Technology

How to Launch An ICO

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If you are wondering about the process behind the ICO creation or planning to make one to fund your new project, you have come to the right page. Presuming that you’ve known the meaning of ICO and how it will help your business, let’s go straight to the initial steps in launching a successful ICO for you.

If you are wondering about the process behind the ICO creation or planning to make one to fund your new project, you have come to the right page. Presuming that you’ve known the meaning of ICO and how it will help your business, let’s go straight to the initial steps in launching a successful ICO for you.

Is ICO for your business?

Unfortunately, not all businesses can work with ICO. It is not the same as the IPO or conventional method of crowdfunding. To make it easier to comprehend, you must consider whether the digital token can be viable for your current business or not. If you can’t integrate it with your business, then you shouldn’t even start the initiation.

Give the participants the reason

Besides the investment, not a single investor want to put their money at risk if there is no product involved. To raise the capital for your business, you will need to build a great product. Of course, it will encourage you to spend money. As long as you can make money in the end, it is okay to take money to make money.

Token

The token is an integral part of the ICO rating. Without it, ones won’t bother to invest and put your project in trustworthy ICO rating list sites. Creating token equals to asset making. As we know, we will need ample assets in order to grow our business. It is not exaggerating to say that token can make a good asset for your business. the good thing here is that there are some sites which can make your token creation much easier. The most popular platforms are Ethereum and Waves.

You will want to check on their official sites to see how to create the token from scratch.

Get advice from professionals

Since ICO makes you deal with other people’s money. That puts such burdens to you as the project creator. So, you will want to ask for advice from legal. Legal planning is the process that you won’t commit because you want to be legally covered by professionals. Launching ICO can be legally different from one country to another. Ask your legal professional to give you relevant advice.

Whitepaper

The whitepaper is one of the cores of ICO. It will explain anything about your project from the difficult terms, the solutions to the problems, introduction of your project, team introduction, and so on. Writing whitepaper is not a simple thing to do. You will need to build a solid team to help you in making the whitepaper.

Get your audiences

Your ICO rating will go nowhere unless many people know about your project. Therefore, the key to a successful is the quality of the initial hype. People want to contribute to your project when they feel the hype of it. Regarding this, it is important to create a community and make trends about your ICO.

Reach out ICO Exchanges

Creating your token will be useless if your investors cannot exchange them later. You will need to work with the exchanges sites to enable your participants to buy and sell your token for profits.

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Edward Cullens
I am Edward Cullens passionate of internet stuff such as blogging, affiliate marketing and most important, I like to trade domain and website. If you are inside digital marketing, let's connect us for future opportunities I am currently working at Techlipz.com.
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