How to launch ICO? www.bitdeal.net
ICO-Initial Coin Offering â?– â?–
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 â?– â?–
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 â?– â?–
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 â?–
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 â?– â?–
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 â?–
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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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