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+--- Thread: Steps to launch your own ICO (/showthread.php?tid=8078)
Steps to launch your own ICO - Johnrobert121 - 11-22-2021
For many centuries crowdfunding has been the major source to develop businesses. Crowdfunding is the reason for many successful businesses out there. But, it is not applicable in many cases, especially in recent times. There are many ways where you or your investors might be subjected to scam. Yes, the scam rates surrounding crowdfunding have increased way more in recent times. This reason steals the investor’s trust bringing down the crowdfunding efficiency. So how will you raise funds without any hassle?
Crypto has become the recent buzz around the world. So why not make use of this to raise funds? This method is based on the blockchain platform. These blockchains are the most secure place to store pieces of information. It can never lead to a scam. So going with crypto fundraising will be the most recommendable option.
Overview Of ICO:
Initial coin offering is one of the most secure crypto crowdfunding platforms offering a secure and reliable way to create and launch ICO tokens for raising capital. Capital investments are made by potential investors through the purchase of an ICO token with digital currencies. The tokens are representations of an asset or utility in the blockchain. The tokens are fungible and tradeable.
Advantages of launching an ICO:
* Quickness, easiness, efficiency - The process of handling an initial coin
offer is easier, cheaper, and faster in comparison to other fundraising mechanisms.
* Easy marketing – It can be easily advertised through online marketing.
* Engagement of the target audience – You can easily communicate with your
target audience via social networks, blogs, Slack and Telegram channels.
Here are the steps to launch your own ICO
Conceive your Idea!
It is important to have a genuine reason for carrying out an initial coin offering. In conceiving
your idea, it is necessary to figure out the reason for carrying out your project and to also
map out the best way to merge the new coin into the project.
Set up a Team
To launch an initial coin offering and attract serious-minded investors, it is necessary to
have a skilled team of experts in diverse relevant fields. Ideal team members should
have skills in working with cryptocurrencies.
Create your ICO token
In this step, you get to create ICO tokens that you intend to distribute to your investors and
supporters. While creating your token, it is vital to incorporate the total supply, balance of, allowance, and, most importantly, to establish the number of tokens you will distribute into circulation.
Develop a White paper
A typical white paper should contain the purpose and feats you are envisaging from the
initial coin offering, it should itemize avenues of collaborating with users, the latest
happenings in the crypto sphere, and descriptions of high-tech token application
with the project in terms of finances.
Make available Security
Before launching an ICO, it is important to put up security measures in place to ensure that
stakeholders do not lose their funds. Creating an escrow wallet and assuring compensation
in the event of project failure can help to heighten client trust.
Launch an ICO
Finally, you are all set to launch the ICO live.If you are a Marketing Wizard try to reach the potential investors/traders to buy your tokens, However the Ultimate goal is to bring your whitepaper to the light where Crypto investors can be enlightened with and sell the tokens.
If you are a startup willing to raise funds by launching an ICO, then you need to choose the right ICO development company. One such company is Zab technologies. It is an award-winning ICO Development company that offers the best services for ICO development.
If you are interested in business with them, then don’t hesitate to connect with their
business experts directly via,
Mail-id: contact@zabtechnologies.net
Whatsapp: +91 77085 29089
Telegram: https://t.me/Zabtechnologies
skype: live:contact_86571