You 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.

We can build a RNN that generates ICO whitepapers.

Reminds me of this I came across recently: http://lav.io/2014/05/transform-any-text-into-a-patent-appli...

Also just noticed http://lav.io/2014/05/lazycoin-officially-patented/

SCIgen should be close enough. Nobody really reads the whitepaper, anyways.

https://pdos.csail.mit.edu/archive/scigen/

You need 40 lines of code that was copy/pasted to make an erc20 token. The rest is just promises.

What makes a biz work is people interested in it. That interest currently is generated by public relations functions instead of soundness.

I 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.

Always amazed at some of the threads that pop up in that world.

"I invested 50k can someone pls explain how this works?"

I mean, you realize that penny stocks are much the same. People don't care much about the validity of the underlying business. They want to make money. Often the penny stock (or alt coin) has solid enough technical fundamentals , to merit an investment. Don't tell us it's risky, we fucking know. Don't tell us we're dumb for investing in something we know nothing about -- we know we are gambling and likely going to lose. There are too many millionaires be minted in this crypto world to be too dismissive of it.

I'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?

Then you can retire. Oh wait!

What 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 ?

:)

Maybe we can get an ICO for a build-an-ICO.

In fact, the ICOS ICO is open now:

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.

Ask and you shall receive: http://blockstarter.co/ https://coinstarter.com/

Describe your startup and schedule an ICO campaign. Perfect!

You almost described Ethereum.

I think he did described ethereum..

Bancor?

One can argue that Aragon and similar projects are Build-An-ICO tokens

hey it's scam-in-a-can