How does ICO prove to be a game-changer in crowdfunding?
In this blog, we will witness how ICOs are bringing breakthrough results in raising capital when a business uses it.
So we will touch upon ICO development services and their type in practice and how it is helping businesses or entrepreneurs to raise funds quickly without any hassle.
How did ICO become prominent?
In simple terms, ICO is a crowdfunding technique used by startups or entrepreneurs to raise funds for their projects. ICO Projects can easily attract investments if the team has a unique idea and self-explanatory white paper.
In real-time, ICOs can help you get huge funds within a few weeks or even a few hours. Given below is the use case of one such token which has made a lump sum through an ICO.
Now, we will look into the type of tokens that are issued during an ICO.
Types of tokens
There are two types of tokens you can issue. One is utility-based, and the other is equity-based.
Utility tokens
A utility token is a digital cryptocurrency token issued to raise funds that later can be used to purchase a good or service given by the cryptocurrency issuer.
Equity tokens
Equity-based tokens are digital coins exchanged for equity or shares of the company's future profits.
Let's see why the spotlight is on ICO!
ICO development services are similar to Initial public offering (IPO), where investors buy shares in the company for future returns; the only exception is that it not only allows buying of shares but also gives investors an access to the blockchain technology.
On the other hand, entrepreneurs or the fundraising companies get access to the innovative fundraising technique that is easier and faster.
ICO opens up the market to global players to invest in your project due to the lower entry barrier here. ICO development services are free from regulations, it is relatively faster and easier for startups to execute.
What is our best offer?
Are you looking for any token developers? Blockchain Firm is the right place you can approach.
Blockchain Firm is the best ICO development company you can contact for your crowdfunding campaigns. We provide solutions that are highly safe and reliable to assist you in improving your fundraising prospects.
