Raise funds quickly by partnering with an ICO Token Development Company

Unquestionably, every business firm in the world requires funds to sustain its operations in the market. In recent times, more attention is being given to the crypto industry. In these times of economic downturn, people are putting more money on Bitcoin (BTC) and Ethereum (ETH) and other digital currencies. Are you a cryptopreneur who wishes to receive ample funding for your business venture? Reach out to AppDupe, a well-known ICO token development company. 

What are the key aspects to follow while coming out with an ICO?

Analyse the strategies followed by competitors – There are more than 17690 digital currencies and the 24-hour trading volume is more than $108.97 billion. Importantly, several crypto ventures are cropping up across different parts of the world. Hence, you must have a close look at the tactics being followed by your rivals. 

The strategies comprise preparation of a robust Minimum Viable Product (MVP), knowing the utility cases of virtual assets, and the value proposition being offered to the target audience. 

Besides that, you need to focus on transparency while organising an Initial Coin Offering (ICO). Generally, these crowdfunding campaigns are of 3 types, Equity, Rewards-Based, and Subscription-Based. Hence, you should share information about the soft cap, hard cap, total token supply, along with the short-term and long-term roadmap.  

Comply with rules and regulations issued by authorities – It is essential to follow guidelines related to Know Your Customer (KYC), Anti-Money Laundering (AML), and Combating the Financing of Terrorism (CFT) while launching an Initial Coin Offering (ICO). This helps in capturing the trust of crypto investors. Generally, ICOs act as security offerings when listings happen in capital markets. 

Project creators offer a specific number of digital assets to retail and institutional investors. They have to purchase these virtual tokens after seeing the price, availability, payment methods, and the listed exchange.  

Besides that, you can opt for selling a specific number of tokens at a fixed price or giving away tokens at different rates. Moreover, it varies depending on the size of the fundraising campaign. 

Importantly, you can entice investors by giving discounts for early buyers. This enhances accessibility and boosts the popularity of the crypto project. In the long run, it is appropriate to conduct your Initial Coin Offering (ICO) in a crypto-friendly jurisdiction. You can choose it after taking into account factors like the taxation rates, adoption of blockchain technology, and policies regarding the mining of virtual currencies. 

Develop the token – You have full liberty in choosing the token name, total supply, price of the digital asset, and the date and time of the token sale. Moreover, this can be done after choosing the right blockchain network (Avalanche, Ethereum, Binance Smart Chain, Flow, Polkadot, TRON, Solana, WAX, Tezos, Waves etc). 

Subsequently, you must finalise a strategy for distributing the tokens to investors. It includes organising a private sale for high-net-worth individuals (HNWIs), conducting the Initial Coin Offering (ICO), and later giving away virtual tokens via a general sale. Likewise, you can increase the supply of tokens if there is more demand from investors. 

Prepare the whitepaper – Unquestionably, investors will make the right decision to put in money after going through the whitepaper. Our experts will include all information like a comprehensive description of the project, tokenomics, the total fundraising plan, the special media accounts of the members, and the roadmap. 

Moreover, the token sale event has to be organised in compliance with national and international laws. With a huge number of projects being launched across the universe, it is important to focus on the Unique Selling Proposition (USP). You can grab the attention of users through eye-catching charts and graphs. These quantitative representations will disclose the problems being solved by the project. 

Apart from that, information about the short-term and long-term targets should be disclosed. This will enable investors to know if the milestones mentioned in the whitepaper have been successfully completed. With special focus given to style, text, format, language, and templates, a detailed whitepaper is prepared. Subsequently, it is shared on various crypto forums, instant messaging apps, and social media platforms. 

Set up the website – With Internet penetration soaring, you must launch a website. It acts as the first point of communication between you and the entire group of crypto investors. Thus, our well-versed crypto geeks will share information about the solution being offered to solve certain problems. 

Subsequently, separate sections are allocated for disclosing details about the roadmap for the next few years. This helps investors in knowing the short-term and long-term goals to be fulfilled. 

Besides that, the inclusion of the names and social media accounts of creators and founders will lead to more transparency. Moreover, the preferences of investors can be known through interactive sessions. Contributors can also stay in touch with the community. They need to be part of groups and channels on platforms like Telegram, Discord, and Reddit.  

Implement marketing campaigns – We will ensure that a positive word-of-the-mouth (WOM) buzz is created ahead of the Initial Coin Offering (ICO). The solutions include paid advertisements, influencer marketing, search engine optimization (SEO), community management, email marketing, token listing, video marketing, and landing page optimization. 

Besides that, you will know the status of the marketing campaigns. Comprehensive reports are prepared regularly. This gives an overview of the traffic, leads, clicks, impressions, and views. In the long run, you can tweak the marketing strategy based on the interests of the investors. 

Wrapping  Up

The future of Initial Coin Offerings (ICOs) will depend on several factors. With a huge frenzy over billion-dollar fundraising campaigns, project creators have to take into account different contingencies. 

Moreover, due diligence is essential while convincing venture capitalists (VCs) and revealing information to regulatory authorities. Besides that, investor protection guidelines are evolving from one country to another. This will also determine the success of projects selling tokens. End your wait now? Join hands with our ICO token development company and take your crypto project to the next level.

Hire an ICO development company and receive adequate funds for your crypto venture

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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.