Hello everyone, Today I will introduce to you about our ICO Service Development...
ICO is a new form of capital raising in the financial sector in 2017. Thanks to the ICO, developers can present their product idea to attract investors to participate through Cryptocurrency. Through the article following, you will understand what is ICO, how the mechanism works, how to start an ICO project
What is an ICO?ICO (Initial Coin Offering) is a mobilized capital calling for investment through electronic money projects (Cryptocurrency). When you want to release an ICO, companies or groups will create coins and events for the idea they want to do, then they create a certain amount of Token and sell the tokens to investors.
When developers’ ideas are implemented, the value of the coin increases, and investors then hold a large amount of coin, so the amount of money that goes up is much higher than that of the initial coin.
Almost developers will accept for investors to pay by Bitcoin or Ethereum.
History of the ICOIt can be said that the ripple is the first coin released via ICO trading form. By the beginning of 2013, Ripple has issued about 100 billion coin called XRP and called on investors to invest in their real-time payment system. The company sold XRP coins to seek out the developer for the development of the ripple platform.
Another project that calls for ICO is history, Ethereum. By mid-2014, Ethereum also issued an ICO to raise funds to develop the Ethereum platform. And when they sold, they received $ 20 million in funds and it became one of the largest funds ever.
How does ICO work?Before an ICO project starts to call for capital, developers will come up with a plan that outlines what the project will do, what the community will benefit from, the needs of the project, project size, amount needed, number of tokens sold and retained, form of payment ….
When selling ICOs, investors will use their money to buy intermediates money such as Bitcoin or Ethereum. Investors will use these intermediaries to buy tokens.
Often, the ICOs will be openned for sale within a few months. Investors will wait for these currencies after the listing to sell at X5 or X10 or above.
The basic stages of an ICO projectStage 1: Building ecosystems for ICO:
Create a coin, start a connection, build a community that accepts payments by coin generated and solutions that your group bring.
The coin value at this time will depend on the broadness of the ecosystem. ICO wants to develop successfully or not will rely on a large enough and sustainable ecosystem.
Stage 2: Crowdfunding Phase
This is a period of broadening the community, extending ideas through systems of channels and forums such as Bitcointalk, cointelegraph, coinschedule …. This will officially release the tokens and coin to mobilize capital through coin intermediaries.
In this stage, investors will get a large amount of capital. In order to continue, investors will use the funds to continue to expand the ecosystem and prepare to bring the coin to the trading platform.
Stage 3: Coin stage on the trading platform.
This is a quite important phase. When the coin on the large trading platform, it will increase the value very quickly. And this is also the time for this coin to enter the cryptocurrency market. If the ecosystem at this time is strong enough, the coin will continue to grow and grow faster.
Successful ICO projectsThere have been many successful ICO projects and have brought a lot of profit to investors. Not only is it profitable for investors but it is also growing prosperously and ecosystems are expanding. The first successful project was also the ICO launch project, Ripple.
RippleCoin ripple was developed by Ripple Labs. This company is a source of ICO projects. This company generated 100 billion XRP. Currently, the rupture ranks 3rd in terms of capitalization. This electronic currency is being selected by the banks as a means of trading by the trading system as well as fast authentication.
EthereumEthereum is one of the second largest capitals after bitcoin. This electronic currency has been building a very strong community. In its first release it collected 31,500 Bitcoin money raised. Ethereum is the first co-contract Smartcontract contract. And ethereum is the largest ICO deal ever made.
LiskLisk is one of the Blockchain platforms with JavaScript that allows for smart contracts based on BitShares. During the launch of ICS sale Lisk has received about $ 5 million investment.
ICO FutureThe ICO is a new form of call for capital development, currently not regulated by government regulations. This means that any company can start an ICO anytime or anyone can contribute capital to that company. This is something that many investors preoccupy and worry about. However, in the coming time, this form of calling will be managed more closely, helping it develop better.
How to start an ICO projectTo start an ICO project, you need a great idea to build a cryptocurrency system and programmers who understand cryptography, blockchain technology. Next, you will need a plan to determine how the system will work (this plan, or white paper). Then you will need to create a website to present ideas for investors to understand your business idea.
Once you’ve done this, you need to build a community of coin users that you plan to release an ICO. You will have to have marketing strategies for the ICO project to get more people to know.
In order to build a successful and strong community, you need to identify the goals and timeframes that will be accomplished. Moreover, you need to build a real project and have the blueprints.
However, it is difficult to do all the work. At present, our company is offering development packages for ICO projects. When you come to our company, you just need to present the idea that you want to call for investment. Our team of experts will help you analyze your ideas. And after it’s completely analysed, a plan is outlined. Once the plan is approved, we will begin to build the product. With a team of young, enthusiastic engineers who understand blockchain technology as well as cryptocurrency will quickly turn your idea into a product.
You can readmore in here https://vakaxa.com/ico-service/
If you have any questions, please let us know by contacting directly. We are always available to answer all your questions.
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