ICO (Initial Coin Offerings) has revolutionized the fundraising mechanism by proving to be a simple as well as cost-effective method. It offers valuable crypto coins to investors in exchange for other cryptocurrencies such as Bitcoin or Ethereum.
Various costs are involved in a successful ICO launch. The activities which involve significant expenses include preparation of a professional whitepaper, token distribution, landing page optimization, marketing activities across a variety of channels, bounty management, and wallet integration.
The costs will vary depending on the complexity of the project, the requirements of the client, the technology stack used, and the skillsets of the team members.
It can cost a minimum of $10,000 and can go above $35,000. Get in touch with the accomplished developer team of Blockchain App Factory, a renowned ICO development company in the industry. They provide end-to-end solutions with blockchain integration, smart contract development, ICO marketing, website designing, and assistance in listing on exchanges.
They are well-equipped with the changing trends in the market and craft result-oriented strategies for improving the reach of your ICO. Their impeccable services will help you to gain the much-needed trust among your target audience.
Ensure that you allocate a significant budget for having a safe, legally compliant ICO built on a strong business idea and supported by strong technology that provides real value to a community of contributors. A successful ICO will cost more due to the different stages involved in the process but will sustain longer and provide high returns for your business within a short period.
Think about the value that you bring with your ICO, have a plan regarding fund usage, get your tokens listed on the leading exchanges and speak to your interested community with confidence to increase your chances for a successful ICO for sure.