How to create ERC20 tokens for ICO fundraising?
Robert Kroos last edited by
As the crypto markets are booming, many startups and entrepreneurs are willing to start something in the valley. But before the entrepreneur has to make some financial basics. One way is creating ERC20 tokens on top of ethereum Blockchain and launching an ICO. To launch an ICO the first and foremost step is ICO token creation. Also, People who want to grow their ecosystem usually create their crypto tokens. If you wanna create crypto tokens, then create your crypto tokens in the Ethereum Blockchain.
As of now, Ethereum is the largest Blockchain that helps entrepreneurs to develop crypto tokens and other decentralized applications. ERC20 tokens are highly fungible, like dollar bills. It can be easily exchanged with other ERC20 tokens. For this unique feature, ERC20 tokens are quite popular in the crypto space. many investors would love to buy this token standard.
For fundraising purposes, you need to know about Initial coin offering (ICO). ICO is a way of raising funds in the crypto space by selling ICO/utility tokens to investors. With the fund raised the entrepreneur can launch a business.
Here are the steps to create ERC20 tokens for ICO:
i) Think of an idea for your fundraising.
ii) Work on the competition analysis.
iii) work on the legal requirements of the country you are willing to launch an ICO.
iv) Hire an ERC20 token development company to create ICO tokens.
v) Start promoting via marketing and PR's
vi) Launch an ICO
Most of the steps you can do on yourself. But, one complication is choosing the best ERC20 token development company. To help you out here is a short trick.
How to choose the best ERC20 token development company?
The first and foremost factor to consider is whether the company is capable of working on cryptocurrency projects. If yes, contact the Blockchain experts and get a road map to your business. One of my suggestions is Zab technologies. They will help you to create ERC20 tokens and crypto wallets for your business in an efficient way.
Contact the Blockchain experts to get a free consultation.