A Quick Overview of Initial Coin Offerings (ICO)
With the advent of ICOs, the traditional practice of approaching banks and venture capitalists for fundraising has changed. In the world of cryptocurrencies and blockchain technology, a capital-raising activity known as ICO is rising. Startups use this crowdfunding method to raise substantial funds for their potential projects. The process gives you a golden opportunity to reach the global market without complications.
Two main types of ICOs
Private Initial Coin Offering (ICO) - Only a limited number of investors can participate in private ICOs. Usually, only accredited investors are allowed to partake in Private Initial Coin Offerings, while a company has a chance to set a minimum investment amount.
Public Initial Coin Offering (ICO) - Initial coin offerings (ICOs) open to the public are a type of crowdfunding. Since practically anyone can invest, the public offering has democratized investing. However, compared to public ICOs, private ICOs are starting to look more appealing because of regulatory concerns.
Conclusion
Launching an ICO is a complex process but can be done professionally when you team up with the experts in the field. A leading ICO development company has a team of ICO developers who provide a wide range of services, including ICO token development, promoting your ICO, and pre-ICO and post-ICO launch services. Many ICO development firms exist in the market, and one has to do complete research before finalizing the best firm that suits your business demands.