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Initial Coin Offerings or ICOs has been a popular topic across all social channels and media in recent times.
Nevertheless have you wondered what are they? From where did they suddenly emerge from? And who are the chief investors behind them?
This ICO has been in practice for quite a while now. It is often described as being an occasion where local ventures or start-up businesses present various investors with units of cryptocurrency tokens in order to obtain funds. Nonetheless, ICOs are in fact used to RAISE FUNDS for the expansion of cryptocurrency or projects that are based primarily on blockchain-technology.
To facilitate this, tokens are released that are then incorporated into the project.
ICO mainly comprises of THREE vital stages. What are they?
Stage ONE: Analyzing the whitepaper and preparing the roadmap
For almost all businesses and start-ups today, it is vital to evaluate crypto currency tokens or blockchain technology needs for their projects in order to compete effectively in the global economic market. They should also be highly conscious of the fact that the deployment of DApps (Decentralized Applications) is much more high-priced than the centralized apps.
