This is only a part of what the blog will tell you.
As you go on with it, you also discover many exciting matters concerned with ICO.
Initial Coin Offering (ICO) - In simple words, ICO is much similar to crowdfunding.
In the fiat world, the project teams get funds in terms of fiat currencies.
The only thing that differs in ICO is that the teams acquire the funds in terms of cryptocurrencies.
Now that you have an overview, let us dig a little deeper into the topic and uncover more.
You’ll probably review their services, previous projects, and user feedback.
Yet, there are other important factors which you should consider before hiring a reliable ICO development company.
Reaching the better part of the crypto community entirely relies on a company’s resources & skills.
When the rate of token sale advertisements decreases, it is not advisable to waste your time & effort.
ICOs deal with a large amount of money, usually ranging millions of dollars.
It’s really a difficult task to choose a dynamic team that has hands-on experience on successful token launches.
Many of companies over the world are faced with a problem of funding.
In this article, we will consider Initial Coin Offering (ICO) investment scheme.
But instead of shares, investors or people who just want to support the project buy ICO coins (also known as altcoins) or tokens via Initial Public Offering (IPO).
So, to create your own coin, you have to develop own blockchain from scratch.
So, it takes much less time for a development team to build a token based on existing blockchain solution than to create one on their own.
We hope that we've managed to cover all questions related to 'what is initial coin offering' and 'cryptocurrency coin vs token'.
Despite the introduction of ICOs 5 years ago, fund raising using ICO didn’t gain traction until 2016.
Subsequently, 92 major ICOs raised over $1.25 billion in 2017.
A study by Statis Group, an ICO advisory firm shows that 80% of the token sales in 2017 were scams.
They don’t fall under the regulated securities trading space.
China, for example, banned Initial Coin Offerings in the country citing that scammers could use them to defraud investors.
So are regulators helping or hurting ICOs?
Traditionally, it must include marketers, blockchain experts, designers, programmers, and alike (20-30 employees in total).
However, according to BlockChainHub statistics, the ICO profit usually overcompensates its budget.
The most optimal registration countries are Cyprus (the world-renowned offshore area) and other economically developed places like Switzerland, the USA, etc.
It’s also great for a whitepaper to feature relative images (e.g description of the financial distribution can be followed by infographics).
In case of positive results, your website is included on the dedicated list.
The proper ICO website features: a user cabinet (which also requires to include various payment methods, integrate your platform with the most popular e-wallets, and, if possible, connect the services like Escrow), newsfeed/blog, ad banner & video presentation, ICO & its stages description, small box with your team’s key members’ stories, whitepaper download link, a bunch of social networking pages links, and a FAQ.
We, bitdeal a reputed ICO development company in India, have extended our Initial Coin Offering Services to various countries by focusing every part of the ICO, like smart contract development, token development, white paper creation, ICO marketing Services, and ICO Consulting services and so on.
Initial Coin Offering Services : A business to business services that cover all the elements and crowdfunding parts of an ICO launch, through which the issuer ( the party who issues token through which he can claim funds for his product) can enhance his ICO process, and can boost up the token sales with on-time relevant decisions with the help of an ICO development company like bitdeal.
Our Initial Coin Offering Services covers proper community management, referral program, and token listing services.
At bitdeal, we provide complete bug-free ICO Website Script, that could help you to set up the ICO crowdfunding platform inbuilt with Investors Dashboard, Admin Dashboard, and Fund management dashboards.
We are having a separate team for design, development, testing and deployment.
By proceeding agile process on ICO Development, we can meet the deadline on time with no pitfalls and struggles.
Needless to say, ICO did create a huge impact amongst the tech geeks and the investors.
Though it was initially hard to move on from ICO to IEO, the adoption did bring in a lot of benefits to both the investors and the token creators.
At the same time, the industry did witness a boom in the IEO development companies.
Unlike ICO, IEO takes place on the exchange platform.
Although ICO did well in the early stages, the loopholes were overly misused.
IEO is developed with the thought that all the shortcomings in ICO should be patched along with providing only credible projects to the target audience.
