Meaning of ICO
Initial public offer and the ICO are almost the same. The ICO is a procedure used by the organization to guarantee they raise income through the trading of the tokens. There are investors that have really benefited from the business although there is still an underlying argument that ICO is not legal. It has been believed that Bitcoin has more value than money or protocol in the years 2014.
Something that you have to think about the ICO is that in some way or another, it’s distinctive with the IPO. In the IPO, the investor takes a portion of the business shares while when it comes to the ICO there is nothing like that. Here the buyer gets another token that is of indistinguishable incentive from the old tokens. It has been hectic for the companies to be market their crowd sale but is now possible through the various site. For example the Token Factory has been widely used by the companies for the same.
The hope for the increase in the value of the cryptocurrency is the reason investors indulge in such deals. If the price really rises the investors make a lot of money from it. In case of otherwise money is lost. The population of the companies engaging in the ICO strategies for their project funding is high. In case you are not sure if your company is fit to deal with the ICO here are some of the factors to mind about.
Most companies have misused the purpose of the ICO as they take it as a way of creating revenue in a short while. Notwithstanding, for you to prevail around here you need to demonstrate your potential financial specialists how your tokens will bring up in an incentive sooner rather than later. In the off chance that the speculators are sure that what you are doing is correct and it will turn out as expected then they will flock into your deals.
The other thing you need to do is to ensure there is authenticity and transparency in your developments plans so that the investors can be able to monitor the proceedings and gain the confidence with your tokens. This means you are reasonable in your projects and you are not after getting rich very soon.
Make sure you have support staffs. Be assured in every field you have the right person to do the work. Thus you will be well prepared for the deal. You have to be sure that you can manage to pay your workers since they will be working even before the project launching.