There’re a number of things you need to give your special attention when starting an ICO. More and more people are entering crypto industry, thanks to a variety of benefits associated with crypto business. If you, too, are planning to launch your own ICO, you should consider all the factors involved prior to finalizing anything. This article is for those wanting to know more about ICO execution. But before proceeding further it’s worth having a look at ICO definition.
What is Initial Coin Offering (ICO)?
An Initial Coin Offering (ICO) is an unregulated mean by which capitals are raised for the new crypto ventures. ICOs are used by novices and startups to bypass the regulated fund-raising process required by banks or venture capitalists. In Initial Coin Offering, a specific percentage of digital currency is sold to initial supporters of the project in exchange for other cryptocurrencies such as Bitcoin.
Here’re a few tips that will surely help you run an effective ICO campaign. Let’s have a look at them below:
Find inspiration from other ICOs
Your ICO should be unique and appealing so that it can attract potential backers. Do your research online to find out which Initial Coin Offerings raised maximum funds and what type of techniques they adopted to accomplish it. There’re many sites rating ICOs. You should visit them to get the best advice regarding your ICO.
Announce your Initial Coin Offering
After creating white paper and building your team, find a veritable online website to announce your ICO. You can easily be bewildered by different websites claiming to offer top of the line services. So, you should perform your due diligence to make sure you’re using the right platform for you ICO announcement.
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