Technique to plan and launch an ICO successfully

[Hong chiu10]

The concept of Initial Coin Offering (ICO) is getting popular like never before and it have become an integral part in the Cryptocurrency World Today. Up until recently , the growth of  every entity that has to do with cryptocurrencies has reached an unbelievable dimension. ICOs are just one area involving fundraising in cryptocurrencies, but the primary aspect is to showcase the efficiency of the Blockchain technology in the real sense.

 

What is an ICO?

 

An ICO is more like an intersection between crowdfunding and capital raising for a proposed project. It is basically the method used by the developers of cryptocurrencies to raise funds for a new project. The capital is raised by pre-launching a real currency, which is exchanged for an existing digital currency. This digital currency furnishes access to the development project once launched and in the subsequent phases of the Initial Coin Offering process.

 

What form do Financing of a Cryptocurrency take?

 

The cryptocurrencies are built upon  a means termed "mining". The "miners" make computing logics available to the project execution, which enables the system to function and therefore sustains the Blockchain Market: both the "mined" coins that appear directly and randomly and the commissions they receive when documenting commercial transactions that occur between users of the currency.

When someone decides to develop a new cryptocurrency, he first gets an idea, designs it and then implements it through software. In the case of an ICO, what is to be financed is the production of a new cryptocurrency, in the same way Bitcoin or Ethereum came into existence. These are a small number of virtual tokens, protected by cryptography, which have a value due to their scarcity and demand.These virtual currencies serve both to make payments in a very economical way and to store value. At the end of the day, this software is made available to the community/Investors.

 

What Benefits does an ICO have?

 

ICO’s offers various on-hand benefits such as an effective business plan model which gives a unique selling point/High demand that acts as a catalist for talented investment team. To add to this, a practical ICO sells itself by clearly envisioning the goals of its business implements a boosted confidence among investors in the market thus enabling an enhanced crowdfunding.

 

Is it safe to participate in an ICO?

 

There are always risks involved in a business and since Cryptocurrency is still a fairly new innovation, there is always an element of risk in it. The more the risk, the higher the chances of success just as the old saying goes! Participating in an ICO needs a clear insight of knowledge and understanding. The security of the cryptocurrency software development has to ensure to make them hack-proof against all odds. This is done by backing up the ICO with Ethereum ERC 20 tokens which offer a secured digital currency.

 

What do you need to create your own ICO?

 

Some of the parameters that are kept in consideration while creating  and developing an ICO are;

 
   
    Proper Back-up of your ICO
    Design your brand uniquely
    Create the Token (Smart Contract Deployment to the Blockchain Network )
    Promote your currency to attract Prospective Investors
    Start your project according to the Timeline.

 

Tips for launching a successful ICO

 

    Ensure that you Set achievable goals
    Make use of ICO software or tools
    Build a reliable team of professionals
    Secure your ICO
    Create a PR campaign to ease promotion


 

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[miningnew]

Be careful, the water gets wet and the fire burns...
 
Your post would have more room in a generalist magazine or on a beginner's blog..., what you say is not false but you don't teach us anything.

[passwordnow]

Don't encourage more ICO's, there are too many of them already.

You are giving an idea to the greedy people that looks at ICO as a way to make more money through collection.

[pedangrusak]

for me this is just a concept and a beautiful dream about the ICO without exposing the risk of losing funds, the level of success of an ICO and many more questions when many new ICOs are present such as vampires who suck investors' funds and then go somewhere

[green547]

Don't encourage more ICO's, there are too many of them already.

You are giving an idea to the greedy people that looks at ICO as a way to make more money through collection.

Seriously, the last thing we need is another scammy ICO to dilute the crypto space even more.   If someone has a truly innovative idea they will be able to secure funds from venture capitalists. 

[gantez]

Oh... This is all about an advertisement for your ico, I should have known better. I was thinking is an open thread requiring constructive comment 

However, I hope you are advertising a legit business here.

[carlfebz2]

Don't encourage more ICO's, there are too many of them already.

You are giving an idea to the greedy people that looks at ICO as a way to make more money through collection.

It already comes to a point on where I'm already done with these projects that doesn't stop to launch every now and then when we do tried to look up on this forum announcement sections.We would able to see that almost daily a new project do rise up and do make ICO. These steps above is definitely giving out some idea to a kid that have some skills tending to create one project and make an another shitcoins or just solely for scamming. We don't need lots of coins because it would just pile up even more into garbage projects.

[lelahkenabanned]

actually your technique is too much and I think it will be difficult to apply your technique as a whole because when making an ICO usually these investors will see from the concepts and MVPs that can help these investors to look ahead of this legitimate ICO or not. what is certain is that their project must be useful and have a selling price and the team behind the project must also be experienced.

[passwordnow]

Don't encourage more ICO's, there are too many of them already.

You are giving an idea to the greedy people that looks at ICO as a way to make more money through collection.

Seriously, the last thing we need is another scammy ICO to dilute the crypto space even more.   If someone has a truly innovative idea they will be able to secure funds from venture capitalists. 

IIRC there is/are some ICO that did that before but there's not that much interest with it.

I like that idea you've come up with of having that type of ICO that will reduce and determine the other scam ICO's.

It already comes to a point on where I'm already done with these projects that doesn't stop to launch every now and then when we do tried to look up on this forum announcement sections.We would able to see that almost daily a new project do rise up and do make ICO. These steps above is definitely giving out some idea to a kid that have some skills tending to create one project and make an another shitcoins or just solely for scamming. We don't need lots of coins because it would just pile up even more into garbage projects.

I'm sure that one day most of them will be eliminated and only the strongest would remain.

[Kevin77]

Don't encourage more ICO's, there are too many of them already.

You are giving an idea to the greedy people that looks at ICO as a way to make more money through collection.

Unfortunately, either he is promoting ICO or not, people will always end up getting greedy but all he has said actually is nothing new. The ICO space is supposed to at least be a bridge between real products and decentralization as well as real life usage, but the thing is that this space has been turned into rubble as we keep seeing scammers invading the space and just stealing from investors.

It has become terrible to the extent that even the ones that eventually got listed still remain shit coins anyway. It is just a space that is enriching some and stealing from some, that is how I see it, and until we start getting to see some regulations, this is something we will keep seeing.

[coinplus]

These days the ICO space has been turned to a garbage ground for shit coins to thrive based on pump and dump and that is very terrible. This is really an unfortunate situation for all crypto aspirants. But, this is not something new and it is apparent so many people are just seeing it as an avenue to deceive investors and make them buy into something while at the end they only end up getting themselves rich and nothing else and so far, we have only see how people have gotten scammed, more shit coins and tokens keep coming to life and then just very few coins that one can point out to be for real.

It is just a space that is enriching some and stealing from some, that is how I see it, and until we start getting to see some regulations, this is something we will keep seeing.

I am not expecting anything big like regulating but DT members will care for us as far as they are able to. It is a fully decentralized space where each and every individual need to take care of themselves and we cannot expect some system to protect ourselves. Over all, being a community, we may protect ourselves more effectively rather than expecting some system of regulation to be implemented.

[leea-1334]

Don't encourage more ICO's, there are too many of them already.

You are giving an idea to the greedy people that looks at ICO as a way to make more money through collection.

Unfortunately, either he is promoting ICO or not, people will always end up getting greedy but all he has said actually is nothing new. The ICO space is supposed to at least be a bridge between real products and decentralization as well as real life usage, but the thing is that this space has been turned into rubble as we keep seeing scammers invading the space and just stealing from investors.

It has become terrible to the extent that even the ones that eventually got listed still remain shit coins anyway. It is just a space that is enriching some and stealing from some, that is how I see it, and until we start getting to see some regulations, this is something we will keep seeing.

Yes,,, whether or not he talks about it, at least he is just giving the brief outline of what an ICO does instead of saying this or that ICO is worth investing it. He can do it, anyone can, but we face the facts that people who already want to do ICOs know how it can be done. All the platforms make it so easy now anyway, so it is just down to the marketing to make it "successful" or not.

ICO is just a tool to raise funds, see it as nothing more than that. Blockchain projects that have great ideas do not always need to raise money. They can do private funding, normal crowdfund, donations, ICO and now STO, does not change the facts.

[GregH37]

actually your technique is too much and I think it will be difficult to apply your technique as a whole because when making an ICO usually these investors will see from the concepts and MVPs that can help these investors to look ahead of this legitimate ICO or not. what is certain is that their project must be useful and have a selling price and the team behind the project must also be experienced.

No technique is always too much as long as you can at least use it to convince the investors from not being a victim of a scam. I want to believe though that anyone who is a smart investor will always know the essence of looking out for the team and digging that up seriously and until they are satisfied, then, they can check for a minimum viable product or at least a proof of concept before even deciding to go ahead to get other information in detail. These are the things I believe any team before launching an ICO and wanting it to become successful will always place great attention on.

[Fuhre]

very useless in the current journey, there are many people who realize that building an ICO is not too good now, of course a group of good and very smart people who can realize success in the future, some of them? just want a lot of profit without thinking of interests that are better than profit, everything goes back to those who are determined to make it because in some teams there will be success, very smooth promotions are made.

[bucker steemit]

very useless in the current journey, there are many people who realize that building an ICO is not too good now, of course a group of good and very smart people who can realize success in the future, some of them? just want a lot of profit without thinking of interests that are better than profit, everything goes back to those who are determined to make it because in some teams there will be success, very smooth promotions are made.

That's right, bro, now a lot of ico leaders really don't give a profit. Most of them are more self-serving, but not a few, I also think that the participants are dependent on us or I want to be the leader.

[Hong chiu10]

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