If you have outlined an idea and trying to develop your startup by executing it, the biggest challenge is to get appropriate funding. A new trend in Blockchain called ICO (initial coin offering) is a new effective way that allows companies to pre-sell access to their services as a method to gather the fund and expedite the development of those services.
Raising Funds through ICOs
In an ICO campaign, companies create a token (for more info, read ICO token development) that enables the holder to access products, subscriptions, and services from the new startup.
The ICO enables startups to sell those tokens before they launch their company, as a means of fundraising. It lays the foundation for companies to gather large amounts of seed capital from investors, therefore, democratizing startup funding.
ICO can prove to be an effective way to collect capital for your business idea. However, it involves a few things that need to be taken into consideration for success, such as communitycontinue reading →