Sage-Tips

How to launch an ICO for your business?

The first step to know how to launch an ICO is to research completely. Now you would get to know the reason why Initial Coin Offering is needed for your business. Initially, you should do complete Market research of the ICO industry. Check for live prices and how they are performing.

Do you need a legal opinion to launch an ICO?

Any time you handle other people’s money, you need to be legally covered. You have to prove that your token is not a security, and you don’t try to deceive people. For this reason, you need to create documents explaining your formal legal opinion and a legal description of the ICO.

What should I look for in an ICO?

The first thing to do is make sure that the people putting up the ICO are real and accountable. In the Internet age it’s beyond easy to find a stock photo and put together a convincing website, so going the extra mile is important. Some things to look for include what history the product’s leads have with crypto or blockchain.

Should cryptocurrency ICOS be regulated?

Currently, there’s very little regulation on ICOs in America, meaning as long as you can get the tech set up you’re free to try and get your currency funded. Right now cryptocurrency as a whole is kind of like the wild west; there’s gold in the hills and relatively little law to speak of.

Is investing in ICO’s a good idea?

Of course, investing in ICO’s is a high-risk venture. Immense Profit Potential: Many in the space want to invest in the “next Bitcoin”, potentially riding the wave of buying coins at pennies on the dollar and selling them later at an astronomical valuation.

What is an Initial Coin Offering (ICO)?

An initial coin offering (ICO) is a means of crowdfunding, through the release of a new cryptocurrency or token to fund project development. There are currently more than 1,000 coins available on different exchanges, with hundreds more in the process of being listed on exchanges.

Can I participate in an ICO from an exchange wallet?

Participating in an ICO requires you to send BTC or ETH from your personal, private wallets. If you send it from an exchange, you WILL NOT get the ICO tokens since the transfer originates from the wallet of the exchange and technically you do not own any wallets in an exchange.

What is an ICO and how does it work?

ICOs can be considered as a means of crowdfunding. With an ICO, you get a token. These tokens do not give you any long-term authority or ownership of the project; they are merely a means for the project to raise funds. However, once again, if the project succeeds, the value of your token could increase.

To put it in simple words, an ICO is a fundraising strategy through which startups and other industries raise their funds for their projects by selling their ICO Tokens. Okay, now the initial thing you should know before launching an Initial Coin Offering is to analyze the need for ICO for your business.