How to raise funds in an efficient and secure manner?
John Walder last edited by
Businesses have relied on crowdfunding for several years. But, it has been over a lot of scams and has been inefficient at times. So it is recommendable to find a way to raise funds in a secure and efficient manner. In that case, ICO has done quite well in the past few years of crowdfunding. It was the year 2017 when ICO was at its peak. Telegram - a messaging company raised funds of over $1.2 billion in the same year through ICO. What more is required to trust ICO?
Launching an ICO requires crypto tokens which are digital assets. These tokens are sold to the investors as their equity shares. These tokens have the ability to determine the efficiency of the fundraising. Yes, there are a lot of factors that can determine the efficiency of your fundraising.
The popularity of the blockchain platform will be the first factor to influence fundraising. The more popular your blockchain, the more investors will get to know it and invest in your business.
The popularity of the token will be the second factor determining the efficiency of fundraising.
The transaction speed and cost can have a great impact too. There are many crypto enthusiasts out there who can become your potential investors. They might already have knowledge of the transaction speed and costs in each and every blockchain platform. Providing them with something that suits both you and your investors will be a wise decision.
Based on these factors, many will suggest you to go with the ERC20 token from the Ethereum blockchain. Yes, it is quite a popular token standard. But I will suggest something else. Something more interesting to attract more investors. TRC20 a token standard of the TRON blockchain. It is similar to ERC20. But it is quite more beneficial. The transaction speed of TRC20 is far better than ERC20 and to surprise us more the transaction cost is very low. Also, both TRC20 and TRON blockchain is famous. As a matter of fact, TRC20 is a good token standard for crowdfunding.
Now that you know the uses of TRC20 tokens, know where to create them. There are many sources out there to provide you with token development services. But it is advisable to find a trustable company to proceed with your TRC20 token development. I have done some groundwork and found out that Zab Technologies is a renowned blockchain development company you can trust blindfolded. They have been doing this for some time and have framed good trust among the clients. You can contact them to know more about TRON token development.