How to launch ICO?

ICO:

ICO or Initial Coin Offering,is a fund raising method using cryptocurrencies.Crowdfunding is mostly followed,but now a days private ICO's are becoming more common.It is a process by which cryptocurrency is sold in the form of "Tokens" to investor,in exchange of other cryptocurrencies or legal tender.The legal state of ICO is mostly undefined. The token is sold not as a financial asset but as a digital good. This is why ICO is often called “crowd sale”.

Benefits of ICO:

ICO coins can be consolidated or subdivided.
As the supporters increases the fund raises respectively and so the investment as well.
The token introduction can be initiated in any country of the world.
The decentralized system makes no involvement of the central government and banks.

Steps to launch ICO:

Analyse and decide:

First and foremost,analyse and know about your business and the effectiveness of ICO's uses in your business.The imapct of ICOin your business should be useful and should increase the value of your product.

Create a Product:

The next step is creating your product which should be solid,robust,secure and scalable.The product should explain about its uses and importance as well as the changes that it will brings in the world.
Create a Token:

Creating a token,  means creating an asset that your business needs to survive. Tokens can represent any tradable good such as  loyalty points, gold certificates, IOU’s, in-game items, etc. The sale of tokens are controlled by smart contract.

Obtain Legal Opinion:

To avoid trouble, you will need a formal legal opinion and a legal description of the token offering and what investors actually get for it.Thus after creating your token,get a legal description for your
token.Legal framework changes from country to country.

Write a Whitepaper:

A whitepaper is one which clearly explains about the product,how it will be working,what changes it will bring,as a whole business model that explains about business plan,technical plan and marketing plan.

Create Hype and community :

Make your token to be known by more investors and create a hype at intital stage of your token.This inital hype of your token will surely increase your investors count and community.

Reachout Your Token on exchanges:

Finally,get your token out to exchanges to carryout buying and selling process.It may requires coin name,coin trading symbol,logo,description of the product,source code,etc.,

BITDEAL:

Bitdeal stands as a best solution for your ICO launch as it helps you starting from token creation,getting legal descriptions,creating white paper for your ICO and Bitdeal also helps you,to reach out your token with high community by creating hype for your token through various channels.

Originally Published:  How to launch ICO?