate the project’s drawbacks.

The second stage

If the project is supported and verified and the Rocket ICO community agrees that it has passed the acceleration program, the process of identifying the project team is launched. We interview the participants, confirm their qualifications, test the idea and technical features of the product.

The approved projects receive assistance at all stages of preparation for the ICO: the improvement of the whitepaper, product, business model, token model, marketing, analysis of the project nuances, juridical and financial assistance through the Rocket ICO expert network, access to the ICO management platform, the landing page builder, marketing campaigns management tools. There is an opportunity to contact experts for advice, recruit experts to the team and receive feedback from investors at any time of the preparation phase.

Successful ICO

Strict selection criteria, serious help at the stage of preparation and the opportunity to receive financial investments and expert assistance before the project’s implementation allow us to conduct the maximum number of successful ICOs on our platform.

Rocket ICO is a great helper that gives a chance to succeed for people who have a worthy idea, but lack general competence or special professional marketing, juridical or technical competence, funding or advice on how to turn their idea into reality. It is a reliable filter against scammers and projects with low potential or an unfinished concept. Lastly, it gives a stamp of quality for investors and experts.

Join to our Slack channel to continue discussion or visit https://rocketico.io. Thank you!

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Dmitry Korzhik

Written by

Co-founder Rocket DAO. Web&mobile&AI&blockchain development in Belarus

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