What is Initial Coin Offering(ICO) ?

The tremendous growth of cryptocurrencies paved the way for ICO. Generally, ICO is used to collect initial fund for business via crowdfunding just like Initial public offering (IPO) the difference here is cryptocurrency is used as the replacement of fiat currency and the digital token is returned to the investors.

Let's discuss it a bit wider,

The first-ever step in ICO is token creation. Digital tokens play a vital role in ICO. A contributor gets a digital token as a return for their invested crypto.

Every token differs in its name, value, functionalities based on the ICO. future benefits of token and other details are encrypted via smart contract this eliminates the confusion s gives clarity to the ICO process.

you can ask, how can I know the business model and the features of the token?

My answer to you is White paper.

What is White paper?

The white paper is the kind of report that vividly showcase your business model, future plans, level of authority of tokens, etc . white paper creation needs more strategic planning and attention because it is the first tool that attracts the investors.

The next process is listing the generated tokens in the major exchange sites and marketing the tokens, so that the traders, investors would know about your ICO process.

Building an ICO involves so many process such as ICO consulting, ICO launching, ICO marketing, Smart Contract Development etc,

If you are interested in launching your own ICO? My suggestion to you is bitdeal, A leading ICO Development Company that provides A to Z service in ICO services.