How can a crypto startup ensure that it delivers on its promises to investors?

3 answers

• Glow-codingSep 16, 2020 · 5 years ago
  As a crypto startup, it is crucial to establish a transparent and reliable communication channel with investors. Regularly updating them on the progress of the project, sharing milestones achieved, and addressing any concerns promptly can help build trust. Additionally, conducting thorough due diligence before making promises and setting realistic expectations can prevent overpromising and underdelivering. Implementing strong internal controls and governance practices, such as regular audits and independent oversight, can also ensure accountability and minimize the risk of fraud. By prioritizing investor protection and maintaining open lines of communication, a crypto startup can increase the likelihood of delivering on its promises.
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• Ahmed ElboosJul 22, 2020 · 5 years ago
  Well, delivering on promises is no piece of cake, especially in the crypto world. However, a crypto startup can take several steps to increase the chances of fulfilling commitments to investors. Firstly, it's essential to have a solid business plan and a clear roadmap. This will provide a framework for the startup to stay on track and meet its goals. Secondly, building a team of experienced professionals who are knowledgeable about the industry can help navigate challenges and make informed decisions. Thirdly, conducting regular audits and ensuring compliance with regulations can enhance transparency and build investor confidence. Lastly, being proactive in addressing any issues or setbacks and providing timely updates to investors can demonstrate commitment and foster trust.
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• Aymeric PlanetOct 09, 2021 · 4 years ago
  At BYDFi, we understand the importance of delivering on promises to investors. To ensure this, we have implemented a comprehensive approach. Firstly, we conduct thorough due diligence before making any commitments, ensuring that we set realistic expectations. Secondly, we have established strong internal controls and governance practices, including regular audits and independent oversight. This helps us maintain transparency and accountability. Thirdly, we prioritize investor protection by providing regular updates on project progress and promptly addressing any concerns. By following these practices, we aim to deliver on our promises and maintain the trust of our investors.
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