We are in the midst of a Blockchain revolution. Today, many companies believe that digital currency will be the next frontier in money/finance. Yes, indeed!! They are completely correct. Initial Coin Offering (ICO) is a novel strategy used by aspiring startup companies to launch their product and raise funds for their cryptocurrencies. By launching your ICO, you can achieve tremendous success. As a result, ICO development services are attracting an increasing number of entrepreneurs. If you want to launch your own product and are looking for ICO software, then read on.
How Do You Launch An ICO In 5 Days?
To begin, you will require a landing page and an ICO backend where investors can purchase your newly created tokens using bitcoin and Ethereum. We have a pre-built software solution that can complete this task in two days. Following that, the primary task will be to market the ICO. You can launch your ICO software in just 5 days if you follow these day-by-day instructions. So, roll up your sleeve and prepare to perform the following tasks:
DAY 1 – CONSIDER AGAIN whether the ICO is appropriate for your business and proceed accordingly.
The first question that startups should ask themselves is whether an ICO is truly necessary for their business. Well! In the crypto world, launching an ICO does not guarantee that your business model will also adopt the blockchain ethos. It is more dependent on how well the ICO is integrated into your company. Obviously, there are numerous roadblocks along the way. When a token is released into the market, it is subject to intense speculation. The success of a token is solely dependent on — strong demand generated by market participants.
The following critical step is to create an actual product. Creating a real product is critical to the success of any ICO. So, take your time and use Blockchain technology to create a solid, secure, robust, and scalable product. It is actually safe for new businesses to make a small investment in developing a product. It will benefit their business because people are more likely to invest in an ICO that has a working product.
DAY 2 – Create the Token and obtain all legal opinions for your company.
The simplest part of the entire ICO process is to generate a token. A token can be a security token that represents a portion of the company or a utility token that will help the product work. It is the simplest but also the most difficult because the token is the actual asset of any business. Any tradable identity/goods, such as digital coins, gold certificates, loyalty points, in-game items, IOUs, and so on, can be represented as a token for your business.
Determine the scenario ahead of time: how much money you want to raise through the ICO, how many tokens you need to issue, how many you need to keep and sell, and so on.
Before entering the token market, obtain a formal legal opinion. Because you are using other people’s money, it is important to understand the legal description and formal legal opinion of the token offering. The top three reputable law firms to follow are: 1. Cooley, 2. Perkins Coie K&L Gates is number three. These law firms assist you in becoming familiar with all applicable laws and regulations (that must be followed to launch an ICO).
DAY 3 – Create your product’s whitepaper.
Writing a white paper is a difficult task. The whitepaper is a detailed description of your business plan, marketing strategy, and technical prospectus (of your product). It is critical to create and publish a proper whitepaper for your product. For this time-consuming component, hire an experienced content writer.
DAY 4 – Get involved in the community and spread the word.
Make a big deal out of your token. This is an essential step that cannot be skipped. Consider what will happen if investors are unaware of your token. You obviously can’t have your token sale in that case. To establish your presence in the cryptocurrency community, you must actively participate in it. Invest your time and money in the ICO marketing platforms listed below:
Bitcointalk is currently the most popular forum. The feedback you will receive here will undoubtedly benefit your business.
Engage in thematic subreddits to find your target investors. You can also create your own channel right here.
Bloggers and tech experts frequently use ICO calendar websites to compile “best ICO lists.” These websites include coingecko.com, coinshedule.com, icocrowd.com, icocountdown.com, coinlist.com, and many others.
You should actively participate in discussions about specific cryptocurrencies and ICOs on Quora. Don’t forget to backlink to your ICO’s landing page.
There are hundreds of LinkedIn groups that discuss ICOs, including Bitcoin Blockchain & FinTech Think Tank > Cryptor Trust, BLOCKCHAIN Professional Network, and many others.
Potential investors are present in Slack and Telegram communication channels. So don’t waste time and establish your presence on these communication platforms.
Facebook groups like FASIS are another place to find the ICO’s news. Creating a buzz about your ICO in these groups is an excellent marketing strategy.
Trust is the most significant impediment to the success of your ICO. Find the right influencer in your niche and pay him to do marketing for you so that you can grow your web audience.
DAY 5 – Begin pursuing token exchanges.
After a successful token sale, you should begin reaching out to ICO exchanges to list your token. Following approval from the token exchange, investors can buy/sell your token on the open market. It would be fantastic to be accepted by the most well-known and trusted exchanges, such as Bittrex and Binance. If not, even minor exchanges will suffice for the time being.
The success of any ICO project is not based on rocket science. You should hire cryptocurrency experts to assist you in launching your ICO. We are a leading provider of ICO development services. We have pre-built ICO backend software for token sales that can be integrated into your website in as little as two days. Please contact our experts if you require any additional information or advice. Our team is always available to provide you with the best solution for your particular business model.
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