Since the first ICO was launched in 2013, they have moved from obscurity to one of the most influential Fintechs fundraising facilities for companies, projects, and start-ups alike. The first ICO on Mastercoin raised $500,000, which is a pretty good sum for the first of its kind. However, by the summer of 2014, Ethereum managed to raise $2.3 million (3,700 BTC) within just 12 hours of its token sale, and by September of that same year, the Ethereum ICO closed in at $18.4 million. By May of 2018, $13 billion had been fundraised for companies via ICOs. ICOs have shown they have powerful fundraising potential, but if you’re up to date on cryptocurrency and the Fintech world, you’ll know that navigating and launching an ICO can be a complicated endeavor that’s susceptible to turbulence and corruption. Millions of dollars have been lost through ICOs
- in 2018 an estimated 81% of all ICOs were reported as scams. Setting up and launching an ICO has to be achieved through a rigorous process and be the right financial step for you. Location, your team, your Whitepaper, your asset-token, and more all play an integral part in your ICO’s success.
Thankfully, we have experience launching our own ETH-based ICO
here at Invatechs, a dedication to finding solutions to your technological challenges
, and a commitment to sharing our advice and knowledge. We’re going to take you through 10 steps that’ll help you launch your own successful ICO with tips and tricks along the way.