Let’s admit that the digital world has changed a lot in the last several years. The Blockchain era we are living in today has introduced to the business some major innovations and has become the new frontier in the financial industry.
With new technologies applicable to a big variety of industries, startups became attracted by the idea of the Initial Coin Offerings (ICOs) aiming at bypassing the highly regulated capital funding process demanded by both investors and banks.
When deciding to Launch ICO Token, it is critical to follow a strategic set of steps targeted at giving you the maximum amount of exposure.
Produce and legitimize a token
After the product is created, it is time to create an asset in the form of a token. Whether it is based on bitcoin or ethereum, your ICO has to undertake the process of legalization in order to comply with the respective country’s rules and regulations.
Compose a whitepaper
All the technicalities of your product have to be covered in the whitepaper. It must include the information on the problem’s solution, tools used to solve it, the team responsible for its implementation, as well as token generation and distribution strategies.
Spread the word about it
Create a hype around your ICO - be it through a well-planned marketing campaign or through the social media platforms. Getting the attention of investors supporting you and your token is key at this point of launch. It is just as crucial to list it on exchanges thus increasing its chances of success.
ICO framework is going to continue getting more and more recognition from all the different industries around the world. Since the entire process of launching an ICO can be time-consuming and costly, the use of the blockchain agency like Blockchain App Factory can greatly help you to avoid the beginner’s mistakes.