How do startups implement ICOs?

[Igorr_M]

I was wondering how the whole ICO process looks like for the companies considering this kind of crowdfunding... How do ICOs get listed on exchanges, how do they process data from KYC (especially in Europe where they have to be GDPR compliant now), how do they convert ETH / Fiat to their own tokens? Do startups involve other companies for this process, or is it possible for them to perform this on their own? Thanks

[1715148430]

1715148430

[1715148430]

1715148430

[Insufficient]

I was wondering how the whole ICO process looks like for the companies considering this kind of crowdfunding... How do ICOs get listed on exchanges,

Sometimes they paying exchanges to get listed their coin.

how do they convert ETH / Fiat to their own tokens?

They using crypto exchanges dude.

[Byzantium101]

They use ICO as a mean of financing or they are true blockchain companies that are looking to build a good investment community around their project.

[p2pdotbet]

I was wondering how the whole ICO process looks like for the companies considering this kind of crowdfunding... How do ICOs get listed on exchanges, how do they process data from KYC (especially in Europe where they have to be GDPR compliant now), how do they convert ETH / Fiat to their own tokens? Do startups involve other companies for this process, or is it possible for them to perform this on their own? Thanks

Listing on exchanges is typically paid for.

KYC is just a process for verifying a customer. The info will be kept offsite, securely, and in adherence to GDPR.

They don't convert ETH/Fiat to their own tokens. They will sell eth for fiat to fund the project. They will create their own ERC20 token and issue it to investors. This is either done at the time of transaction or at a later specified date.

It's entirely possible for an ICO to do all of this. They may employ other companies for certain roles. Publicity, PR, translation etc. The majority of ICO's however will do everything in house and by the team.

ICO listing sites can cost quite a bit also. Some as much as 10 btc just to list.

[Igorr_M]

Listing on exchanges is typically paid for.

KYC is just a process for verifying a customer. The info will be kept offsite, securely, and in adherence to GDPR.

They don't convert ETH/Fiat to their own tokens. They will sell eth for fiat to fund the project. They will create their own ERC20 token and issue it to investors. This is either done at the time of transaction or at a later specified date.

It's entirely possible for an ICO to do all of this. They may employ other companies for certain roles. Publicity, PR, translation etc. The majority of ICO's however will do everything in house and by the team.

ICO listing sites can cost quite a bit also. Some as much as 10 btc just to list.

Thanks very much for the answer, especially regarding listing. Cheers!

[hyipplus]

They normally have to pay to get listed on exchanges. There's small banks who focus on the crypto niche to help them convert to fiar.

I have heard that in order to get listed on the big exchange like Binance, you need to pay the amount, that little amount of projects can afford, so they are going to build a strong community that will vote for them on a smaller ones.

[Dimalol]

I think that startups can not hurt and even help on the contrary.I do not even know how startups can harm the project as a whole.It is on the contrary advertising and money that will already give a big plus to the project itself!

[webtricks]

I was wondering how the whole ICO process looks like for the companies considering this kind of crowdfunding... How do ICOs get listed on exchanges,

For listing on exchange, fees is to be paid in value of crypto so it isn't much difficult for ICOs to list on exchanges if they have raised enough money.

how do they convert ETH / Fiat to their own tokens?

I am little confused with this query. Tokens are created before the commencement of ICO. Once tokens are created and listed on exchange, they can be converted to ETH, fiat or any other currency via exchange.

Do startups involve other companies for this process, or is it possible for them to perform this on their own?

It is possible for startups to do every process themselves. However, with increasing competition several companies have been originated for PR, marketing, listing and other assistance to ICOs.

[ZandC]

both is can be possible as long as there have a professional team and have a good roadmap and have solid of community