As entrepreneurs, you all know how important is crowdfunding for a startup or an organization. It is the core platform that earns investments for an organization from various investors. After ages with the advent of digitization, crowdfunding activities started happening on digital platforms. ICO Launch Service Provider Initial Coin Offering Service Providers
What is an Initial coin offering, and how does it work?
The ICO or Initial coin offering is a crowdfunding mechanism handled by startups and companies that aims for a new product launch. Generally, in ICO crowdfunding, the startups will prepare the tokens for the investors in exchange for the fiat currencies for investing in their companies.
This is quite a strategy used by startups to raise a good source of money for their businesses. In ICO, the investors are given the flexibility to either pay in fiat money or cryptocurrencies. The ICO platform supports only utility tokens, and only those can be sold on the platforms to the investors.
Through this fundraising model, the startups can raise funds by issuing tokens on the blockchain. These tokens are exchanged for fiat currencies invested by the backers or investors.
What are the benefits of ICO?
Let us have a look at the underlying benefits of an ICO based crowdfunding platform,
- Decentralization
ICO is completely transparent for the users, and anyone can access it. It can accept funds from both fiat currencies and cryptocurrencies. The only major requirement is that the users should be available to make their fund transfers on time.
- A white paper will be a great way to educate the investors.
ICO reduces unnecessary paperwork. Instead of printing the whole content on manuals, a white paper will be a great instrument to educate the investors.
- Improves the Community based interactions
The ICO development will largely pave the way for you to build a community around business projects. On the other hand, you will also earn your credibility.
- Increases the number of investors
ICO also increases the visibility of your business among other investors. Gaining a lot of investors for your business will also increase the hype and scope of your newly ventured project.
Got ideas for launching your ICO platform ?
Connect on WhatsApp The step-by-step process involved in ICO development
- Get clarity about ICO by conducting frequent market research.
Before proceeding with the development, it is important to conduct market research and understand the nature of the market. Through this, you could find an answer to the question- why do you need ICO for your business? You can also gather information about various other ICO platforms and analyze their performance.
- Know your target market
The next step is to identify your potential target audience to market your platform. By doing so, you will also be able to find out the location or country for launching your ICO. There are different regulations in different countries, and all these factors matter a lot in your ICO. When it comes to competing with others, there might be a lot of key players in the market, so you have to figure out your strategies to stay unique from others.
- Prepare your white papers.
Once your plan is ready for materialization, you can start drafting your white paper. A white paper is nothing but a guide that gives you complete information about the project. This will help you in convincing your investors to invest in your company.
- Have top developers on board for your ICO development
This is the crucial stage of your ICO development where you have to hire top developers who are experts in developing ICO. Conduct frequent analysis on the market to identify the best developers. You can hire a team of the best developers with good experience in ICO development services.
- Create your crypto tokens
The moment you are ready to create your ICO platform, you should also focus on developing your crypto tokens. With a pool of talented developers, you can develop your effective crypto tokens. You have to employ perfect software and technical architecture to develop your ICO platform.
- Pre-launch and post-launch marketing
The major success of your ICO lies in the effective marketing strategies where you utilize the available mediums to market your ICO. Social media is the best way to market your ICO, where you can run advertisements and promotional content to allure the people. You can also try out Google Ads and forum ads.
What are the extraordinary features of Appdupe’s ICO platform?
- Appdupe’s ICO smart contract development services provide unique addresses for all the users of the platform. Every user will have their own address, which prevents it from being hacked and phishing.
- The ICO platform will provide unique sign-in and registration credentials for all the users. Even if they lose their private access, they can easily recover their coins.
- Our platform has a KYC verification process where the platform will examine and verify the users by checking their documents. This will prevent you from cybercrime.
- The admin panel of the platform will enable you to have a complete view and glance at what is happening in the platform. As an admin, you can peek into the app whenever you wish.
Why choose us for your ICO development?
Appdupe has been in the market for several years. We are expertise in developing ICO platforms and cryptocurrency tokens. Our extremely talented and skilled team will create an exclusive decentralized system for your token. In simple terms, we will be your perfect launchpad to start your ICO platform.
Wrapping up,
ICOs have become the new phase of crowdfunding. Gone are the days when crowdfunding campaigns are conducted on office setups. Over digitization, ICO is the most sought-after idea by startups and companies to conduct their crowdfunding activities. You can contact Appdupe to sort out all your queries and doubts regarding your ICO development.
Share your ideas with us, we are here to shape them up!
Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.
