Things to Know Before Launching Own ICO - PowerPoint PPT Presentation

About This Presentation
Title:

Things to Know Before Launching Own ICO

Description:

Initial Coin Offering (ICO) has proved to be one of the important fund-raising methods for startups. Through the decentralized blockchain technology and without any intervention of third-party financial institutions, investments can be received from anywhere in the world. In this article, we will see a detailed process of launching an ICO. – PowerPoint PPT presentation

Number of Views:47
Slides: 11
Provided by: VanessaJane
Category: Other

less

Transcript and Presenter's Notes

Title: Things to Know Before Launching Own ICO


1
Things to Know Before Launching Own ICO
2
What is ICO
  • ICO stands for Initial coin offering. Funds will
    be raised by startups and companies by creating
    innovative coins with a specific value.
  • It works just like a stock.  Buyers of ICO can
    get a stake in the company or project.
  • Before creating an ICO, the scope of the project,
    goals it aims to fulfill, funds to be raised,
    number of tokens reserved for the founder, and
    duration of the campaign must be considered.
  • In most ICOs, investors purchase tokens with
    pre-existing cryptocurrencies.

3
Let Us Know Some Basic Steps to Be Taken Into
Consideration Ahead of Launching an ICO
  • The two stages involved in ICO launch
  • The Pre-Public engagement phase is where the
    project gets shaped. The vision of the founders
    is disclosed openly. 
  • It can take around six months to 1 year for its
    implementation depending on the projects scope
    and intensity.
  • The Post-Public engagement phase is executed in a
    lesser duration of three months. The project is
    announced to the public and the sale of tokens is
    commenced.
  • More effort is devoted to ensure that the project
    fulfills the needs of investors with eye-catching
    offers. 

4
Figure Out If ICO Is the Correct Choice and Build
the Right Team
  • Though ICOs are highly demanded now, it may not
    work out for every firm. 
  • Traditional fund-raising methods such as venture
    capital financing can also be used to raise
    capital. It largely depends on the scope of the
    project and the target market.
  • Build a diverse team who have prior experience in
    development of blockchain technology and creation
    of cryptocurrency tokens.
  • A strong team will help in pushing the project
    forward.

5
Develop a Plan and Analyze Your Competitors 
  • Firms interested in expansion must have a proper
    plan in place. The ideas created for the business
    must be flexible keeping in mind the changing
    circumstances. 
  • As new competitors emerge in different parts of
    the globe, it is essential to analyze their
    strategies and apply certain aspects in the
    operations. 
  • Situations may arise where multiple ICOs may be
    launched on the same date and time. Special
    features must be introduced to make the ICO stand
    ahead of rivals. 
  • The goal should be to raise maximum funds from
    investors at the lowest cost. 

6
Verifying If ICOs Are Accepted and Creation of
Tokens 
  • Not all countries accept ICOs. Nations such as
    China and South Korea have banned ICOs to
    protect their financial system and prevent
    incidents of swindling. 
  • Companies must comply with local laws and
    regulations enforced by authorities.  KYC and AML
    procedures should be strictly adhered to. 
  • ICO tokens must be developed in different stages
    such as private sale, pre-sale, actual ICO and
    the general sale. The tokens aim to create a high
    return on investment by launching it at the right
    time in the market. 
  • A strategy should be formulated regarding
    distribution, number of tokens for the issue,
    number of tokens to be created in each stage, and
    contingency plans to create additional tokens
    based on requirements. 

7
Writing a White Paper and Focussing on Security 
  •  A white paper is a technical document which
    contains details of the projects vision,
    description of the core team members, allocation
    of funds, development strategy, market analysis,
    and legal issues. 
  • A roadmap of the companys future must also be
    mentioned. If the ICO is launched in multiple
    countries simultaneously, professional
    translators will be required to modify the
    contents. 
  • High priority must be devoted to the security of
    the platform. Efforts must be made to protect
    users data from incidents such as hacking, data
    breach and identity theft. 
  •  Frequent testing and auditing by independent
    third-parties should be done to prevent any
    security lapses regarding investors funds. 
  •  Frequent testing and auditing by independent
    third-parties should be done to prevent any
    security lapses regarding investors funds. 

8
Building Smart Contracts and Developing Marketing
Campaigns
  • An individual or team may be needed for
    developing smart contracts. Success in the token
    sale will depend on its effectiveness. 
  • It will self-execute the allocation of coins to
    investors and authorize the funds used for
    conducting transactions. 
  • Strong marketing campaigns must be implemented
    across various social media channels to attract
    more users. Tools such as Google Ads can be
    utilized for better reach with the target
    audience. 
  • Constant communication with the audience before
    and after the campaigns is important. The focus
    should be on maximizing the sales of the product.

9
Why Choose Blockchain App Factory
  • It is one of the accomplished ICO development
    companies in the industry.
  • From white paper creation, customized token
    creation to effective marketing campaigns, every
    requirement is taken care of by their experienced
    developer team. 
  • Post marketing campaigns are carried out
    effectively through multiple social media
    channels. 
  • Get in touch to avail profitable solutions for
    your business at the most affordable cost. 

10
CONTACT USWebsite https//www.blockchainappfa
ctory.com/ico-developmentTwitter
https//twitter.com/Blockchain_BAF Facebook
https//www.facebook.com/BlockchainAppFactoryLink
edin https//www.linkedin.com/company/blockchain
appfactory/Email Id info_at_blockchainappfactory.c
omContact No 91 6382 665 366
Write a Comment
User Comments (0)
About PowerShow.com