Initial Coin Offering (ICO) is turning out to be the most sought-after method of crowdfunding which allows the startup owners to effectively raise funds for their cryptocurrency venture. It’s an unregulated way of raising funds by persuading people to invest in the project by purchasing the early crypto tokens associated with the project. An ICO is usually carried out in two phases i.e Pre-sale or Pre ICO and Public sale. Out of these two, a Pre ICO or Pre-sale is the token sale initiated by a company before starting the official crowdsale or the ICO campaign. The investors who purchase crypto-tokens of a company may get bonuses depending on the number of tokens they are purchasing while in public sale, these bonuses are either reduced or not offered at all.
Pre ICO is usually initiated in order to reach the soft cap of the project which is quite lower than the real fundraising goal. On the other hand, public ICO or the main ICO campaign is run to achieve the hard cap which is the actual fundraising goal. An ICO can be successful even if it doesn’t reach the hard cap of the project. But in case, it doesn’t even reach the soft cap, it may turn into failure.
Oodles Technologies is an offshore ICO Development Company that provides world-class ICO Solutions to the clients. We have vast experience in Blockchain App Development and over the years, we have attained excellence in ICO services as well. We provide a comprehensive development support for your ICO campaigns. From creating digital tokens to ICO Smart Contracts, we provide a one-stop solution for all your ICO related endeavors.
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