5 Steps To Launching A Successful ICO

If you have a great idea, you will probably have a successful ICO. But there is more to that idea. People are getting more informed about the benefits and uses an ICO offers. If you want to realize your idea, you will need to put a lot of effort and resources. But first you need to know a few tips before launching a successful ICO.

1. Create a Decent White Paper

A lot of people focus on making a white paper that kind of sells the product. This is the first mistake you can make. Don’t try to make your white paper look like a marketing plan. Fraudulent ICOs mostly use this kind of methodology. Your white paper should thoroughly describe how the problem will be solved and how exactly will you do that.

2. Define Your Purpose

You need to have a clear strategy of what you are selling. The tokens you choose need to be easy to remember. By that we mean that you should choose a symbol that people will recognize easily. Try and research the hard and soft token cap as well.

3. Legality

The best thing is to probably hire a legal advisor on your team. He will most likely tell you if the nature of your business is illegal or unregulated. Also, legal advisors help you make a plan on how to spend the funds you raise.

4. Create The Best Team Possible

This step is probably the most difficult one. You will need to find people that believe in your idea and also people who really want to go all in with you. The best thing is to probably hire people with experience, great engineers, developers, and managers.

5. Make It Available

Make sure to create an attractive website, with clear instructions on it. This way you will help your brand grow.