Crypto crowdfunding is one of the popular methods followed in the crypto ecosystem for raising funds. Various types of crypto crowdfunding are prevailing like ICO, IEO, STO, etc. Among these methods, ICO is more popular and widely preferred by many startups and entrepreneurs for collecting funds for their businesses.

In this article, we shall discuss initial coin offering (ICO), how to create an ICO, their advantages, etc. Without any delay, let us initiate this blog with…

What is meant by an ICO?

ICO is an independent and decentralized fundraising mechanism carried out by many budding startups and entrepreneurs for raising funds. In ICO, a new crypto token will be created for raising funds. The fundraising startup will publish its whitepaper and if the investors are interested in the ICO project, they’ll fund it.

Once the investors put their money into the ICO project, they’ll get the crypto tokens in return from the startup. All these processes are done in a decentralized manner. Here, no middleman or central authorities will be involved in the fundraising process. Another core advantage of ICO is, a maximum level of funds can be raised i.e there is no limit to raising funds.

Now, you might be interested to know the steps behind launching an ICO. They are mentioned below.

How to Create an ICO?

There are certain steps that should be followed for creating a successful ICO platform as follows.

• First, come up with a great business idea that will get high reach in the crypto marketplace.
• Analyze and find your list of competitors and fix your target audience.
• Pick a crypto-friendly nation for launching your ICO in a safe and secure manner.
• Follow the rules and regulations of the particular country where you’re planning for the ICO launch.
• Draft a first-class whitepaper that depicts the complete information of your ICO project. Make sure that your whitepaper has come in a professional way.
• Gather a team of well-trained professionals and blockchain developers for exemplary ICO development and deployment.
• Create a new crypto token with any token standard of a renowned blockchain like Ethereum, Tron, BNB chain, etc.
• Develop and launch an ICO website in a quite impressive way.
• Promote your ICO project using various marketing strategies like Email marketing, social media marketing, etc.
• Finally, conduct your pre-ICO and ICO token sale.

Launch your own ICO << HERE

That’s it about ICO campaign creation. These are the steps to be followed for creating an ICO on your own. But, if any technical errors happen in between the development, then the whole ICO development process will get devastated. To avoid those and stay on the safer side, you can approach a reputed ICO development service provider in the crypto space for immense results!!!