Initial Coin Offering or simply ICO is a proven method of fundraising that is used by hundreds of business owners and startup planners to kickstart their business. It’s a highly effective and probably the fastest method of fundraising for a cryptocurrency venture. The concept of ICO is quite similar to that of an IPO (Initial Public Offering) where the stocks of a company are offered for sale on a public stock exchange. The only difference is that, in an ICO, the investors buy some units of a pre-created crypto coin offered by the company instead of stock.
The new coins are purchased in exchange of popular cryptocurrencies like Bitcoin, Litecoin and Ether. These coins can be sold on various cryptocurrency exchange platforms and the funds raised through the ICO are further used to initiate the project. If the ICO fails, the money is returned to the investors. On the other hand, if it turns out to be a success, the profits are shared with the investors in form of newly generated coins as specified in the White Paper. The best example of a successful ICO is Ethereum where $18.4 mln were raised in 42 days.
Why Oodles Technologies For ICO Development Services?
We, at Oodles Technologies, offer world-class ICO Solutions at cost-effective rates. We have our niche in Cryptocurrency Applications Development and we strive to developer best-in-class ICO Development Services to our clients. We have ample of experience in cryptocurrency domain and we specialize in building top-notch decentralized applications based on Blockchain Technology.
Our seasoned team of ICO Developers make sure you get maximum benefits through the token sale which further aids in starting a successful business.