Blockchain technology is emerging as “Web 3.0” around the globe offering a decentralized, open-source platform to store information and important transactions. It also simplified many technologies and services along, providing the same values of decentralization. These technologies are smart contracts, cryptocurrencies and its exchange and initial coin offering development to earn and raise funds for the various purpose.
Here we will see through an ICO development. An ICO (Initial Coin Offering) development is a technopreneur offers newly developed cryptocurrencies as a token in exchange for investors having other popular currencies such as Bitcoin or litecoin. ICO developments are being used as a fundraising tool by these technopreneurs without losing ownership of their developed “Alt-coin”. Now even organizations of various industries are opting for ICO development services provided by ICO development company in many countries. The companies which wish to raise funds but are of the nontechnical side of the economy fails to opt for best services as the requirements and the model of ICO development provided by consultants do not match. Before taking any unthought steps just to raise funds, an organization or an entrepreneur should define their requirements of funds along with being clear with a business model for future purpose. Upon clearing the prerequisites of ICO development form your end, next step is to consider ICO consulting services to choose from. Following is the detailed list which makes one open on choosing ICO development company:
ICO development service providers earn through developing cryptocurrencies for you or for your organization based on requirements. Provided that they charge higher but their team skills can prove either with your loss or enormous profit. This technology is decentralized in nature which results in many scammers and fraudsters. To be aware of them always ask for their portfolio and past client experience and details. White paper of past clients and ICO development of past are always publicly available. One can refer to make a decision about choosing ICO consulting services.
Blockchain developers team is the backbone of an ICO development process. These rare breeds mostly run their own company or are hired by well established developing companies. Obtaining blockchain developers professional experience can be proven an integral part of your decision on choosing ICO development company. Apart from ICO development, the strength of its smart contract development and wallet development is also necessary as the payments will be done through those digitalized contracts and wallets only.
The second in line after developers come community building team or marketing team for ICO to be successful in a competitive market where every month new cryptocurrencies are introduced. Also, an investor will only opt for your new currency if it has a strong market presence compared to others. Developing social presence is a dedicated work, requires strategy in line with the changing environment of social media platforms and other blockchain communities around the globe.
The initial stage of a process expresses the future and the probable outcome. The ICO development company approaches with the initial plan to start your ICO development. Many fail to understand the fact that ICO development is a few weeks work but in truth, it requires a lot of coding work as well as social media work by the consultants to be successful. So having a concrete plan at the first stage only might not be feasible as market condition and cryptocurrency prices change exceeding every speed and sometimes exceeding expectations. So the consultants will show the facts rather than promises.
Despite being decentralized technology and an open source platform, various countries has limited blockchain technology to some extent. For example, India has prohibited cryptocurrency trading. But Many companies in India offers ICO development in Dubai and other countries where trading is allowed. The right consultants will emphasis on these kinds of legal procedure also as if the ICO turns into really successful one, it might raise eyebrows of central authorities.
Apart from the above-mentioned steps, one can seek help from global forums about a particular ICO or about the confusion from your side. These forums are also considered best source for your initial research on ICO development and learning process of ICO development before approaching a consultant or being approached by one.
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