Why is Ready Made ICO Script the Right Choice to Launch Your ICO?
Do you intend to become a part of the cryptomarket and make your own cryptocurrency? Extraordinary thought! These days, digital currency standards are a worldwide phenomenon that stimulates enormous enthusiasm among investors.
The most significant and valuable cryptographic currency is Bitcoin. However, as Coinmarket states, it isn’t the particular case that pulls in financial specialist consideration.
What is common in every one of these undertakings? Each one of them has run a successful ICO before really showing new cryptographic currency.
ICO is a shortening for Initial Coin Offering – a crowdsale of another new cryptocurrency that turns into a part of blockchain network. ICOs aim to draw the attention of investors to contribute their money towards the project by selling to them a limited number of tokens – unique digital resources affirming the purchaser’s responsibility for coin or their entitlement to buy the company’s services. In the case that the campaign is productive, the cost of tokens increases giving profit to its owners.
Advantages Of ICO Script
Effortlessness, quickness, proficiency – the way toward taking care of an initial coin offer is less demanding, less expensive and quicker in contrast with other raising support mechanisms
Easy Marketing – it tends to be effectively advertised through online marketing
Engagement of the target audience – you can easily communicate with your intended interest group of audience via a social network, slack blogs and Telegram channels.
Stages for Preparing ICO Campaign with ICO Script
Building up the Business Model
In any business, you should set up a nitty-gritty business strategy and make a plan for its improvement. You should comprehend the very essence of your project and you most likely to disclose it to your potential investor. At a minimum, the business model should answer the accompanying questions:
What are the objectives of your project? How are you going to accomplish them? For what reason does your project need its blockchain and cryptocurrency?
Who is your target audience? How would you engage them?
What technologies will be utilised? How will they contribute to the cryptographic currency network?
What is the most vital thing required for an ICO? Without what it is difficult to succeed? The response to this question is straightforward – the investors, their money and their attention. This is the reason it is essential to plan for what capacity will you attract investor attention. How will you educate them concerning your product? You need them to confide in you, to comprehend that they will profit by investing in your product.
One of the ways to instruct your investors about your product is by making an MVP (minimum viable product) that will enable clients to gauge its significance, possible benefits, and offer them the chance to provide feedback. It is one of the key points in dealing with the ICO since it is intended to show your projects to the investors unmistakably.
When the MVP is released, you may launch a presale. It is in the pre-ICO stage where you will start to sell a set number of tokens. After completing the presale, the ICO itself is managed. However, if the projects become popular, each symbol might be sold out amid this stage. Along these lines, the pre-sale might be the main phase of your campaign.
While getting ready to launch your crowdsale, be prepared to confront some legal difficulties. Blockchain and cryptomarket are an unexplored zone for present-day legal advisors, and in this manner, it needs a legal guideline and may have unanticipated challenges. Modern law does not have a reasonable meaning of blockchain, cryptocurrency, ICO, tokens and so forth. A few legal advisors do spend significant time in the blockchain business; indeed, there are just a couple of them. Thus, it will be very troublesome and costly to hire such an expert.
To settle legal issues, we prescribe you to locate a proficient and curious legal counsellor that is skilled in the accompanying zones:
Corporate formation – He will help you with building up a company as a legal entity
Know your customer (KYC) – in banking law, there is a procedure for business identification, and verification for the customer guaranteeing the authenticity of their business and transactions
Anti-Money Laundering (AML) – a set of legal proceeding aiming to stop the practice of sanctioning the criminally earned income
Securities law – Procedures are directing the process of business investments.
This will be adequate for your campaign to be compliant with legal requirements.
Pre-ICO teaser (documents to be imparted to a potential investor)
Another vital step of ICO preparation is making a pre-ICO teaser. It is a brief (around three to six pages) description of your projects featuring the essential points that will be publicly available to your potential entrepreneurs. The information ought to be exhibited obviously for experts in blockchain technology as well as reasonable for the general public.
List of Non-exhaustive issues that must be highlighted:
- Description of Projects
- ICO structure
- Amount to be raised
- Data about tokens
- Closing date
The most important document of an ICO is the white paper prepared by the party launching the cryptocurrency. It contains nitty gritty clarification of everything the investors need to know before choosing whether they will contribute or not. The whitepaper ought to include the technological, commercial and the financial details for a reasonable and justifiable read:
Proof of Concept – How the blockchain industry will be utilised? What will your coin add to blockchain industry?
Presenting your team – Offer the investors the chance to see that exceptionally skilled experts are dealing with these projects
Lawful basis – Investors need to make sure that they are putting their money in a possibly gainful product, yet are not merely offering it to fraudsters
PR- Campaign & Marketing To launch your ICO
Having taken a shot at all the previously mentioned stages, it’s an excellent opportunity to consider the advertising campaign. To run an active ICO, you should focus on the accompanying:
- Making a landing page
- Creating a website and a logo
- Writing to an official blog
- Running advertising campaign in thematic forms
Advertising on ICO Listing Website
- Top ICO List
- ICO Watchlist
- ICO Map
To best connect with the Investors, you may orchestrate a bounty program, which suggests token distribution using various channels. Free ico tokens are offered to those clients who do some work for the project – e.g., sharing the data using sharing networks, reporting bugs, or interpreting the whitepaper into various languages. For the most part, bounty programs advertised on thematic forums like Bitcointalk.
Everybody needs to have their assets safe, protected and sound. To guarantee the safety of your campaign for your potential investors, and for yourself, you should focus on the accompanying:
- Can your ICO be named extortion?
- Monitoring the phishing sites
- Protecting your servers from DDoS-attacks
- Audit of the project’s security
Now you realise how to launch a successful ICO, and what to do to sort out the development of your cryptocurrency, you are ready to start! Since you are resolved to be a part of the cryptomarket, our group of experienced developers at Blockchain Firm is dependably available to you.
Blockchain Firm can offer: