What is ICO and what is the feasible way to launch it?
Crowdfunding has been the prime source for entrepreneurs to develop their businesses. But the previous decade has other stories. Crowdfunding has become a portal to scam investors. This has caused the loss of many potential investors. To avoid this crypto crowdfunding was introduced. It is more secure when compared to traditional crowdfunding.
Overview of ICO:
An initial coin offering (ICO) is carried out to raise funds from the investors for a project. The money raised in an ICO is used for the development of the company and works as capital for the company. Even after the ICO is completed, the fundraiser can issue tokens for business purposes also. In simple terms, an initial coin offering is a program processed by crypto startups. So they can pave the way to raise funds and benefit the investors.
Launch a Successful ICO:
Determine your goals promptly - ICO has its exact goals, ideas, and objectives. If you want to launch a successful ICO, then you have to explain more about your project and its objective.
Prepare a White paper - The whitepaper is a document that explains entirely your ICO project and the problem that wants to be solved. If you want your ICO to be effective, then you need to prepare an insightful whitepaper.
Create Crypto Tokens - Crypto token plays a crucial role in launching a successful ICO. To run an ICO action, you need to create a crypto token.
Identify the location to Launch your own ICO - If you are planning to launch an ICO, then determining the location is very important. Each country has different policies concerning building a fundraising module.
Hire a strong & well-skilled ICO development team - Deep knowledge for developing and deploying a successful ICO. Your ICO project can reach the targeted viewers easily, only if you hire a group of skilled and qualified professional ICO development teams.
Activate all social media marketing channels - Marketing and promotions are more important to make a successful ICO campaign. Currently, social media is the best and perfect platform.Even many big companies promote their products and services through social media platforms.
List Your Crypto Token on an Exchange - Once you have developed a crypto token, prepared a whitepaper, and marketing strategy. Then you need to reach out to your suitable crypto exchange to list your crypto token.
These are the steps to launch ICO. If you are a startup willing to raise funds by launching an ICO, the feasible way is to hire the right ICO development company. However, there are many ICO development companies out there in the crypto markets. No worries, I have taken the burden to find out a reliable firm, Zab technologies. It is a prominent ICO Development company that offers end to end ICO development services.
If you want to discuss your requirements regarding raising funds using ICO, you can consult with the Blockchain experts from Zab technologies via,