ICO (Initial Coin Offering) is an innovative method of raising funds for startups to implement their cryptocurrency operations smoothly. It requires a well-versed marketing strategy to have an instant impact among investors. ICO offers an easier method when compared to the stringent regulations imposed by banks and venture capitalists.
Some Factors That Every Firm Must Keep in Mind Are
- Verifying the validity of the token
- Developing an experienced team
- Disclose the project’s vision transparently
- Smart contract development
- Fix the details regarding the token sale
- Plan diligently ahead of the official launch of the token sale
- Determine your budget
Aspects That Every Company Must Avoid During Promoting an ICO
- Not following the law
- Absence of a marketing plan
- Buying followers
- Engaging in illicit activities
- Skewed mining structure
Lets follow the link to know more with brief - https://dev.to/amvanessajane/factors-to-be-consider-while-promoting-an-ico-1f6k
