What an ICO truly means???
Initial coin offers the newly emerged concept of crowdfunding in blockchain and cryptocurrency. Basically, it is an event, when a digital company releases its own cryptocurrency. The company usually release a number of crypto-tokens. As a result, users get their crypto token’s share and the company gets its fund to develop more products.
Are ICO campaigns suitable for the business???
For a business setup, it needs a proper homework and campaigns session also. Some business owners consider that ICO is an important tool for any startup. With advertisement process, it allows to raise your money and registering IPO with agencies.
Whereas, in the case of the digital world, ICO ideology is getting more achievements. There are few standards which play an important role to accomplish the actual requirements of a successful campaign. Here, the first requirement is to generate the value of the cryptocurrency for users.
ICO market depends upon two pillars such as authentication and transparency of a transaction or dealing. Due to this, owner of the project will not able to get an extra reward on contributors’ amount.
So, before conducting a crowd sale token campaign keeps authentication and transparency sessions to minimize the risk of detrimental.
Can I conduct an ICO campaign?
ICO has the ability to create a profitable campaign. ICO crypto-token can be easily integrated into any business model. This is the fundamental problem that a token comes under massive speculative pressure and end up with the level of heavy demand.
In the same way, your plan is to decentralize your token and increase the value of it, it’s a part of the business feel free to read on. On the other hand, there are much better ways such as plain old crowd funding or VC funding.
What should I focus on before launching?
ICO campaign owner always has the team work with goals and potential. They make their effort to attain three answers of the question. As a result, they get the profitable campaign.
Who is working on the campaign which includes market reputation, communication level, message to the digital market and definition of your product.
Explain project’s goal clearly.
And, what you have for the contributors in your product.
How to pull the team in ICO?
You’ll need an experienced and hard working team during ICO campaign. Avoid the hiring of unaware team members. A professional team with their face and portfolio on the social media platform, easily available to any potential contributor.
How to communicate with the audience?
Simply take a white paper. In addition, write down the technical aspects of the project, problems, and their solutions, targeted areas, a proper channel. Make it sure that your goals are well-defined and have real worth.
How to protect the investors’ interests?
Offer the premiums like discounts to the early investors. For investors, interest introduces escrow wallet for the contribution. And, make it sure to the investors that investments are refunding in case of failure.
Most important factors of ICO
A campaign depends on the two factors,
These two factors directly create strong effects on a campaign.