FEATURES OF PREPARING ICO PROJECT
Such an abbreviation as ICO, literally translated from English as placement of coins of the primary sample. In fact, this is a certain form for attracting investment money, which consists in the process of marketing a specific number of completely new cryptocurrency units. You can get them through a quick or one-time emission process.
Already, starting in 2017, about 5 billion dollars were attracted here. This was carried out from May to October inclusive, since in November the hottest point came when another 900 million dollars were attracted to the project. For example, if we compare this indicator with 2016, then only about 90 million dollars were raised for the same period.
WHAT IS THE PROJECT ICO PROJECT FOR?
Everyone who organizes ICO projects issues their own tokens, after which they are exchanged for modern cryptocurrency from investors. Often such an electronic currency is Ethereum or Bitcoin. This is done so that in the future it will be possible to launch your own project and engage in its development.
Often an ICO is carried out when the project is still at the initial stage of its development. All funds received in this way go to marketing, advertising, or to finance the final stage of development of a particular project. In this case, if necessary, you will be helped by specialists from Eternity Law International.
WHICH KEY COMPONENTS ARE IN ICO?
Any ICO has its own key components, which include:
site - provides complete information about your individual development;
development of a smart contract - a certain sequence of actions that is necessary to support and open contracts on a commercial basis, operating in blockchain mode;
WhitePaper - detailed information for leaders, specialists and other representatives, carefully describing exactly the technical side of the project;
marketing and PR ICO - targeting and contextual advertising, social networks, placement of various articles in the media;
the process of creating tokens based on Ethereum;
conducting the so-called pre-ICO, it is necessary to develop and collect the most important and necessary connections and contacts.
All investors who purchase tokens at the ICO hope that in the future they will be able to receive significantly greater profit after their resale, as well as use this type of cryptocurrency for its intended purpose. For further assistance and information, contact Eternity Law International.
To get the most out of your ICO, it’s best to invest right at the start. But do not rush to invest at the fundraising stage: tokens of most projects become cheaper after the start of trading on cryptocurrency exchanges. This is due to the fact that investors exit the project or sell bonus tokens.
Be wary of blogger ICO ads. Bloggers who usually talk about cryptocurrencies and ICOs will not advertise dubious projects, as this will greatly damage their reputation as experts. But entertaining bloggers can advertise a fraudulent project for money without knowing it, simply because they do not understand ICOs and cryptocurrencies.
Find out how to invest in cryptocurrency on the Ava Trade forum. This is the good forum about cryptocurrencies and ICOs.
Soberly evaluate how the ICO collects money. This should be an applied project: no fees for revolutionary transport, which will make airplanes unnecessary, medicines that treat all diseases, electric cars that Ilon Mask himself envy.
At the same time, the next game on the blockchain, crypto casino or blockchain media is unlikely to shoot: there were hundreds of such projects, and only a few became profitable. Only cryptocotics come to mind - one of the first games on the blockchain, the appearance of which caused a stir.
Keep in mind that everything in the ICO world is like in the Wild West: the process is not regulated by Russian law, and Western countries are only taking their first steps in this direction. Nobody will refund you if the authors turn out to be scammers. No one guarantees profitability. Do not invest money in ICOs that you cannot afford to lose. Make sure you have a financial “airbag”.
