Before knowing the benefits of launching an ICO, let us start with some basics of an ICO.
What is an Initial Coin Offering (ICO)?
An initial coin offering (ICO) is carried out to raise funds with the help of investors for a Cryptocurrency project. The money raised in an ICO is used for the development of the company and works as capital for the company. Even when the ICO is completed, the fundraiser can issue tokens for business purposes. In simple terms, an initial coin offering is a program processed by crypto startups. So they can begin one and pave the way for funding.
Anyone can participate in an ICO, however, the only thing needed for an individual to become an investor is to register with the company by creating an account. No KYC is essential to participate in the crowdsale. Despite the other crowd-funding techniques, ICO has some formidable benefits.
Benefits of Initial Coin Offering
- ICO is open for everyone despite specific geographical situations. Consequently, it offers a complete supply of cryptocurrencies around the globe.
- The projects can raise funds in a fully decentralized manner, which is quite important.
- For people/companies looking to raise funds, this is a fast and easy method because marketing costs are very low.
- Third parties like banks are not required in financial processes if you use an ICO
- There are no rules and regulations governing the entire ICO process.
- It gives easy access to tokens which will become a truly relevant cryptocurrency in near future. it is often seen as an asset by the investors
- For project inventors, it paves ways for building a community of people who help their projects.
- Cryptocurrency ICO’s provide the investors some additional services and benefits than an ordinary client.
- Investors can become a part of a community or project of their interest if they provide funding through ICO’s.
Even though there are formidable benefits in launching an ICO, It’ll require a technical team to assist you with your technical requirements. So, If you are looking to raise funds using an ICO, go for an ICO Development Company. If you are confused about abundant companies in the market, get in touch with an experienced ICO Development service provider, Zab Technologies. They have experience in helping entrepreneurs to launch ICO in an efficient way. They can advise you on how to set up an ICO.
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