Here is How You Launch Your ICO

in cryptocurrency •  3 months ago

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Launching an ICO is not as simple as you may have thought, yet if it is done the right way; it can bring heaps of funds to your business. There are certain things that you have to deal with before starting an ICO. For instance, you have to ask yourself that why the world needs your solution. Is it extremely a need or you simply want to extend your business? Would you be able to keep maintaining your business without token deals? You have to do a thorough assessment before plunging into this ICO pool. If you think your answers fall into Yes, I do need an ICO, I cannot keep running the business without ICO, and I solve the major problem that is yet to be dealt with, at that point, you should dive into this pool and get your solution recognized by millions of people in the Blockchain network.

As soon as you venture into the ICO market, the potential investors will have an eye on you. They will scrutinize you in the best way possible. If you want to influence any investor or a potential buyer, you need an effective personality and the applicable foundation in addition to an awesome specialized team. The advisors are also as imperative as your team since they will be the special ones vouching for you and your product. This is one way you can advertise your tokens and sell an average or an unforeseen number of coins since we know that people will probably be influenced by successful and known personalities as compared to anyone else.

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Here comes the most vital aspect of your ICO, the technology you will use. You need the greatest level of transparency since potential buyers or investors will look at your codes and everything related to your tokens. You will likewise need to make a white paper that ought to pass on all the data in a nitty-gritty format with an aim to boost your token sales or built up the desired investment for your project. The white paper is basically a business plan for your venture. It should show the innovation behind your startup, the advisors you have backing your project, the roadmap since the day first, and the lock-up period for the founders, advisors, and the rest of the team. This will ensure the greatest level of transparency and will assist potential clients with doing some investment.

Afterwards, you will have to consult a lawyer in order to verify things related to your coins that they are not going off track from the legal stuff. It is the most basic part that majority of the ICOs do not focus on and end up being the victim of the administrative bodies. Given this, it is better to legitimately confirm your project beforehand. Which will spare you from the most prevalent cause behind the failures of many ICOs.

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Time is additionally the primary part of your ICO since it decides to what extent you will run your crowdfunding campaign and until how many days you hope to offer what number of coins. You have to speculate about every one of these things before you start the crowdsale of your coin. What numbers you will have... Like the total number of coins you will have, the hard cap, and the soft cap if you need. Other than that, you need to choose how you need to get money for your coins. You can make a digital wallet for that, or you can also list your coin at a popular exchange. See Bittrex, as many early-stage ICOs are utilizing it. The payment methods are equally as important as the other aspects of your project. You ought to decide the currency you need money in. It could be Ether, Bitcoin, USD or some other you would need the funds in. It is totally up to you, but make sure that your policies are transparent. They should reflect your projects’ responsible attitude while also keeping everything transparent since investors or token buyers do not want the project’s Founders and Co-founders to luxuriate from their investments.

At the last, the marketing is all you would need since it is not sufficient to simply have a brilliant product and people do not even know about it. You need to attend Blockchain conferences and gatherings while also advertising your token sales at different blogs, platforms, and every other means you think can potentially generate your token sales. Therefore, have your word out and let people know how your project is unique and solves the major problems around them.

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Another great piece of work @flash07

It would be great if you would also mention that during that process one need to make decision if he is going to launch security tokens or utility tokens. I think that's very serious part of this issue.

Yours
Piotr

very good posting brother. good luck always in steemit business

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As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!

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Brought to you by @tts. If you find it useful please consider upvoting this reply.

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@tts It's always good to hear your conversion even if it's my own written. Great work guys..

This post has received a 7.14 % upvote from @boomerang.

Waw upvout amazing
Plis upvout andraheri....

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@andrahery Thank You for your kind support

I'm launching my ICO after this. Got to know almost everything about ICO

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@techgamingreport Good luck with your upcoming project my friend. I am glad that our post help you little.

Thank You for your kind support and comment.

Very informatic post bro

Hi @flash07

you have to ask yourself that why the world needs your solution. Is it extremely a need or you simply want to extend your business?

In my opinion many ICOs make such mistake. Many people hear about Blockchain around which there is a lot of money and they simply want to become a part of this business without any serious reason. Such approach, in many cases, leads to the failure.

Thank you for such a quality article :)

Greetings, Jan

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@neavvy

Many people hear about Blockchain around which there is a lot of money and they simply want to become a part of this business without any serious reason. Such approach, in many cases, leads to the failure.

Agree with you my friend. Now a days so many ICOs coming in market with Money intention only..

Thank you for your kind support and comment.

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Thanks for your reply @flash07 :)

Indeed, but such ICOs are very rarely successful. Fotunately market veryfies which project has true potential.

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@neavvy

but such ICOs are very rarely successful. Fotunately market veryfies which project has true potential.

Totally agree with you my friend

@flash07 Really a great post. Appreciate your efforts to deliver such kind of nice work. Best of luck!

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@techstack Thank you for your kind support.

super informational post. thanks, I was looking into this earlier today!

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@cipriano Happy to hear that. Thank you for your kind support.

Great post @flash07
An ICO is just like an IPO, thats what so persons fail to realize, so they most times think it will just work out once they have lunch it, but the truth is, the main work start after the lunching and if not careful at that stage everything goes to the drill.
Cheer @ogt

Appreciated it, thanks for the detailed information

@flash07.... You've actually nailed it about ICOs and I have also learnt alot from this.

For instance, you have to ask yourself that why the world needs your solution. Is it extremely a need or you simply want to extend your business? Would you be able to keep maintaining your business without token deals?

The questions you pointed out are very important to be considered before taking part in ICOs. I think most ICOs related businesses fail today because they fail to understand the listed questions you've sated. Most of them get blind folded because of the money they want to get in haste which later affects their ICOs related business.

I will love to ask that how can one know if his or her business will require ICOs?

Also, do people get ICOs for free and if not, how much is estimated to buy ICOs?

As soon as you venture into the ICO market, the potential investors will have an eye on you. They will scrutinize you in the best way possible.

I am still astonished about how some investors take the lead in investing on ICOs which later turns out to be big in the future.

How can I know the type of ICOs I can venture or invest in which won't later turn to a loss in the future?

Thanks for sharing this great post about ICOs with love from@hardaeborla in courtesy of @crypto.piotr 😀💗

Hi @flash07
Your exposition is classy........
.....what’s good about a project if it not properly advertised

the marketing is all you would need since it is not sufficient to simply have a brilliant product and people do not even know about it.

Great piece of writing. Upvoted!

Very informative article, thumbs up @flash07 resteemed!

Greetings dear @flash07!

Excellent publication. I am pleased that you focus on that precise information that we all need to know.

"The best investment is knowledge"

I admit that with this post I have clarified some doubts and contributed with my knowledge in ICO and BlockChain.

I will be attentive to future publications.

Greetings friend you have my support ...

Atte.
@nachomolina

I was actually before wondering what ICO is as I am new in the space of Crypto. This brilliant and articulate HOW-TO has explained more than enough for me to even inform another party as per ICOs and what they are all about.
I am before you, trying to catchy every crypto related posts brother to make me and others be better as we learn, plan, execute and win big.
@jodekss

wow, @flash07, you are indeed well knowledgeable able ICOs, i really learnt a few great things, and i would like to learn more, how may i contact you? cause i have a great deal of questions to unleash...lol