ICO stands for Initial Coin Offering. It is the decentralized alternative of IPO (Initial Product Offering). Crypto startups focus on utilizing the potential of ICOs to add to their user base and the count of decentralized financial transactions for taking their crypto on some reputed currency exchange.
Crypto startups opt for Initial Coin Offering for a number of reasons. You need to know about the way crypto business owners launch their ICO before getting their decentralized currency launched on some reputed currency exchange.
Steps The Way Crypto Startups Launch Their ICO:
- A team of professionals develops their whitepaper. This whitepaper tells investors about the way their crypto idea will work and grow to the next level.
- Marketing is taken to the next level with the development of a beautiful website.
- Marketing on the digital front is taken to the next level with impeccable social media presence on platforms like Facebook, Twitter, Pinterest, LinkedIn, Instagram, Quora, Telegram and many more.
- You receive funding either in the form of Bitcoin, Ethereum, or USDT.
- Buyers receive the crypto launched.
The purpose of launching an ICO is to ensure solid utilization, circulation and demand & supply of the cryptocurrency being launched. This increases the chances of currency exchange listing.
Benefits of Initial Coin Offering:
ICOs offer a long list of benefits to help crypto enthusiasts start their decentralized financial concept. The list includes but is not limited to the following only:
- Users from all parts of the world can purchase the crypto.
- ICO is a medium to sell crypto worldwide.
- The crypto being launched earns a massive user base from all parts of the world.
- Impressive decentralization.
- The business model designed for growth works effectively.
- Instant purchase and selling of crypto and without a middleman.
- The crypto going on currency exchange earns utilization, circulation and demand & supply in advance.
This is something that you need to understand before investing in any cryptocurrency in 2021. This is exactly the LPN TOKEN, a multi-utility token based on the ERC20 protocol of Ethereum blockchain has done effectively throughout the ICO phase.
In case you want to invest in the best cryptocurrency in 2021, LPN TOKEN has done ensure everything mentioned in the benefits of ICO section.
In case you want to know anything about LPN TOKEN, get in touch with our support team, or visit our website any time.