Popular Journal declared Initial coin offering (ICOs) to be the “New Road to Startup Riches”. With ICO, one can make a huge amount of money and get started with their own Cryptocurrency business easily!
This blog covers a broad set of considerations you will require to address when launching an ICO. It focuses on strict legislation compliance, trust, transparency, credibility, and long-term development. Since they are essential to the long-term success of a project.
What is ICO?
ICO is a new way to fund projects. The system is pretty similar to the traditional one with shares and has exactly the same purpose — raise some money to grow the business. In the last previous years, more than US$600 million has been raised by way of initial coin offering a variety of startup ideas utilizing blockchain technology.
ICOs are extremely popular in the digital currency space because they fulfill one of the fundamental promises of Bitcoin – they allow startups to receive investments via the Blockchain. Blockchain from anywhere in the world in a decentralized manner, without the intervention of third-party financial institutions.
With this mind, if you’re considering launching an ICO, there are some critical steps to consider before going public.
Which Countries Are ICO-Friendly?
We outline solidly 8 big countries that we’ve identified being the friendliest towards ICOs and crypto startups. Read on for a quick look at the nations that have the most cryptocurrency-friendly regulatory systems.
- The Cayman Islands
These are the countries to launch ICO that have the most lenient laws when it comes to ICOs. Countries allowing ICOs with Future Regulations. As many countries begin to understand its potential, they are looking for approaches to legitimize virtual cash and compose ICOs astutely so as not to fall behind in worldwide development.
To pick the correct nation for an ICO launch, we should examine different countries and their administrative strategies toward ICOs.
Steps to launching an ICO:
- Back-End Infrastructure
Right off the bat, you need to check for the following steps before you get started:
- Data Processing
- Quality Control
Make sure you have relevant answers for all these categories and get started with launching an ICO.
- Timeline / Roadmap
Timeline is going to be the major factor involved in creating an Initial Coin Offering. Come up with a requirement that tackles it. Next comes the roadmap. This explains to you the different steps involved in launching an ICO right from Business requirement gathering to deployment.
Whitepaper plays a great role in a project. Drafting a White paper involves different strategies such as Project Requirements, Motto of the Project, The Team Involved, etc.
- Marketing / Advertisement
It is important that you introduce your Initial Coin Offering project to your target audience. This can provide a huge impact on your project and help you in gaining a huge amount of funds easily.
- Token countdown
Start selling your tokens to the global audience within the specified time and get the desired amount of profits you are expecting.
- Technical Team
Maintain a Technical team to solve the issues on the technical part if any.
- Strong Advisory Board.
Since not every country has legalized ICOs, it is important that you should have a strong board to handle them.
Why you should have an ICO Website?
Because more than 2.4 billion people use the internet every day. So by not having an ICO website, you will be missing out on a big opportunity for your business.
Time to release your ICO website! It’s your time! Launch your ICO website! Increase Your Capital!
You can create an ICO website, easy can find out your potential customers about you and any of your projects online. We deliver a valuable platform we first design thoroughly comprehend the goal, capital, and time-frame of business investors.
Where to launch my ICO?
ICOCLONE is one of the first companies that has launched a “turnkey” solution for cryptocurrency startups. We offer a technical solution that fully automates the entire ICO process and fundraising for the project. You get money and investors get tokens. We provide an end-to-end ICO launch services provider for cryptocurrency startups.
We are one of the most popular ICO platforms for building a website. It is easy to navigate, inexpensive and totally customizable. The time needed to launch your ICO website is 2 weeks.