ICO (Initial Coin Offering) is a public crowd sale process that is inevitable for any startup business to raise its capital in an instant manner. When a new project or business wants to improve its growth rates, it can launch an ICO, thereby selling its tokens in exchange for the standard crypto currency tokens like Bitcoin, or Ethereum. The tremendous returns gained by the ICO investors in the recent years have enhanced the interest of investors in making investments with ICOs.
In order for the development of an ICO, the concerned company must create a plan, which is usually denoted as an ICO developmental plan. Such plan should describe the following necessary details:
The backbone of any ICO process is the smart contract (crypto contract) development, since it facilitates the execution of legal transactions within the block chain system. Smart contract is a tiny decentralized and transparent application that is created over a distributed public block chain ledger. It primarily accounts for the effective token distribution, dividend payouts and smoother and automated transactions. It avoids the interference of third party or middleman services into the system by acting as a direct intermediate between the two parties, which exchange their services
At the earlier stages of smart contract invention in 1994, there was no enough popularity for its usage among the investors and business owners, since digital strategies were not that much familiar at that time. But with today’s digital world, the technology of smart contracts have gained immense familiarity, since because of the modernization and advancement in block chain technologies.
A wide variety of platforms support the creation of smart contracts, but the most prominent one is the Ethereum.
Smart contract development helps businesses in expanding their business horizons with customized smart contract solution, thereby making their business procedures simper and easier than before.
ERC20 compliance refers to the adherence of specific set of rules and regulations that need to be followed by the Ethereum tokens that are found inside an Ethereum environment. ERC20 standards permit the developers to portray the interactions that take place between the tokens. Such interactions might either be related to the transfer of tokens or data accesses within the tokens.
An ERC20 compatible token is a type of digital currency built across the ethereum platform with ultimate level of reliability and security.
While creating an ICO landing page, the designer should incorporate the project mission in the header part. The reason is that it is a key to attract potential investors by making them to have an instant sense over their future investments. Moreover, the designer should have clarity on the usage of colors, fonts, pictures and photos, in order to make the landing page professional and highly-attractive.
With a reliable payment support, the users can enjoy the following benefits
Airdrop allows the users to distribute tokens either by publishing the ICO event in airdrop supportive newsletters or bulletin boards or by choosing the recipients in a random manner. A variety of sources (websites and social media platforms) are available at present to make the users aware about the airdrop services. Off course, airdrops act as effective marketing tools for promoting an ICO process.