While talking about blockchain technology-based business, you can not ignore ICOs. While blockchain is a revolutionizing technology affecting almost every prominent industry. ICO is a practical approach for startups to raise funds for their businesses. ICOs are the trending, fastest fundraising mechanism and bring significant benefits to customers with a more secure and efficient business experience.
It is an alternative fundraising mechanism for startups and new project developers to sell their tokens and raise funds. An ICO involves selling new digital currency or tokens as a way to raise funds for the company.
To launch a successful ICO, get in touch with an experienced company which can help with their services. If you are a beginner, this blog can help you understand ICO, working, benefits and how to launch an ICO. Let us get to it!
What is an ICO?
ICO is a new splendid funding option for companies to raise funds through cryptocurrency. Companies create digital tokens to sell to investors for investments. Every company usually requires funding to secure its place in the market. ICO is an online platform that helps drive enormous profits for an enterprise.
An incredible innovation for start-ups, ICO is a one-stop custom solution to change a business, improve the market value and achieve a vision. ICOs are unregulated as there are no central authorities involved in an ICO. Also, the investors do not have to pay in return for what they earn from ICOs.
How to launch a successful ICO?
Create a business plan for your ICO.
Review others to see what you need to work on
Create a whitepaper for your ICO.
Build a team for your ICO development.
Resolve your legal issues.
Secure the platform and simultaneously make your ICO’s smart contract.
With marketing strategies, announce your ICO and let the investors pay.
Creating a whitepaper for an ICO is an essential step. Make sure that the whitepaper answers every query that investors and contributors might have before investing in your ICO development platform.
Build an ICO development team
Build your team for ICO development. A well-qualified team of developers to work on the ICO platform.
We can separate the team design into two parts:
ICO developers and Advisors.
- ICO developers: the team building your product must have expertise in smart contracts and blockchain overall.
- Advisors are digital currency professionals on the one hand and experts in your projects industry on the other.
Cryptocurrencies and ICOs are new in the business. Therefore, in a few countries, they are restricted. The only way to register your ICO is to relocate to a crypto social jurisdiction.
Create a website with easy-to-navigate features that speak to your visitors. To capture potential investors, it must contain relevant information on the website. It should have a direct link to your whitepaper, social media accounts and blogs.
ICOs are more apt to hacks because of their unregulated nature. We follow a plan to secure your ICO development platform and complete your smart contract. You must safely secure the website from hackers since, in crowdfunding, you can get tens of thousands of dollars. Build a safe and secure platform to build trust in investors. We recommend getting your smart contract audited by specialists.
Create marketing plans that inspire, trust and communicate the advantages your investors will get. Get your token listed on the exchange and build the trust of your future investors. This way, they won’t be exposed to the risk of losing their cash.
Listing On Exchanges
Listing your coins and tokens on exchange platforms is vital for ICO development and marketing. These platforms allow exchanging assets to the other based on their market value. For trading, choose some popular and reliable exchange platforms. Most exchanges limit their users to trade assets within the digital system. Still, some allow trades between cryptocurrency and fiat money.
In this blog, we have discussed how ICO development has revolutionized the emerging economy. ICO development can help raise funds for your startups. Select the most suitable ICO development firm to generate tokens and market them efficiently that have yielded the desired results or others in the market.
At BlockCoders, we offer complete services, from the creation of tokens to their marketing to help you launch an ICO. Connect with us to share your business requirements.