ICO has become the most prominent method for crowdfunding as it allows you to raise funds from investors all around the world. The best thing about it is, anyone can develop and launch it. By associating with an ICO development company, it is possible for any business aspirant to create and promote their visionary project. In this article, we will decode all the basics related to this particular activity and will make the possibility of your own startup more feasible.
Before you begin with this process, it is a must that you have a team of experts who have been dealing with this solution for a fairly long time. The professionals you choose should be aware of the nuances of your project and they must have the know-how required to reach the investors the right way.
You must know that so far, there are no clear guidelines for launching or managing an initial coin offering. However, it would be wise if you follow the rules mentioned below.
Table of Contents
Set exquisite rules for your project
Unless you have well-defined rules, you cannot expect things to go really well. In order to get high performance and positive results in your campaign, you need to set some ground rules that have to be adhered to by every team member. By doing this, you will optimize the whole thing and get satisfactory outcomes at every front. Also, you get everyone on the same page and work with perfect synchronization.
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To make the funding successful, it is essential that you have everything single thing working perfectly. Also, you need to maintain adherence and ensure that people are following what they are supposed to. Whether it is starting the work on time or sticking to some specific protocols, you need to make certain that the team is working in a prolific manner.
Know about your competitors
It is also very important to know about the contemporary project that belongs to your domain and could be a strong contender. With this approach, you don’t just get ready for competition, you also get the chance to induct something good that the others are doing. When you do that, you refine your project and make it a go-to instrument for investment.
Profound R&D on license and registration
Things can go awry at an advanced stage if you aren’t very sure about the fundamental things. That’s why it is essential that you have a clear understanding of the registration process of the ICO. Besides that, you should also choose an appropriate location to launch the campaign because there are plenty of countries that don’t validate the buying or selling of any crypto-based product.
It is recommended that you take the help of legal professionals in it so there is absolutely no loophole in your strategy. When you are handling these issues, you must also figure out the norms of KYC and other procedures. Any sort of regulated practice will require you to be more precise. Though the working and distribution of crypto are not very regulated there are certain guidelines that you need to follow.
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Apart from crypto-related rules, you have to thoroughly sure about the stricture of the nation where you are planning to launch your project. By paying attention to such details, you make your project foolproof and prepare it for any sort of legal challenges. Actually, you ensure that there is absolutely no discrepancy in the registration and licensing work. If you are working with a reliable service provider, you won’t have to pay attention to diverse details separately, they will do everything for you.
Creation of the token
If you have been following the working of ICOs, then you already know every project has to issue its proprietary token that can be bought by the investors. That’s how you raise funds for your project and promise valuable returns to people who are putting their hard-money and trust into your business dream.
Before you start the process of making the tokens, it is very important that you choose the appropriate token standard. Once you have chosen the right thing for your project, the further processes can be executed very easily. At the time of choosing the developers, you will have to be sure that they can create as many as a token you want using the same token protocol. From the creation to distribution, you have to make certain that every process is working smoothly.
Ensuring all that is not an easy task at all and that’s why you need to work with professional developers who know this technology really well. Along with the creation, the strategic dissemination of digital assets is a process that involves multiple tasks. Each one of them has to be deftly handled in order to do achieve positive results in the end. You have to keep in mind that the investors face no issues in buying or transacting the coins.
Drafting of the whitepaper
The whitepaper is that document which the prospective investors refer to before deciding whether or not to put their money and confidence into the project. In simple words, your entire project is explained with this document, and needless to mention, you have to make it absolutely perfect. While working on your project, you need to make sure that details are thoroughly captured and presented in a very understandable manner.
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You might think that you could make a perfect whitepaper since you know your project better than anyone else. However, it becomes necessary to hire a professional to do this job. That’s because you have to present your vision in a convincing method to the readers and this can be only done with professional writers who are familiar with the taste of your target audiences.
Basics of the website
Content– When we say content, we include every single piece of information that is conveyed either through the text or visuals. While working on this segment, you need to be sure that whatever you’re showing, it’s appropriate for the prospective investors. Being an entrepreneur, you already know the value of showing valuable content to people. When you are doing it for your dream project.
UI/UX– The user interface and user experience are the two most important aspects of any website. While working on this section of the website, you need to be sure about the final version of every page and feature. If you are not mindful about this, the website could give a subpar experience which ultimately results in loss of business. Providing a feasible experience is a big thing and it has to be done in a systematic manner.
Security– From storing the information of the customers to executing the transactions, every single thing has to be done with thorough safety measures. For many crypto users, this is the topmost priority and therefore, you have to make certain that the security of your website is not compromised. Moreover, there is a legion of malicious programs that can put your business at risk. You have to safeguard your platform from all such risks so the investors could engage in transactions without any worries.
Conducting the promotion
Let us suppose that you have taken care of everything else and now you have to look at the marketing prospects. When you have a perfect product, you also need to ascertain that it reaches every individual who can get benefitted from it. To make this happen, you will have to use very sweeping and effective marketing methods. You need to have a very comprehensive marketing strategy that works efficiently. Here are some marketing tools that you use to make an ICO successful:
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Social Media– There are many platforms where you can find crypto enthusiasts and you should reach them with a very noticeable campaign. In order to make any marketing campaign successful on social media, you need to approach the audience the right way, this applies in this niche as well.
Crypto Community– While it is a part of social media, but communities have established a distinct status and they have to treated separately. That’s because there’s a lot to do on these platforms and working on them is quite different from posting content over the other channels of communication. Communities are more specific in nature and you find target audiences very easily here.
Email Marketing– This is one of the oldest and most effective methods of marketing. By reaching someone through email, you introduce your business formally and people tend to take it more seriously. Your appeal is way stronger and it is more personal in this model of communication.
Bounty Program– This specific program has become very popular with ICOs. It results in a very high engagement of users since they are rewarded on the basis of their participation. The users are asked to promote the project and in return, they receive free tokens.
The Launch
When the time comes for the launch of ICO, you make sure that it gets executed the right way. You need to keep the entire team focus on their jobs and make the entire framework ready for the traffic. From the allotment of tokens to their transfer into the wallets, every action has to be executed without any errors. For keeping the engagement high, you have to keep sweetening the pot with the latest offers. Want to launch your own ICO? Talk to our experts right now! Call and Whatsapp any time at +91 7014607737 | Telegram: @vipinsharRemembering, unless you are satisfied with the sale of tokens, you need to keep making efforts.
Conclusion
If you are already thinking of raising funds through an ICO, you should start looking for service providers in this niche. Technoloader is a company that has empowered a large number of startups to lead a successful crowdfunding campaign. With our experience and knowledge, you get the power to showcase your vision aptly. When we work on this instrument, we make sure that the outcomes are most productive for your business.
Want to launch your own ICO? Talk to our experts right now! Call and Whatsapp any time at +91 7014607737 | Telegram: @vipinshar
