Cues to develop your own STO; Steps and benefits involved:
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A security token is a token that derives its value from an external asset and is subjected to federal security regulations. The demand for security tokens is rapidly increasing as it comes along with benefits like increased market efficiency, lower issuance fees and fractionalization of larger assets. If a startup meets the regulatory obligations, the STO can create a vast potential for a variety of applications. In order to do that, it is essential to know the steps involved with developing one. Let’s take a look at what they are.
Major steps for STO development:
Creating an Informative landing page
Creating Owner’s Manual/ Whitepaper
KYC and smart contract integration
Implementing marketing strategies
Setting pricing for the tokens
Building a strong customer support
Benefits of an STO:
Decision Voting rights for token holders
No geographical restrictions
Rights to share profits
Repurchase of shares
As the demand and popularity for cryptocurrencies are increasing, you have to adapt to the quick changes in technology and features if you are developing your own STO. But developing one from scratch will consume a lot of time and money. The better option is to opt for a recognized STO development company like Blockchain App Factory, which has a team of experts who will offer reliable services that are mentioned above including personalized customization that matches your preferences at the most affordable prices. So, approach them, launch your STO in no time and raise millions!