In this step-by-step guide, we’re going to make your Initial Coin Offering succeed. We’ll show you how to be flexible when needed
What is an Initial Coin Offering?
At its simplest, an Initial Coin Offering is a way to raise funds without going through the traditional means of crowdfunding. Instead, an investor invests in an idea or business by buying the cryptocurrency associated with that idea or business. ICOs, o Initial Coin Offerings, have gained much popularity in crowdfunding as a new and exciting way to fund startups or at least gain some investing benefit. How can anyone invest in an ICO? An Initial Coin Offering is a fundraising strategy where funds are received by the startup in exchange for newly created cryptocurrencies which they are required to release in the future.
Pros and Cons of a token sale
Initial Coin Offering (ICO) tokens can be used for a variety of consituents and represent future wealth, technologies, or complimentary innovations. Entrepreneurs who run ICOs have vast ambitions which often hang around a token sale, especially when they let their excitement get the best of them. It’s also possible potential contributors might be swayed by influencers and promises of super-high returns while creating a new business model, but that is extremely rare. Furthermore, contributing in an ICO without any legal documentation is risky business with no warranty towards security, liabilities or compliance due to recent legislation restrictions It is the wild west today when it comes to ICOs or initial coin offerings. There are many different opinions on this and that is because it’s hard for newcomers to really know what they’re getting into. It can literally be anyone making claims to anything, but there are some guidelines that we like to use.
How to set up an ICO
If you want to be sure your business doesn’t take a huge financial hit after the ICO is finished, start by setting up a way for investors to buy and sell tokens easily. Creating an ICO requires more work than just making an account on cryptocurrency exchange where people can purchase your network token. However, following some basic steps will help to avoid costly errors or problems. Setting your unique token sale is easy with our ICO guide. You just need to create the main account and funds so that we can help you raise money to develop your project. The funds would be sent directly to your personal wallet on a specified date, upon completion of the fundraising stage.
Where can I find information for ICOs?
In recent years, ICOs have become a popular new way for certain companies to raise capital. If you are interested in learning how to create your own ICO and wondering where to start, read our step-by-step guide. ICOs are a relatively new form of financing but they quickly gained popularity after the success of Bitcoin and Ethereum. Much like traditional investments, ICOs let investors purchase digital tokens digitally through encrypted ledgers and platforms rather than trading with national currencies.
How do you get my tokens?
Redeem your tokens on the available exchanges. If you want to list your ICOlume token on a new exchange, please contact our global team. Please direct your questions to ICO@Lume.com Your tokens can be retrieved right away following the steps below. To protect your investment, you need to follow the KYC (Know Your Customer) requirements which are explained in detail here on our website.