I get asked rather often to help with evaluating the viability of ICOs. I should tell you that I participate in ICOs from time to time however I don’t consider it investing.
ICO stands for Initial Coin Offering. Despite the name it doesn’t actually have much in common with an Initial Public Offering (IPO). It’s a new way for cryptocurrency companies to raise money.
The buzz around cryptocurrencies has been growing steadily since the inception of Bitcoin in 2009, and the growing popularity of other cryptocurrencies and tokens means the fervor is unlikely to die down anytime soon.
A cryptocurrency wallet is your first step in order to send and receive cryptocurrencies. You can think of a crypto wallet like an email inbox. There are many types of emails accounts, but most people that I know go with Google, Microsoft, Apple, or other online free email services.
Bitcoin was invented in 2009 (just after the financial crisis) by somebody (or a group of people) who goes by Satoshi Nakamoto. Satoshi’s goal was to create “a new electronic cash system” that has no central authority.
First of all, congratulations for making it this far! You now have your MBA in how to run a blockchain business. Your post ICO strategy should be focused on delivering on the promises that you made during your ICO.
The cryptocurrency exchange dimension is what makes the difference between crowdfunding and an ICO. As a crowdfunding contributor, after contributing to a campaign you simply sit, wait, and hope that the project that you contributed to is completed.
This is a technical team’s webapp/website checklist for running an ICO. Note: Some of these steps are relevant only for ICOs with ERC20 tokens. While the rest is applicable to all ICOs.
Unlike typical startups, ICOs usually use advisors to help with various functions of the company. We have new projects signing up to our platform daily, so I have seen and evaluated over 400 ICOs.
You've got your product in place; you're implementing your marketing strategy, speaking with lawyers, building your community, now it’s time to hit the road.
One of the most important things to do when launching an ICO is to seek legal counsel. With a quick search, you should be able to find an attorney in […]