Auspicious days to hold an ICO

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Does it make sense to hold your ICO on an auspicious day or not?

In the Asian culture there is a belief that some days are more auspicious for different events.

An example of this would be the list of dates for weddings, moving houses, decorations, buying vehicles etc.: https://www.yourchineseastrology.com/calendar/auspicious-grand-opening-date.htm

This also implies that there are potentially better times to do an ICO based and this could be important if your ICO has many asian buyers.

If you feel that this is important then you can also look at the use of colours such as Gold (prosperity) and Red (good luck) which are considered to be related to luck and fortune in your marketing materials.

The other thing to look at would be numbers such as 888 which is considered to the the luckiest number and avoiding the use of 4 which is considered to be unlucky.

That all been said your ICO should not rely on luck and you need to build a good value proposition around your token and offering rather than relying on the luck of the gods to bring you prosperity.

Crypto Currency and ICO Legislation in Asia

Screen Shot 2018-01-22 at 12.11.36 PMIDC did a good infographic around the legislation in Asia for ICO’s and crypto currencies.

Legal ICO markets

There are three main ICO jurisdictions that are seemingly legal to do an ICO in Asia and those are Singapore, Japan and the Philippines. Out of the three Singapore has the most traction.

Grey Area ICO markets

Countries that have still yet to declare their positions formally on ICO’s are India, Malaysia and Taiwan.

Banned ICO markets

Countries that have come outright to ban ICO’s are Vietnam, China, Indonesia (by the fact that they have banned crypto currencies).

Summary of ICO in Asia

In summary the Asian governments have taken a cautionary approach to ICO’s and digital currencies in general. We can expect that over the coming year there will be more legislation and news from different markets based on their perceived need and the individual jurisdictions requirements (threats) around crypto currencies and ICO’s.