Presently, ICO is the most preferred platform for startups and entrepreneurs who are willing to raise funds through crypto. This crypto crowdfunding platform is the ideal way to raise potential funds quickly in the crypto market. We know that crypto fundraising is the trending one and more popular among business-class people, organizations, and other individuals in recent years. When it comes to any new blockchain-based projects in the crypto marketplace. Then, Startups and entrepreneurs can kick-start their businesses by utilizing the ICO platform.
Since 2017, blockchain-based ICO’s projects are the reason behind crypto fundraising. Besides these, around $6.2 billion raised effectively from 875 ICO projects. Indeed, between December 2017 and January 2018, the price of all the major virtual cryptocurrencies reached the highest peak in the marketplace. This made many startups and entrepreneurs launch a successful ICO token sales platform by using powerful ICO script software. But many people are searching for tips for launching an ICO to raise funds quickly.
So, in this article, let us discuss some best tips that you can consider for launching a perfect ICO platform for raising funds.
Now, let us begin with…
What is an ICO?
Every crypto enthusiast knows that ICO stands for Initial Coin Offering and it was the first one to enter the market as a crypto fundraising model. Since 2013 it has been a popular crowdfunding model among investors and crypto startups. This platform helps crypto startups, entrepreneurs, or business-class people to raise their funds quickly and effectively. In other words, we can say that ICO is a third-party monitored token sales platform. Here the investors are responsible to pay the assets in terms of any cryptos or fiat currencies. Besides, Initial Coin Offering is an effective way of funding a new crypto token or digital currency in the marketplace.
The first ICO project was a master coin and it was launched in 2013. This project raised more than $500,000 and inspired many crypto enthusiasts. In the next year, 2014, Ethereum raised about $2.3 million within 12 hours of token sales. By seeing this, many people create cryptocurrency and crypto tokens for raising the funds through ICO platform. Some experts in the crypto space say that ICO is far similar to an IPO(Initial Public Offering). But ICOs don’t have any real-time assets to back them. The biggest problem faced by many people in Initial Coin Offerings is, they are not monitored properly by the third parties. Here you can create a project with proper white paper. So that you can grab a great number of crypto investors from various countries for your ICO project.
Earlier, due to improper monitoring, many fraudulent activities happened on the ICO website. So if you want to create a secure ICO platform to raise funds, then you need to connect with a top-rated ICO development company. One such company is Icolone. To avoid fraudulent activities, we integrate high-level security mechanisms in our ICO script software. By using our ICO development services you can raise your funds in a hassle-free way. Also, if you are an owner of the platform, then you can earn additional income in the future.
Now, let us see
Ideal Tips to Launch a Successful ICO
Here we list the best tips for launching a perfect and successful ICO
Determine your Goals Promptly
Like any other blockchain-based campaign or project, ICO has its precise goals, ideas, and objectives. If you want to launch a successful ICO, then you have to explain more about your project and its goals. You need to attract the users or audience by your ideal explanations. You can either do this through white paper or a roadmap. Both reports can attract many crypto users, investors, or business people. Only if they are correctly written by professional experts.
The whitepaper is a document that explains more about your ICO project and the problem they want to solve. Also, it includes your business goals, objectives, and plans for the future. The roadmap is also a document that explains the timeline of your ICO’s activities. It clearly shows from project development to its launching. Also, each stage of the project information is written in a roadmap.
Prepare a White Paper
The whitepaper is a document that explains completely your ICO project and the problem that wants to be solved. Besides, it inspires investors’ trust, advertises your crypto product, and proves your credibility. A brilliant blockchain business idea is incomplete without a transparent white paper. If you want your ICO to be successful, then you need to prepare a whitepaper. Crypto Investors take Whitepaper very seriously. Because white paper explains, demonstrates, and acts as information to determine whether your project is original or fake. Ensure your Whitepaper inspires crypto investors and other crypto enthusiasts. Because an ICO launched without a whitepaper will not have a clarity of vision.
Your ICO whitepaper must include some key factors to launch a successful ICO. Such as
- Market research
- Roadmap of your product
- Team and advisory board overview
- Information on your token generation model
- Distribution of your token
- Timeline and milestones of the project
Many crypto investors consider ICO whitepapers as a signaling tool to reduce the risks of fake ICO projects.
Create a Crypto Token
Crypto token plays a major role in launching a successful ICO. To run an ICO campaign, you need to create a crypto token. You can either create a crypto coin or crypto-token for raising funds. But creating a token will be lucrative for you. Because for developing a crypto coin, you need to generate a new blockchain and it’s a kind of tedious one. Whereas, crypto tokens can be easily created under the existing blockchain. That’s why many people are preferring to develop a crypto token rather than a coin.
Crypto token creation might be the simplest part of the ICO development process. But plays a vital role in raising funds and in launching a successful ICO in the marketplace. Crypto tokens represent tradable goods, digital coins, loyalty points, gold certificates, in-game items, and more. Crypto tokens are far similar to shares of a company sold to investors in an IPO platform.
Before creating a crypto token, you need to consider some factors. Such as the number of tokens you want to raise, the number of crypto tokens you will issue, the number of tokens you are going to retain for the team & sell within the Pre-ICO and decide when you will provide extra tokens.
For creating a crypto token, there are several token development platforms. But Ethereum and Tron is the best open-source blockchain platform for developing tokens. These two blockchain platforms allow you to create a crypto token with ideal features in a trouble-free way. So you can either choose Ethereum or Tron for creating a crypto token to raise the funds. The crypto token sales are completely controlled by smart contracts. The smart contract is a computer program that controls the transfer of crypto assets between two parties under certain conditions. Also, it avoids the third-party and other intermediate while performing crypto transactions.
Identify the location to Launch your own ICO
If you are planning to launch an ICO, then determining the location is very essential. Each country has different policies regarding building a fundraising module. There are some major ICO-friendly countries across the world. Such as Singapore, Hong Kong, Switzerland, the Cayman Islands, and the British Virgin Islands.
You have to note one thing in your mind. If you provide any new crypto tokens to United States residents. Then you need to undergo the SEC(U.S. Securities and Exchange Commission). Also, you need to avoid naming your token security. because it will instantly become subject to investigation. So you should choose the best location to launch your own ICO. This might help you to gain more profits.
Hire a Strong & Well-Skilled ICO Development Team
In recent times, many successful ICO software platforms are completely developed by professionals and skilled developers. Those blockchain developers will be entirely dedicated to the ICO project. Also, they will have deep knowledge of developing and deploying a successful ICO. Your ICO project can reach the targeted audience easily, only if you hire a group of skilled and qualified professional ICO development teams.
The ICO development team must include blockchain enthusiasts who are interested in developing and establishing a profitable ICO project. It is crucial to include the details of blockchain developers with their social media accounts on your website. So your targeted audience can see more about your ICO development team. These actions help to gain more confidence and trust for your ICO project. You can hire a dedicated and certified ICO development team from Icoclone. We have a pool of in-depth experienced blockchain developers for developing and delivering the ICO project within the given time frame.
Activate all Social Media Marketing Channels
Marketing and promotions are essential to make a successful ICO campaign. Currently, social media is the best and perfect platform when it comes to digital marketing. Even many big companies promote their products and services through social media platforms. Thus, your ICO project needs to be promoted and published on many famous social media channels. Such as Facebook, Telegram, Twitter, Instagram, Linked In, and Youtube.
You can also promote your blockchain-powered ICO project through popular cryptocurrency-based channels. such as Bitcointalk, Reddit, coins schedule, coin gecko, and many channels available on the internet. These promotions will help you to expand your business and also helps to raise funds quickly. Apart from these, many crypto audiences can see your ICO project and will learn about it.
Prove your Statements
The majority of participants will not take part in your project if you don’t have proof of your work. It can be done through a live working product with users. You must learn how to demonstrate your goals before you launch your own ICO. This tip will definitely be helpful for having a successful ICO. also, for attracting a huge count of active participants.
List Your Crypto Token on an Exchange
Once you have developed a crypto token, prepared a whitepaper, and marketing strategy. Then you need to reach out to your desired crypto exchange to list your crypto token. As we know, crypto exchanges help people to buy and sell your crypto token on the open crypto marketplace. So listing your crypto token in the prominent exchanges is essential. You need to submit the request to the admin of the exchange for listing the token. The following elements are mandatory when you submit a request in exchange for a listing.
- Crypto token name
- Token symbol
- Description of the project and your token
- Token logo
- Launch date
- Source code reviewed by trusted third party
- compliance fee (in some cases)
By submitting these details to the exchange, you can list your crypto token on the exchange platform.
Nowadays, ICO projects and campaigns have become very popular in the crypto space. By using premium ICO script software, many people created their own crypto tokens and raised funds in a short period. But, you should notice that success doesn’t come overnight. That’s why we are giving you these ideal tips to prepare a good strategy. By using these tips, you can launch a successful ICO without any hassle.
Benefits of Launching Your Own ICO
- It is a crowdfunding platform and anyone can launch an ICO website. So does not need to be well-financed to get started
- Launching cost is comparatively low than other crowdfunding models. so it is very easy to launch for startups and entrepreneurs.
- The entire installation process is easy.
- High liquidity in a short period.
- Anyone can easily participate in your ICO.
- Investors can have full control over their funds.
- It has multiple fundraising programs like private sales, public sales, and airdrops. That allows some users to get tokens for free.
- No government and bank intervention.
Why Choose Icoclone for ICO Development Services?
Icoclone is an outstanding ICO development company in the industry and has a great number of years of experience in providing ICO development services with perfect outcomes. We are specialized in offering error-free and customizable ICO script software at affordable rates. We have so far offered 100+ premium ICO script software to all our international clients. Icoclone has a team of experts and well-skilled developers for developing a secure ICO script software with all the latest features. If you are planning to launch a successful ICO. Then by using our first-quality ICO script, you can easily launch your own ICO platform within a few days. You can also customize your desired features in our ICO script as per your business requirements in a hassle-free manner.
Get in touch with us to start your ICO business journey.