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How much does it cost to do an initial coin offering?
For a startup to raise money through an ICO, they should expect to pay for about $500 K in legal fees (this is cheap compared to an IPO which may cost north of $5 M – typically it’s about 7\% of the revenue generated).
How long does it take to do an ICO?
Also, launching an ICO campaign is quite time-consuming. In most cases, pre-public engagement phase, which includes all the processes prior to the first big announcement, takes roughly six months to one year.
How do I fund an ICO?
During an ICO, a company can raise money by creating a website and publishing a white paper (a document that describes the project). Investors exchange cash or cryptocurrency (e.g. Bitcoin or Ethereum) for digital tokens that the startup has created.
How much does it cost to launch an ICO?
The starting ICO price cost range for the ICO development of different dSolutions would come out to be 10,000 USD. A website that you provide to launch and then promote your ICO from is another most important factor of the whole fundraising process.
What are the biggest challenges in launching an ICO?
One of the biggest challenges associated with launching an ICO and getting big investors to buy ICO tokens in the project calls for a detailed justification of how your proposed token would move in the economy, the actual issues your Blockchain solution would solve, etc.
The ICO cost related to Whitepaper Drafting and Auditing usually comes out to be in the starting cost of 5,000 USD.
What is an Initial Coin Offering (ICO)?
Initial Coin Offering has become one of those Blockchain development services that needs no introduction. What started with a sea-full of doubts has now become one of the most preferred modes of raising funds in the present time. Even amidst the several stories of failure, ICOs have been able to show their worth in the market.