ICO (Initial Coin Offerings) have acquired a status of being an easy method to raise capital cost-effectively without losing control on equity. They pip the traditional methods of fundraising such as bank loans and venture capital as it is easy to set up without any cumbersome procedures.
When speaking about the costs, there is no definite budget to be allotted for assuring the success of a project. However, a significant amount needs to be allocated for ensuring a safe, legally compliant ICO providing real value to a community of contributors.
The major expenses involved in an ICO project are