Steps to Launch an Initial Coin Offering (ICO)
Initial Coin Offering generally (ICO) is an emerging fundraising technique that is transforming the economic model. It is an alternative fundraising mechanism for startups or new project developers to sell their crypto tokens in exchange for declaration or other cryptocurrencies. The tokens are representations of an asset or utility in the blockchain. The tokens are fungible and tradeable. Let us know, How to set up your ICO fundraising?
Here Are The Steps to launch an ICO
ICO is suitable for your business:
The main issue every startup about an ICO should ask itself is whether the digital token can be mixed into their business model in a meaningful way. If the only use for your Token is to trade on an exchange.
Create a product:
Building a real product is far and beyond the most important part of an ICO. Spend your precious time building a solid, robust, reliable, and scalable product on the blockchain, and only then tell us how it’s going to change the system.
Create a token:
Creating a token, at its core, means building an asset that your business needs to survive. Tokens can accept any tradable Good
Get legal opinion:
Whenever you’re dealing with other people’s money, you want to be legislatively covered. The objective here is to assure that your token is not seen as a security and make it clear that there is no effort to deceive.
Write a whitepaper:
A whitepaper is actually 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 an order of the token generation and distribution strategy.
Create community :
Your token sale will not get anywhere unless enough investors know about it. It is a sad but true fact that the bulk of token sales are driven by initial hype. This hype, ideally, should be sustained by a real community of investors that supports both you and your token
Hire a reliable ICO development company:
Hiring a reliable ICO development company can help you with technical difficulties like creating the crypto tokens, writing the smart contracts, choosing the perfect token standard and token development platform, etc.,
Get your token out on exchanges:
Once you’ve created your Token, whitepaper, and marketing plan, you need to stand out to ICO exchanges to carry your Token. Exchanges allow people to buy and sell your token on the open market, so getting it acquired on the strongest and most established exchanges is critical.
How to hire a reliable ICO development company:
- Check the History of Company
- Choose a company with a Good Business Strategy
- Check the Quality of services And Customer Supports
- Check out the laws of the country
- Check feedbacks and reviews
Working on the above factors you’ll eventually get a list of top ICO development companies. Out of which I would recommend you to go with Zab technologies. Being a leading ICO Development company, they can offer reliable end-to-end ICO development services at budget-friendly costs.
If you are interested in launching an ICO, feel free to connect with their business experts directly via,