ICO (Initial coin offering) is the biggest trend of cryptocurrency. ICO is a controversial and unregulated of crowdfunding by cryptocurrency, which can be a source of startup companies or capital companies raises money without going to venture capitalists and selling stock. The first token sale is also known as Initial coin offering. It is dependent on programmers which have raised 3.2 billion this year by selling virtual currencies to investors because the programmers create virtual money for the asset for funding.
It is equivalent to an IPO (Initial Public Offering). Both are going to public or private status by selling their own cryptocurrencies shares for equity. It solves the basic problem of ICO because it is typically done to take funds without the need to go to a company, organization and or a bank.
The concept of ICO or IPO is the same: both are created their own crypto-coins, who want to raise your fund then create a digital token or coin which is generated by a code programmer. The major concept of ICO, IPO, and funder is the same because both aimed at acquiring funds, Little bit difference is instead of stock that ICO & IPO is purchased gives an investor a new type of crypto token and crypto coins. We also say that the funder gets an asset rather than security.
(i) – The funder makes a bank transfer for $(100 dollar etc) to the issuer’s bank account.
(ii) – Issuers send you 100 $ Crypto – Token, which is recorded on the blockchain ethereum.
(iii) – Now, The funder sends a token globally (Friends, Relatives, Companies, Organization etc.).
(iv) – According to the blockchain process the organization, companies, friends, or relative pass a token to another person (Friends, Relatives, Companies, Organization etc.).
(v) – If someone friend or company redeems 20 $ token with the issuers.
(vi) – Then the issuer’s make bank connection for 20$ to a friend or company bank account.
It is related to the token or blockchain process which is dependent on token sale or crowding sale which includes investment amount from investors and seize the opportunity with some feature related projects. The ICO process depends on these types of steps.
In this, first of ICO development the working on creating crypto coin or token will set-up ethereum or smart contract. The smart contract between two parties (Company, Organization, Friends etc) can be business to business or business to the client. The currency of flow is opened when the unlocking criteria are met from both sides. Investors, funders, and assets are registered on the network of crowdfunding ICO platforms and get exclusive ethereum wallet hash code address after taken ethereum the funder register on the network of blockchain and funding will get ICO token return.
It is a distributed public blockchain service. Ethereum is the best method to share own cryptocurrencies with the help of public and private key methods which depend on a code of asset creation and this hash code of asset is publically to get currencies with the seller ‘s private encrypted key.
Read More: Ethereum Development: All you should know about Ethereum
A smart contract is improved business leadership. The smart contract controls the transfer of digital currencies or assets between parties under certain orders. It is a controlled permit transaction and agreement because the smart contract terms depend on self-executing contracting between buyer and seller. The smart contract could convert the computer code and replicated system and supervised by the network connection of the global computer that runs the blockchain process of the smart contract between people, companies, an organization with B2C or B2B.
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Here are simple steps to ensure your ICO is a success
Read More: Top ways to launch the successful launch of ICO
The ICO transaction flow is depending on company organization need bases. The development service company of blockchain distributed ICO token by the company in need of fund, if the project for fund is raised successfully then the remaining coin of a company is destroyed and lastly on another hand but the ICO terms and condition of funding are not satisfied then the token are safely returned to the original account of organization or funder/asset.
Some of the ICO factors in gathering and post-ICO valuation.
A – NXT ICO, It is an economic system platform. Are there assets and cryptocurrencies that can be exchanged in a decentralized manner with the help of NXT ICO platform?
B – ETHEREUM ICO, It is a superior system platform that has gained lots of transactions over time, which is dependent on POW and POS that’s mined through a working proof of protocol to change proof of stock. It’s a native value token which is assigned a public and private encrypted key.
C – Lisk ICO, It’s a modular Dapp platform and smart contract. That aims to make their development accessible to the developer by allowing the code in javascript and most programming languages which is used for generating hash code of public key or private key. Its uses a delegated proof of stock mechanism.
D – DAO CREATION PERIOD, It’s a DAO (Decentralized Autonomous Organization). It is a smart contract system which is built on “Ethereum” function a community managed venture. Since this was allowed to purchase new DAO tokens with Ethereum.
E – WAVES ICO, It is an asset or custom platform which is focused on business application with features of the custom token, asset insurance and exchange, crowdfunding tool and flat gateway.
F – STATICS ICO, starts as a blockchain as a service platform that allows owning private or public side chains for the business need and allows the user to combine various features from other blockchain and test variation of specification or features of the blockchain.
ICO is the funding method via blockchain service and it maintains the value of cryptocurrencies for the future. Now, at this time it is the hot trend booming in the world because it is more or less like a fundraising platform.
