ICO is currently one of the hottest ways to raise funds. To be straight, it’s actually a fundraising mechanism that revolves around cryptocurrency or bitcoin. An ICO development company can always help people achieve success in the digital world.
ICO is a popular crowdfunding policy, and you can always come up with new and energetic ideas for the crypto world. However, every ICO project requires some critical assistance like marketing, technical, and legal support. That’s why before starting or handling any project – people tend to move toward an ICO development company.
ICO companies need to make contact with a reputed ICO development agency for the software and post-public engagement stage. It’s crucial to raise the brand value and raise project funding. ICO development agency can help with some of this assistance and help you gain opportunities.
Yes, it’s not always about the business that matters. Rather, it’s about the journey you will take. Asking for help from a reputed and trusted company will ease the task a lot. Now, the problem is, why can’t you just start an ICO?
Yes, you can sure complete everything on your own. However, only a fraction of people can pull off a successful venture. The problem still remains on how to make the venture successful. ICO launch services have the experience and skills to complete the challenge. Let’s understand ICO first. Afterward, we will have a word or two about ICO services.
So, what’s the topic here?
The modern world is moving towards cryptocurrency. So, it would be foolish if we don’t become a pioneer in that area. Anyway, ICO is a bit different from any traditional form of crowdfunding. Because it brings a new form of ethical, legal, and security matters into view. That’s why the whole process and currency system is often under debate. But companies are starting to understand the whole process much efficiently.
Of course, new technologies are bringing changes and turning up securities extensively. On the other hand, the novelty of an ICO concept has brought about success. Most of the time, ICO is a great way to raise funds. Obviously, people who think forward can achieve massive success with the project.
What is the ICO Launch Platform?
When you think about money, what comes into view? First of all, it’s going to be a white building called a bank or any corporation like the federal reserve. But what about making money where nobody can imagine? Yes, it’s quite possible if you want it to.
If you are a student of business school, you know about IPO. ICO is just like an IPO. However, there’s a little difference between the two. The word ICO means initial coin offering. Mainly, this is a fundraising mechanism for a lot of people.
When you are looking for details about ICO development services, you know about blockchain already. Blockchain technology is a wide world where people get to share and get access to information regarding their transactions. At first, it may look a little awkward and confusing. But people tend to get the detail much faster than we think of it to be.
One thing for sure, the idea of an ICO is always amazing. Even though once it was a little complicated. However, now this has become an emerging practice for people throughout the world. Getting back to the earlier thoughts. ICO projects are great for companies involved in blockchain and cryptocurrency.
This is more like a traditional stock market. Just like we said, this is more like an IPO. But in ICO, the investors will receive a portion of the token. Yes, any company who wants to create or develop a new form of money – start to develop ICO.
Important Elements of ICO Development Companies
ICO development companies come with a plan and try to execute it perfectly. However, they need to ensure some important elements like:
- Legal Actions
- Technical assistance like web development, wallet service, and software
- Proper market research
Anyway, running a project does need a lot of money. Thinking about all that, no small company or investor can think about doing that. Blockchain projects are simple but complicated. Especially, when you develop something under this technology, things can get messy. But how does an ICO work?
How Does an ICO Work?
So, a good question should be how does an ICO work? ICO means initial coin offering. This is more like a stock market online. Remember what we said earlier on our content? Yes, some people may consider introducing a new form of money.
Bitcoin is one of this money, and there are other forms of cryptocurrency. However, creating a new project and initiative for making this crypto is hard. Because, in the past, there were successful crypto coins. Also, some weren’t very successful.
However, any company has good reasoning for it to be successful. So, they want to raise funds. Anyway, why would people want to invest in them? That’s a big question anyway. Well, to be honest, they just create a whitepaper and start marketing.
A whitepaper is like a share or introduction to their plans. When they introduce any whitepaper, interested people can understand the plan and future of the developing crypto. Thus they invest in cryptocurrency or tokens.
And What’s the Result?
Frankly speaking, ICO is best for one thing – an ICO company is trying to introduce a new kind of cryptocurrency. But they don’t have the money and investment to start the project. ICO projects help the company to raise enough money for the project. So, they can raise money for the token without creating the coin. Rather they make a whitepaper or token as a share.
When the new crypto becomes popular, investors gain profit from it. Because they don’t need to care about the exchange rate or purchasing the coin anymore. And the success rate depends on the campaigns of the ICO company.
Yes, any ICO project development company will always achieve money without even introducing the cryptocurrency. But that doesn’t mean it’s still that easy. Understanding customer safety and the guarantee of success is unknown.
So, what is the success rate anyway? It depends on successful marketing and other strategies. We will talk about those later in this content. But how can you tell if ICO projects are safe or not?
ICO Launch Platform – Security concern for ICO Companies
You will be shocked to know, dozens of new cryptocurrency comes every month. They come from a process or mechanism called ICO or Initial Coin Offering. Even investors have created an appetite for the investment on this token.
Well, the concept is rather simple. You don’t have the budget to invest in your project. So, you create a whitepaper and introduce the details of your cryptocurrency. And then they raise funds and sell a portion of the whitepaper. This is called whitepaper, and you are just sharing a portion of the token. This means when your cryptocurrency is successful, all investors will receive a bit of the profit.
Creating a new cryptocurrency is not an easy task. When anyone is creating a new cryptocurrency it’s not just about the whitepaper. You have to prepare good software, website, and wallet service. Not to mention, finding a good way for securing investors is also a concern.
Now, after 2018, the investing idea has become surprisingly popular among digital people. So, the truth is, there was scamming in the digital world. Considering all these facts, how ICO projects can ensure safety? It’s really a huge problem among a lot of people.
ICO development agencies are not considering anything regarding the user. Because they want to facilitate the overall project. Every ICO company has its own plan for satisfying their investors. And development agencies try to create a secure space where any bad actors cannot create a mess. Also, they act as a consultant for meeting the goals needed.
Blockchain technology is a safe way to gain easy money. Also, it’s a perfect way to invest some money. Of course, there won’t be any possibility of any sort of success.
What Kind of Security Issues ICO Development Companies are Most Vulnerable to?
ICO has become a huge aspect of interest. With this growing interest, more and more people are trying to get their hands on a successful token. Of course, no one can guarantee the success of a coin. Rather, it can become unsuccessful in many ways. Well, the first concern regarding ICO is always going to be security.
Hackers are always active with their bad acting in the blockchain world. Yes, blockchain technology did come up with better security measurements. However, hackers are also trying to come up with a countermeasure. From the very start, bad actors tried to hack capital from the ICO projects.
It’s understandable why they would want to do so. A big amount of money is being invested. Not to mention, the amount of money is not small in any way. Without any government authority to look after the security, ICO projects were always targeted.
Anyway, taking the anti-hacking measurement is always the best security. The best way to do that is by taking authentication measurements. Taking up multiple authentication procedures can always decrease risk factors.
Hiring and investing in a permanent development team is expensive. Yes, it is always great to have everything sorted out by a specific ICO company. But if you want to save some money and also get the best result – ICO development company will always help. Because they have a mix of experts in their lineup.
Mainly, the solution here is by hiring development companies. To understand the benefit of hiring one team is obviously crucial. But before that, we should shed some light on the problems first.
So, what’s the biggest risk here?
Every ICO project comes with a single ICO script. Hackers use just one ICO script address for their single attacking point. First, they attack the address and change the information of that address. This way, they can change or alter all the funding to any specific route they want.
So, the biggest risk is always about security. Just like we said, security and management is the biggest asset for any ICO project. Without a secured website, funding wallet, and payment gateway – bad actors can easily attack your fundings. And that can’t be good for you. Well, the security concerns start from medium to severe problems.
Most of the problems are regarding software and web development. You have a great company and a perfect goal. However, without ensuring safe standards – it will be foolish to start your business. So, what risks will make you suffer? Here are the possible security risks involving your ICO projects:
First, ICO Organizers Face Security Problems a Lot
Blockchain technology creates a stable network where everyone in the network can access all the information. However, ICO companies organize everything online. In order to connect and reach the public, they create websites, purchase or develop wallets, and software. In this software, there is an authority or organizer.
Most of the time, attackers can bypass 2FA or hack the organizer account. After that, changing wallet addresses or taking funds away becomes easier.
Security Issues with Smart Contracts
Well, smart contracts are considered a weak link in ICO projects. So, ICO companies are careful about making a secured smart contract. These problems occur when you don’t have good programmer expertise. Also, insufficient coding testing is another reason for the problem.
ICO Web Applications
For the best management, a lot of ICO web applications are introduced daily. Arbitrary file reading, code injection, web server disclosure for sensitive information are the major insecurities.
Attack Against Investors
This is another problem ICO companies face is the attack against investors. Well, the problem mainly occurs for verification failure and not having KYC compliance.
Mobile Applications Vulnerability
Mobile application vulnerability is probably the most severe form of insecurity for ICO projects. Yes, mobile applications make it convenient for investors to enter your project. However, mobile operating systems are not safe by any means. Data backup, information leaks are always occurring without anyone noticing. And these vulnerabilities can make the project suffer a lot.
And How ICO Development Company Can Help to Solve the Problem?
Bad actors may come and take away some assets. That’s why ICO providers need to take the authentication process much more seriously. They must take authentication seriously and implement them. We have talked about the security risks. But that should not let you stop right off the bet here.
ICO development agencies come with a mix of experts. Now, if you think about the security concerns – they know how to make the web applications safer. ICO development agencies most of the time develop different ICO applications, mobile applications, and wallet services.
Having a good ICO developer company is of course great. However, a lot of ICO companies cannot afford to invest in these software services. That’s why asking for assistance from an ICO development agency can benefit your project.
ICO development agencies deal with software and other consultancy services. And as they have experience in the digital world, they are constantly trying to improve the technology. Such an achievement is expensive for just one ICO company. Shedding some light on the tasks of these agencies can give you good foresight.
Why Would People Want to Invest on ICO Launch Platforms?
ICO tokens always represent a specific type of asset. However, cryptocurrency does have some great benefits. In an ICO, any developer has the freedom to set the exchange rate and functionality of the coin. Think of it like a traditional game – when you play the game, you will purchase gems or gold coins. Cryptocurrency is just like that.
When a new form of cryptocurrency will come – the price range may rise or decrease. There might be a possibility that the crypto may gain value over time. Also, investors may want to sell their tokens later on, and they might get a profit.
Depending on the stipulation of each cryptocurrency, people may even have to trade it with other crypto coins. However, there is also another possibility that the project may fall from the expectation. So, every potential ICO investor will always have to maintain a thorough plan of initiatives.
Not just that, every ICO project wants the user or investor to know about the project. So, the project holders inspire the investor to first stay clear about their investment. A proper blueprint and idea will always increase their confidence in the project. In recent days, the potential for investing in ICO projects are getting higher and higher.
Why look for a good ICO development company?
Let’s just talk about the previous year, shall we? At first, it seemed almost everybody online was either running an ICO project or taking part in it. The final result was massive and groundbreaking. And if you have a smidge idea about the stats and success rate – chances are that even you are thinking about taking a stance.
Numerous ICO projects were operated just by a single person. Somehow the project became successful and raised a ton of funds. That’s not the big issue here. Starting a quick tour for a successful ICO project will be complex. There’s a lot of work to complete and it won’t be easy.
Not just that, at the very beginning – every ICO project needs to go through different steps or phrases. There is no such universal way to get the project running. However, we can say there will be two different phrases for every ICO project.
- Post-public engagement phase
- Final and delivery phase
To be honest, the post-public engagement phase is the most important time for your crowdfunding. Because this is the time, you will raise funds and start thinking about creating crypto. Anyway, we have heard about a single person claiming success from an ICO project. But one thing for sure, just a single person cannot handle the whole project alone. That’s where ICO companies come into play.
There are a lot of reasons why they should be considered a friend for your own achievement.
How will ICO Development services help you?
Earlier, we have discussed the different phases of ICO projects. We said the post-public engagement phase is the most important part of the whole process. To launch a successful ICO project, you have to take some important steps. Steps such as:
- Coming up with a great idea and thinking thoroughly about the subject. In other words, making sure the project needs an ICO.
- Understanding the competition.
- Proper research and legal procedure of the area.
- Creating an ICO token
- Writing a white paper
- Creating a website and online entity
- Ensuring the security of the website and presenting different strategies to connect with crowds.
Basically, these are the things ICO projects usually include. It means, if you make a blueprint of any ICO project, this is a standard backbone structure for you. On the other hand, other things should come into view. If you don’t have a good team, it won’t be successful because the competition is fierce out there.
ICO companies come with a lot of experience in the competitive world, and they can offer the best solution. For such solutions, they introduce some interesting ways. Usually, every ICO company operates in major sections. Try to understand the sections because we know it takes time. But patience is the key to your ICO project or initiative.
ICO launch services will always help you with the post-public engagement phrase. And marketing assistance is the first thing they would do for you. Mainly, successful marketing strategies can even bring up ridiculous projects. So, to gain results – a successful and powerful marketing strategy is important.
Truth is, you cannot determine the market without working within it. Yes, a lot of people gain a lot of experience and start with ICO. But if you think you should just become a part of the system first, that’s not a good idea. ICO development agencies can always help with proper marketing strategies. Because a well-reputed ICO launch platform will come up with a global scale experience. So, they know the market much better than you do.
Yes, a single person can always try to look for information and stats. But stats and the mere number is not the practical market. That’s why connecting with a reputed ICO company will help you gain strategy. Maybe, you can just ask for a single consulting service.
However, if you look for marketing assistance, here’s how they will help you:
- Help you with product and idea analysis. They will even validate your idea with their experience.
- ICO companies can help you with planning and marketing campaign strategies.
- They can easily help you with online platform branding.
- Making the project available in different news sources
- Some even help with professional yet far-reaching bounty platforms.
- Managing all the online advertising with SEO and other marketing strategies.
So, these are the basic marketing assistance an ICO company offers each project holder. And for the post-public engagement phrase, it’s effective in many ways.
Legal Action Services
For a lot of companies, ICO is a great way to raise capital and funds. However, we discussed one thing – ICO comes with different legal action from the traditional one. And there is some jurisdiction about the matter, of course. To ensure some important security measurement, ICO does need to be compliant to jurisdictions.
Alot of governments around the globe are taking crowdfunding seriously. Well, the legal action is, of course, a trump card for a successful ICO campaign. Most of the time, these legal terms are planned while starting or creating your token. The token is your doorway to success.
ICO launch platform can easily help you with a lot of legal actions no doubt. The reason is that they are always working on projects like these. So, they know what the universal standard for your idea should be. So, what kind of help they offer you with legal actions?
- First, they can help you with international money-laundering law and KYC regulations.
- ICO services can perfectly help clients with jurisdiction based action plans.
- They can help you to make your whitepaper stand out.
- Assistance with fixing the token policies, terms, and creation
- Help with token liquidity and distribution.
- Provides service with documentation of tokens.
- Legal services even after the project reaches its goal.
So, these are influential and legal services from ICO companies. Of course, their services depend solely on the company’s goal and target.
Financial assistance is another place where ICO development entities shine the most. Well, crowdfunding is not just about getting money from investors. Your goal is to make the cryptocurrency stand out. If you don’t get enough funding, just leave the project for now. Well, that’s how ICO funding works. If the project fails, the company must return all the money to the investors.
But nobody wants to become unsuccessful, that’s for sure. And ICO launch platforms can help you with financial management. Of course, most of these services are including consultancies. Without analytical financial strategies, marketing cannot grow.
For financial assistance, almost every ICO company provides the following services:
- Different financial strategy consultation
- Helps to avoid the risk of overpricing or reducing the initial price of the token
- They can help the project owner to hold the funds within escrow.
- Comes with different wallet services.
- Financial evaluation and auditing and reporting.
- Helps create an investor network.
Technical assistance is nothing new actually. Almost every project needs technical assistance. Yes, technical assistance is vital for creating great value for the mass. ICO is within blockchain technology. Blockchain technology is a wide and large area. Where everybody is connected like a wide network.
Now, ICO services facilitate different technical supports like:
- Blockchain development services
- Ensuring smart contract
- Compiling, testing, and solving different project-related tasks
- Services regarding security
So, the technical support is all about ensuring safety and structural stability. Considering all these things, ICO services are best because of a solid team.
We should have covered this one from the beginning. Post-ICO assistance is mainly a consultation service. Generally, an ICO service provider tries to connect with the project owner team. It’s vital the whole team gets a crystal clear view of the goals and practices of the new development.
So, they first interact with the project owner. When anyone is connecting with ICO services, they are not relying completely on them. Laying out the right direction is hard for anybody. Even anyone connected to the digital world has to face difficulties. And only the Post-ICO phrase is the only way to gain a blueprint.
First of all, getting to know financial strategies is important. Because you may gain an overview of the whole digital world. But people working practically in the market is crucial. Before starting the ICO project, marketing, raising brand value can gain a lot of opportunities. So, what sort of support can these companies offer in the Post-ICO stage:
- Planning financial strategies
- Discussing and directing the ICO company board of directors.
- Helps create brand awareness.
- Assistance with maintaining control over the token.
- Web design, implementation, and other developments
- Help with community support
- Helps to build the right community.
What Process Should One Implement Before Teaming Up with a Good ICO Development Company?
ICO is probably the finest confluence between crowdfunding and traditional fundraising. After coming through a large text, one can be sure that ICO needs a lot of elements at work. Without ensuring such criteria it would be impossible for developing a successful project. Now, asking for help from experts is always helpful and welcoming.
However, finding the best ICO launch company is a cumbersome task. It’s not very hard and you won’t need big data and knowledge of the digital world. But yes, the task will be tiring. Anyway, there are ways you can make sure there is a good company that can redeem your goal. How to do that? Just here us out on this one.
Checking Out the ICO Development Company History
Thorough background research can always help you decide the best service. Yes, we know if we filter out new companies, how will they become something great? It’s always up to their struggle to achieve stability. If you are willing to pay, going for a reputed company is the best option.
Why should we check the company history firsthand? Because you will entrust a large amount of money to them. Yes, checking out their service quality and different service standard is also a part of your research. Let’s head back to 4 or 5 years. At that time, ICO was a baby concept. So, there wasn’t too much expert company out there.
Now, scenes have changed drastically, and a lot of company is advertising with high-flying banners. And ICO was blamed for scams and other problems in the past. Just remember this, ICO is currently becoming a legal investment tool. That’s why ensuring the service history and reputation of the company is vital.
Figuring ICO Development Company Marketing Plan
Earlier, we said an ICO launch platform will always help you with marketing and financial strategies. But that’s on your part. Anyone wanting to start an ICO project must ensure he has a goal in mind. That’s why you should also test the company out. It means, understanding whether they understand the ICO landscape or not.
Because you have a goal and the company can introduce you with the investor’s mindset. If they are experts in their own field, they are always keeping a keen eye on the marketplace. The competition is fierce in the digital asset world. And with debatable scams and frauds, the company should always have something figured out.
Marketing is one of those elements that can show you the stairway to success. So, before you give a strong promise to your investors, make sure your ICO company promises you better.
Understanding the Legal Process of the ICO Development Company
Even ICO have different authorities laying down legal notices. Every ICO company should be KYC compliant. Funny thing is, the USA is the first country to approve ICO. On the other hand, China completely banned the activity. India is considering ICO token sales illegal. However, they don’t think developing ICO is bad. So, slowly the world is starting to put jurisdictions on the mechanism.
And a good ICO development service firm should take these legal jurisdictions seriously. Otherwise, no ICO project can gain success in this fierce competition.
Know the Team
What makes any project successful? An expert team with full dedication. The same is true for an ICO development project. When you are seeking a proper ICO development company, knowing the team is vital. Going back to the debate, if we don’t keep an eye on new companies – how will they grow?
Well, the answer is, the first impression does matter. You cannot understand everything about a company online. So, you are scrolling through their website and praising their appearance. If a new company can impress you, you should check out their team. Even a reputed company may lag behind without a team. However, you are here for your own success.
So, check out the team and sections of the ICO development company. Know what’s their experience level on a global scale. This is another good way to interact with the ICO development company. Because an expert team can help you with different aspects of the ICO world. And you can gain multiple opportunities to reach higher up the competition.
Just make sure that the company has a mix of experts. Getting to know their personal achievements can shed some light on the whole team. This team should have proper knowledge and experience in blockchain technology, legal disclaimers, development, marketing, smart contract development, and wallet development.
How They Help with Making Your White Paper
The white paper is a crucial element for your ICO project. Whitepaper mainly acts as a gateway for the project’s goal, vision, and distribution strategy. It should also unveil the benefits of the investors. Thus, a whitepaper should be made by a professional. Most of the time, a lot of firm neglect this part and create a bad reputation for the whitepaper.
Know the Plan
ICO development company can help you in many ways. They come with different aspects to fulfill your goal. When anyone shares their idea, the company will start with a plan or blueprint. So, don’t just take the reputation into your mind’s custody. Rather, here out their plan for your idea.
Sometimes, many agencies state exorbitant claims. Don’t fall for cheap tricks and try to understand the practical and realistic promises. What you should rely on is the economics of your token. Yes, market research is not on you. But try to check the research documents and data from the agency. This is why you are asking for services from these agencies. They are there just to ensure the landscape of the current competition.
Check out Reviews of The ICO Development Company (Not Mandatory)
Blindly following opinions is a bad thing. However, you can check out reviews online from people who were connected with such companies. Sometimes this can assure you of a comfort zone and give you confidence.
So, For the Bottom Line
This was a long and tiring discussion for both of us. But I think the main point is quite clear. Ensuring a clear vision and goal is mandatory for ICO tokens. There are a lot of projects with high-budget and expectations. But they fell behind, and ridiculous projects gained success. We cannot say which one is ridiculous any more.
However, one thing can be said – the right approach is always the best solution. If you are willing to join the large blockchain community – you are more than welcome. And if you want to start an ICO – ICO development company is there to assist.
In the days of fierce competition in the digital world, no one can say for sure – they can become successful alone. You may have a team of your own but you still have to look for consultancy assistance.