The trend of ICO coins is off to a great start. It’s turning out to be a great opportunity for the startups to kickstart their business. For those who are not familiar with this term, the Initial Coin Offering or simply ICO is an unregulated way of fundraising especially for a cryptocurrency venture. An ICO is a process of raising funds from the public via crowdfunding campaigns. The only difference is that in case of an ICO, the investors get returns in form of the newly generated digital coins rather than the fiat currency.
If a startup plans to raise money through an ICO, the first and foremost requirement is a white paper specifying the project details. The white paper also contains all the financial requirements for the project. During the initial stages of an ICO, the investors buy some cryptocoins with the fiat currency. If the ICO fails to meet the minimum financial requirements of the company, the money is returned to the investors to compensate their losses. On contrary to this, if the ICO turns out to be a success, the funds raised through it are used to execute the plan. The investors get profits as specified in the white paper.
Why Choose Oodles Technologies?
Oodles Technologies is a leading offshore software development company with vast experience in Blockchain and Cryptocurrency Development. We also provide world-class ICO Development Services at the most competent price. 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.
Read more info at - http://www.oodlestechnologies.com/ico-development-company
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