If you are a serious entrepreneur starting to look for funding to your next startup idea, you are likely to want a way to stimulate your brain to come up with as many good cryptocurrency project ideas as possible.
You may notice a lot of business ideas in various business magazines, blogs, and journals. This article will provide you with a clear perception of raising funds for your startups.
While looking on for starting a business can sometimes be risky for investment but in recent days ICO popular in the crypto industry. ICO business on this has always been popular for a long time making it more competitive, but 100% no risky.
Initial Coin Offerings adopt Blockchain Technology to raise startup funds. ICO’s – time will help make you money. ICO makes doing something special for the entrepreneur, so everyone can start a new ICO business and earn more money.
Why choose ICO for startup funds?
From Entrepreneurs end:
One of the benefits of fundraising with Initial Coin Offerings is that they are cost-effective and require low efforts to raise funds. While in the case of traditional venture capitals, the process is slow and is region-specific were raising the funds can be a complex task.
Moreover, with its decentralized nature, ICOs can be more attractive. This means that for an ICO, there is no such intermediary needed and hence funds can be raised instantly. Startups that make use of Initial Coin Offerings will have limited regulatory problems. As ICOs are visible to the global crowd, people from anywhere across the globe can participate.
In addition to this, here are some advantages to ICOs:
- Ensuring Utility
The primary purpose of creating a new token varies for every startup depending on the type of project. But it should have the utility within the new company. This means that the investors can buy the products or have access to the features.
- Listing Tokens on crypto exchanges
Once the ICO is over, most of the companies start listing their tokens on crypto exchanges. With this, there are higher chances of raising the funds more than you expect.
- High ROI
Both the entrepreneur and investors can expect a high return on investment with Initial Coin Offerings.
From Investors end:
The major concern of venture specialists are the conditions for a potential future exit, which usually leads them to spend considerable time negotiating favorable terms. On purchasing ICOs from a reliable startup and entrepreneur, there are greater chances to gain high profits from the tokens.
Tokens can also be economically viewed as the targeted stocks which allow investment for a specific project and eliminating risks. Accordingly, an entity could validly hold multiple ICOs on various projects and reach different sets of investors.
ICOs and fundraising will certainly not mutually exclusive, and a mix between the two could offer VCs a liquidity opportunity. The entrepreneur could maintain control of their company while benefiting from the added value of having experienced VCs on board.
Getting started with your ICO:
Launching an Initial Coin Offering will require clear insights into the future. Initially, you will require a timeline and roadmap for the company. Know the jurisdictions in the country you are planning to launch the ICO platform. Since Initial Coin Offerings aren’t regulated across the globe, you need to check with them.
Get a killer ICO developer team and legal advisory team for your ICO development. You need to draft ICO Whitepaper which comprises all these details such as the team involved, the roadmap, the problem & solution, the vision & mission, the regulations, phases of ICO development, the cost involved, about the company, etc.
Your solution provider should deliver a standout ICO token which brings in a huge set of revenues. Finally, design an intuitive ICO Website which contains the following set of details:
- The Team section
- The Roadmap
- The Product
- Social Media Channels
- Other information like Chat Application, Email, Blog, Contact us, etc.
Get your own ICO:
Excited to launch your own Initial Coin Offering for startup funds? Get in touch with us for a top-notch ICO to raise funds!