How to do crowdfunding efficiently?
John Walder last edited by
Crowdfunding has been a valuable source to develop businesses. With new and unique ideas, you will be able to raise a reasonable amount of funds. It will help you to run your business. But, what if there are other ways where you can raise funds in an efficient manner. Yes, you can do Initial Coin Offering. ICO is a method of crowdfunding. With ICO can go ahead with raising funds in a hassle-free way. Yes, security is what investors are interested in. IPO can be a good option, if not for security. So as long as you continue with ICO, you can go with raising funds securely.
But, the factor is how to raise funds efficiently? Well, to launch an ICO, you will require crypto tokens. These are the tokens you provide to the investors as digital assets holding their shares. These tokens can be created in different blockchains. This is where you can insert the “efficient” term into ICO. Choosing the blockchain platform has the capability to raise funds efficiently.
Which blockchain platform will be the best fitting for ICO?
To launch an ICO, it is always recommended to go with a popular blockchain platform. Ethereum is one such popular blockchain. To be precise, it is the second most popular blockchain platform. Ergo, the Ethereum blockchain is the best suitable to create crypto tokens.
Now, let us have a look at the standard to be used for creating tokens. ERC20 is a fungible token standard of the Ethereum blockchain. It is the best suitable token standard for ICO. Being the most popular token standard is the reason. Almost 70% of the tokens in the marketplace are of ERC20 standards. With such popular tokens, you can attract many investors who are crypto enthusiasts. And it helps in gearing up the ICO token sales.
How and where to create ERC20 tokens?
Creating ERC20 tokens is a piece of cake. But smart contracts are not. It requires guidance from experts to implement them. So it is recommended to consult an ERC20 token development company to create your tokens for ICO. But, work on choosing the right company. If not, I would like to suggest Zab Technologies, a renowned blockchain development company. They are specialized in ERC20 token development and can provide you with the needful. All you have to do is just make a list of your requirements to them and they will do the rest for you. I’ll drop the contact details in case you require