Decide if an ICO is suitable for your business:The main question every startup considering an ICO should ask itself is whether the digital token can be integrated into their business model in a meaningful way. If the only use for your coin is to trade on an exchange, it guarantees that the price will crash soon after the ICO takes place.
Create a product:Building an actual product is far and beyond the most important part of an ICO. Spend your precious time building a solid, robust, secure, and scalable product on the blockchain, and only then tell us how it’s going to change the world.
Create a token:Creating a token, at its core, means creating an asset that your business needs to survive. Tokens can represent any tradable good: digital coins, loyalty points, gold certificates, IOU’s, in-game items, etc. Tokens are similar to shares of a company sold to investors in an IPO transaction.There are several platforms — such as Ethereum and Waves — that allow you to create your own tokens without having to create a blockchain from scratch.
Get legal opinion:Whenever you’re dealing with other people’s money, you want to be legally covered. The objective here is to ensure that your token is not seen as a security and make it clear that there is no effort to deceive. Where the ICO really begins is in the pre-sale and legal planning process. To avoid trouble with the SEC, you will need a formal legal opinion and a legal description of the token offering and what investors actually get for it.
Write a whitepaper:A whitepaper is essentially a prospectus that clearly outlines the technical aspects of the product, the problems it intends to solve, how it is going to address them, a description of the team, and a description of the token generation and distribution strategy. It is at once a pitch deck, a business plan, a marketing plan, and a technical manual.
Create community and buzz:Your token sale will not get anywhere unless enough investors know about it. It is a sad but true fact that the majority of token sales are driven by initial hype. This hype, ideally, should be bolstered by a real community of investors that supports both you and your token, and will not sell at the first opportunity.
Get your token out on exchanges:Once you’ve created your coin, whitepaper, and marketing strategy contact ICO development company, you need to reach out to ICO exchanges to carry your coin. Exchanges enable people to buy and sell your token on the open market, so getting it accepted on the strongest and most established exchanges is critical.
In this article, let us touch base upon the different stages of the ICO launch and development process and how an ICO launch and development company helps agencies sail through the tedious process smoothly.Step-by-Step Guide for ICO Launch and DevelopmentAny company initiating an ICO envisions a successful ICO launch and development process.
This can be achieved through proper planning and execution of the following steps.Blockchain Simplified, a top ICO development company in Pune, India provides complete ICO launch and development services including ICO ideation, evaluation of the token model, whitepaper reports as well as Pre and Post ICO services.
Contact us and know the step-by-step approach of Blockchain Simplified for the ICO launch and development process.
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If you are looking forward to launching in ICO and to participating, you can know here, how they can raise funds and launch a successful ICO and when you start your ICO.
An ICO stands for “Initial Coin Offering” that is a good way of raising funds for your future project or for your start-up.
You gift your plan through a white paper and through your web site and people invest in your project through existing cryptocurrencies or maybe through typical financial investments and in exchange, you provide them your coin.
The difference is, during this case, the main currency of exchange is cryptocurrency.To be able to launch an initial coin offering and platform building you wish a prime ICO development company to make a (ERC20 based mostly token/altcoin), white paper, smart contracts development, cryptocurrency wallet development and cryptocurrency trading and exchange platform that people will use to leverage your cryptocurrency.
Our skilled and trained team, place their full efforts to convert our client’s expectations live and before launching the ICO within the market, we have a tendency to assure that it's pertinent consistent with the competitive market.
Features of ICO Development Services Whitepaper Consulting We advise our purchasers and potential clients with the most effective white paper methods for his or her explicit project to draw in additional ICO investment.
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