Why is ICO the most sought-after method of raising funds? Why are the investors and companies running behind ICOs with no difference? What makes ICO stand apart from the regular fiat? Let’s find answers for all these questions.
Are you someone trying to find answers for all these? This blog will enlighten you on many matters concerned with ICO. If you’re planning to invest in an ICO, then you should be clear about which blockchain you are choosing. This plays a significant role in the entire process.
Any of us trying to launch an ICO would be clear of not letting investors down. We would be cautious about the security of their funds and yes, of our reputation too. I will tell you tips and some tricks on how to launch your ICO successfully.
What on Earth is this ICO? The full form is Initial Coin Offering. As the name suggests, the investors offer crypto coins for startups in exchange for the tokens that they develop.
These tokens later give investors early/ premium access to the company’s products or the properties. For this to happen, the project team has first to plan the project, analyze its market value, determine how well it will work out in the market, and so on. When all these are over, the project team then finds the right ICO development company and begins their work with them.
If you too are in this position, then here are three stages that you should know before starting an ICO.
Planning, Analysis & Execution Any task that you undertake needs proper planning. If you lack accurate planning, no matter how well you execute your token distribution, you run the risk of ruining the whole business. You should include important matters like when to begin when to finish and how long it will take for token creation and much more. Also, make sure you consider the marketing part too, as it is crucial for the success of an ICO.
Your ICO development services provider must be able to help you with these. Never hesitate to ask them about the marketing plans too.
On speaking about the technology part, one of the friends who is also a blockchain expert advised as follows.
Be sure that the platform you’ve decided to use is tested and free from flaws. Any minor error can cost you huge. Even at times, turn the whole business upside down. Most importantly if you are allowing multi-currency, then make sure those are also currently in use in the marketing.
Your ICO development service provider must be able to provide you with an in-depth analysis of the market, the current demands, ideas on how to execute that plan, and everything. If you are unclear on any matters, then the best thing to do is ask them there and then.
Have a dedicated team for project execution. If that is not possible, it is best to hire a team for this purpose.
I think I have covered the most significant matters concerned with ICO development, launch and also about the ICO development services providers.
Suppose you think there are any more important subjects that I could’ve spoken about, then comment below.