Before even furthering with the services you might need for a successful ICO, there are certain aspects that are mandatory from your side; i.e token developers side.
Do you have a strong concept that will be accepted by the crypto crowd?
For instance, are you planning on simplifying the processes in the healthcare industry?
Or is your focus on the oil and gas industry?
How well-built is your advisors’ team?
Do you have a legal advisor to take care of issues if there are any?
Many of companies over the world are faced with a problem of funding.
In this article, we will consider Initial Coin Offering (ICO) investment scheme.
But instead of shares, investors or people who just want to support the project buy ICO coins (also known as altcoins) or tokens via Initial Public Offering (IPO).
So, to create your own coin, you have to develop own blockchain from scratch.
So, it takes much less time for a development team to build a token based on existing blockchain solution than to create one on their own.
We hope that we've managed to cover all questions related to 'what is initial coin offering' and 'cryptocurrency coin vs token'.
Blockchain App Factory comprises of a team of some of the best ICO developers in India, who is well experienced in the field having completed a number of successful projects, and will provide reliable blockchain integration that will guarantee security and sustainability for your ICO in the market.
Traditionally, it must include marketers, blockchain experts, designers, programmers, and alike (20-30 employees in total).
However, according to BlockChainHub statistics, the ICO profit usually overcompensates its budget.
The most optimal registration countries are Cyprus (the world-renowned offshore area) and other economically developed places like Switzerland, the USA, etc.
It’s also great for a whitepaper to feature relative images (e.g description of the financial distribution can be followed by infographics).
In case of positive results, your website is included on the dedicated list.
The proper ICO website features: a user cabinet (which also requires to include various payment methods, integrate your platform with the most popular e-wallets, and, if possible, connect the services like Escrow), newsfeed/blog, ad banner & video presentation, ICO & its stages description, small box with your team’s key members’ stories, whitepaper download link, a bunch of social networking pages links, and a FAQ.
Despite the introduction of ICOs 5 years ago, fund raising using ICO didn’t gain traction until 2016.
Subsequently, 92 major ICOs raised over $1.25 billion in 2017.
A study by Statis Group, an ICO advisory firm shows that 80% of the token sales in 2017 were scams.
They don’t fall under the regulated securities trading space.
China, for example, banned Initial Coin Offerings in the country citing that scammers could use them to defraud investors.
So are regulators helping or hurting ICOs?
ICOs have a lot of advantages for the investors investing in an offering.
Let’s discuss what favor will an ICO do to its investors.
In general, an ICO is launched with global markets as the main target.
Since there are no bounds, anyone from anywhere can buy the tokens.
No banks, organizations, and governing bodies can claim ownership on ICOs and thus it promotes individuality.
The investors have a lot of benefits than they see on the traditional banking system and the major attraction is that the token sale can be announced from any part of the world.