Why ICO is still the best crypto crowdfunding model in the crypto space?



  • In this fast-moving world, blockchain technology plays a vital role in securing data. Because of this aggressive growth in the crypto industry, most people are willing to start their businesses in the crypto sector.

    Budding startups and entrepreneurs are having their own unique business idea to raise funds through the best crowdfunding method. Currently, crowdfunding can be classified in two ways namely,

    • Traditional fundraising
    • Crypto crowdfunding

    Among these two types, crypto crowdfunding is a frequently used method. Crypto crowdfunding is a process of funding your project by accumulating money from global investors who believe in that project, which supports the crypto people to raise money. Crowdfunding provides a lot of opportunities for many crypto startups to initiate their business. They raise their funds by creating crypto tokens. These are digital token built on existing blockchains like ethereum, Tron, BinanceSmart Chain, etc.

    Here, I would like to share some of the benefits of crypto crowdfunding,

    Benefits of crypto crowdfunding:

    • It is an easy and quick way to raise funds
    • The biggest benefit of crypto crowdfunding is that allows businesses and individuals to cut out the middle man like banks and authorities.
    • You can handle directly to those looking for funds in exchange for giving money to that project or companies.
    • It permits the fundraisers to collect capital from a large number of global investors.

    Crowdfunding as ICO:
    In the crypto sector, ICO is one of the most popular crypto crowdfunding methods. Initial Coin Offering is a prominent crypto fundraising technique using cryptocurrencies. It is mainly performed by many cryptopreneurs who run crypto-based businesses. ICO fundraising is accessible from anywhere in the world. It is primarily used by startups wishing to offer products and services. ICO is similar to IPO but the only difference is that well-documented companies raise funds using IPO whereas budding startups use ICO for fundraising.

    Now you have understood that why ICO is mostly preferred by many of the crypto people. Launching an ICO platform in any blockchain platform can be more beneficial for your new crypto-based businesses. To launch your own ICO, you need proper guidance from the professional ICO development service provider. However, there are many ICO development service providers are there in the crypto sector. The most prominent aspect of launching your own ICO platform is choosing the best ICO development service provider in the cryptocurrency ecosystem.