ICO Development

This opens a whole new world of possibilities, but it’s also important to evaluate if ICOs are the best choice for your project.

Pros

Quick & Easy Fundraising:

ICOs are a quick way to raise funds for your projects. Most of the time, all you need is a good White Paper.Project ownership: The investors invest in your project “idea,” not the project itself. So, you can raise funds while keeping the ownership rights to your projects.

Easy Settlements:

Since everything is done over blockchain, payments and investments are quicker and safer than conventional money transactions.

Liquidity:

Online Marketing:

You can showcase and promote your project to a massive audience using websites, forums, groups, etc.

Cons

High Volatility:

ICOs generate high liquidity, but early liquidity can cause token value to be highly volatile. Legality: Being a decentralized market, ICOs have no regulatory authority. The legality of ICOs may depend on the regulations of your country or area.

Uncertain Token Valuation:

Investors buy tokens based on expected resale profits, not the underlying economic utility.

Money Laundering:

Whales:

Some people (Whales) buy a whole lot of tokens early on, which means that a large number of tokens are in the same place, affecting the liquidity.

Thanks You For Reading

This is BlockchainX, and here is everything you need to know.

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