ICO, or initial coin offering, is a special fundraising method through which you can raise enough to kickstart the blockchain business easily. However, to make fundraising successful, you require a platform where you can arrange the campaign, manage all the funds, get more participants on board, and so on. Therefore, knowing more about ICO development is crucial.
This article below discusses the top facts you need to know before
proceeding with the ICO development process.
- First, you must decide
whether you want a public or private ICO. based on this, the developed
platform features will vary.
- After this, you need to focus
on listing the features to be developed in the ICO platform. For instance,
you should list the security features to implement, like encryption
algorithms, user authentication, and more. Also, you need to decide on the
components to be included in the user interface.
- Furthermore, you also need to
check the industry compliance and standards that should be met before the
ICO goes live. You must meet all these compliance standards if you want no
legal hassles.
- You also need to focus more
on the ICO development roadmap.
For instance, you should brainstorm and gather ideas about how the
campaigns can be made successful.
- Run thorough market research
to know more about the current market status, performance, and many other
aspects.
- You also need to draft a
whitepaper containing several important aspects, like project timeline,
product features, problems to be targeted, and many more.
- A responsive website needs to
be designed so you can manage all the functions. It should run across
different browsers and devices.
- Include social media links on the website to ensure you can
promote the campaign on these platforms and drive maximum traffic.
With this guide, making the
ICO development process successful won't be a problem. But do collaborate
with a third-party organization to make the work much easier.
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