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ICO or Initial Coin Offering,is a fund raising method using cryptocurrencies.Crowdfunding is mostly followed,but now a days private ICO's are becoming more common.It is a process by which cryptocurrency is sold in the form of "Tokens" to investor,in exchange of other cryptocurrencies or legal tender
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How to launch ICO? www.bitdeal.net
ICO-Initial Coin Offering ICO or Initial Coin Offering,is a fund raising method using cryptocurrencies. It is a process by which cryptocurrency is sold in the form of "Tokens" to investor,in exchange of other cryptocurrencies or legal tender
Benefits of ICO • ICO coins can be consolidated or subdivided. • As the supporters increases the fund raises respectively and so the investment as well • The token introduction can be initiated in any country of the world. • The decentralized system makes no involvement of the central government and banks.
Steps to launch ICO STEP 1:Analyse and decide • First and foremost,analyse and know about your business and the effectiveness of ICO's uses in your business. • The impact of ICOin your business should be useful and should increase the value of your product
Steps to launch ICO STEP 2: Create a Product • The next step is creating your product which should be solid,robust,secure and scalable. • The product should explain about its uses and importance as well as the changes that it will brings in the world.
Steps to launch ICO STEP 3:Create a Token • Creating a token, means creating an asset that your business needs to survive. • Tokens can represent any tradable good such as loyalty points, gold certificates, IOU’s, in-game items, etc. • The sale of tokens are controlled by smart contract.
Steps to launch ICO STEP 4:Obtain Legal Opinion • To avoid trouble, you will need a formal legal opinion and a legal description of the token offering and what investors actually get for it. • Thus after creating your token,get a legal description for your token. • Legal framework changes from country to country.
Steps to launch ICO STEP 5:Write a Whitepaper • A whitepaper is one which clearly explains about the product,how it will be working,what changes it will bring,as a whole business model that explains about business plan,technical plan and marketing plan.
Steps to launch ICO STEP 6:Create Hype and community • Make your token to be known by more investors and create a hype at intital stage of your token. • This inital hype of your token will surely increase your investors count and community.
Steps to launch ICO STEP 7: Reachout Your Token on exchanges • Finally,get your token out to exchanges to carryout buying and selling process. • It may requires coin name,coin trading symbol,logo,description of the product,source code,etc.,
BITDEAL • Bitdeal stands as a best solution for your ICO launch as it helps you starting from token creation,getting legal descriptions,creating white paper for your ICO. • Bitdeal also helps you,to reach out your token with high community by creating hype for your token through various channels.
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