Initial Coin Offering (ICO) is the method of crowdfunding highly used by crypto companies to raise funds and capitals. It is the process where some percentage of newly issued cryptocurrencies get exchanged with some other cryptocurrencies with the intention to gain profit when it's value get increased. The overall process of ICO (Initial Coin Offering) is based on the way when launching a new cryptocurrency or crypto-token, there is a limited number of units get exchanged with some other type of cryptocurrencies as if Bitcoin or Ethereum. ICO has emerged as a great tool for raising funds and to support new cryptocurrencies. The token is one of the important players during the ICO process which can be sold and traded on cryptocurrencies exchanges. The Ethereum ICO has come out as one of the most successful currencies in the ICO process.
Fundraising in ICO?
All the cryptocurrencies working for ICO want to increase funds and raise capitals should always provide a project description, the purpose of the project, the amount needs to be raised, types of virtual currencies need to be accepted along with the time frame for an ICO campaign. Interested backers can ask for further detailed information about the project before doing transactions. They can play an important role in raising the amount of campaign and they can get their money back.
Scammers and ICO's :
Obviously, ICO is used as a way to increase and raise funds for different business types and charity organizations. But it has been used as a tool for fraudulent. There is always a risk to invest money in initial coin offering. Scams and the fraudulent happens due to their-regulation by the government. For running a successful ICO is important to have patience, time and proper research done for a company as there is not any specific amount of statistics is available for prediction of anything. And thus chances of scammers increases.
ICO marketing strategy and ICO community manager:
ICO communities are managed by various chats apps and social media channels and other online mediums. How engaging your community the investors receive your ICO. Investors are various serious about the opinion of cryptocurrencies community. The community manager must also participate in discussion threads relevant to your project, and answer questions. The objective is to improve trust in your project and give it the right coverage. ICO manager is the representatives on behalf of your company managing various social channels across different social platforms. The complete strategy depends upon the ICO community managers.
The skills and competencies of an ICO community manager:
For launching a successful ICO and maintain a community properly, ICO community managers should have the following skills and competencies including result driven, knowledgeable, flexible, dedicated, language and good communication.
Startup and ICO? The concept is relatively new in startups, ICO benefits are just unbeatable in terms of retaining control, no regulations, and globalization.
ICO work process: For a successful ICO one has to equip with a team having the knowledge and connections to a blockchain.
What is an ICO token? ICO tokens are specifically signified to the contribution to the startup event. The more money you will give, the more tokens you will get in return. With the tokens, you will be able to buy future company services or just sell tokens. The smart contract is actually an agreement between the ICO issuing company and the token holder. It is always beneficial to get some benefits in the future according to the same contract. Token's price can rise quickly and thus one can make money buying and selling in time.
Pre-ICO process?
Everything is possible in the crypto world actually one can buy tokens before the ICO. Some companies need funds for ICO and that case is known as a sale before the sale. Pre-sale may look like hanging fruit that is not easily available. ICO presale is the process where token sale event that Blockchain enterprises run before the official crowd sale. Fundraising targets created for ICO are lower as compared to the main ICO and tokens. ICO presale is the process where token sale event that Blockchain enterprises run before the official crowd sale. Fundraising targets created for ICO are lower as compared to the main ICO and tokens. Pre ICO's generally acts as a smart contract from the main ICO event. This is to inform and to consider Pre-ICO funds enables proper and easy reconciliation and audit.
Fundraising in ICO?
All the cryptocurrencies working for ICO want to increase funds and raise capitals should always provide a project description, the purpose of the project, the amount needs to be raised, types of virtual currencies need to be accepted along with the time frame for an ICO campaign. Interested backers can ask for further detailed information about the project before doing transactions. They can play an important role in raising the amount of campaign and they can get their money back.
Scammers and ICO's :
Obviously, ICO is used as a way to increase and raise funds for different business types and charity organizations. But it has been used as a tool for fraudulent. There is always a risk to invest money in initial coin offering. Scams and the fraudulent happens due to their-regulation by the government. For running a successful ICO is important to have patience, time and proper research done for a company as there is not any specific amount of statistics is available for prediction of anything. And thus chances of scammers increases.
ICO marketing strategy and ICO community manager:
ICO communities are managed by various chats apps and social media channels and other online mediums. How engaging your community the investors receive your ICO. Investors are various serious about the opinion of cryptocurrencies community. The community manager must also participate in discussion threads relevant to your project, and answer questions. The objective is to improve trust in your project and give it the right coverage. ICO manager is the representatives on behalf of your company managing various social channels across different social platforms. The complete strategy depends upon the ICO community managers.
The skills and competencies of an ICO community manager:
For launching a successful ICO and maintain a community properly, ICO community managers should have the following skills and competencies including result driven, knowledgeable, flexible, dedicated, language and good communication.
Startup and ICO? The concept is relatively new in startups, ICO benefits are just unbeatable in terms of retaining control, no regulations, and globalization.
ICO work process: For a successful ICO one has to equip with a team having the knowledge and connections to a blockchain.
What is an ICO token? ICO tokens are specifically signified to the contribution to the startup event. The more money you will give, the more tokens you will get in return. With the tokens, you will be able to buy future company services or just sell tokens. The smart contract is actually an agreement between the ICO issuing company and the token holder. It is always beneficial to get some benefits in the future according to the same contract. Token's price can rise quickly and thus one can make money buying and selling in time.
Pre-ICO process?
Everything is possible in the crypto world actually one can buy tokens before the ICO. Some companies need funds for ICO and that case is known as a sale before the sale. Pre-sale may look like hanging fruit that is not easily available. ICO presale is the process where token sale event that Blockchain enterprises run before the official crowd sale. Fundraising targets created for ICO are lower as compared to the main ICO and tokens. ICO presale is the process where token sale event that Blockchain enterprises run before the official crowd sale. Fundraising targets created for ICO are lower as compared to the main ICO and tokens. Pre ICO's generally acts as a smart contract from the main ICO event. This is to inform and to consider Pre-ICO funds enables proper and easy reconciliation and audit.
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