What is an ICO? (Initial Coin Offering)
An initial coin offering (ICO) is a type of funding using cryptocurrencies. The process is done mainly by crowdfunding, and private ICOs are becoming more common. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum. The tokens sold are promoted as future functional currency units if or when the ICO’s funding goal is met, and the project launches. Just this year, in the first two quarters, a record $7 billion was raised via ICO from January–June 2018.
How to launch an ICO
Before launching an ICO, which is rather an expensive and time-consuming process, we must first decide if launching your ICO is advisable. Like all entrepreneurial products, your project must offer a solution to the problem in the cryptocurrency market. Since there are only 1,500 cryptocurrencies in the marketplace, your coin must have a high demand if it is going to get any traction. It is essential that your project also has an integrated cryptocurrency system that uses your coin in a meaningful way.
Launching an ICO
The most crucial step before launching an ICO is taking your concept and whitepaper into an actual product. Your product must be expandable on Blockchain as the blockchain product must use your token. Creating the ticket is easier because we help make the technical architecture that supports your project.
Next, distributing the amount of Blockchain or EBlockchainin either in the main ICO or Pre/Main-ICO period can influence the demand and value of your coin. Writing a Whitepaper is another crucial step in launching an ICO because it explains your project in every possible detail. This includes all the problems it intends to solve, a market analysis of the product, the development strategy, legal issues, and distribution policy.
The last few steps of launching an ICO include creating awareness for your product and getting it out on exchanges. Building a community around your project will establish a loyal fan base while sharing your creation with others. Finally, getting your ICO on Bitcoin exchanges, including finding the most robust and longest-lasting discussion, is crucial.
Here at ATI
ATI is the premier Cryptocurrency and Blockchain development company offering a wide range of cryptocurrency development services. ATI offers Cryptocoin creation, Cryptocurrency Exchange Platform, Token development, Blockchain development, Smart Contracts, Cryptocurrency Wallet development, and more. We also help entrepreneurs and companies develop a POC (Proof of Concept) of an ICO or actual ICO process. We have access to the Cryptocurrency code repository and vast knowledge and understanding of related challenges to its security.
More about ATI’s Cryptocurrency and Blockchain development services – abasystech.com/crypto.