So many various costs are associated with the ICO/IDO. Apart from the cost of issuing tokens, businesses will be required to go through legal procedure and will be required to put efforts into marketing like, ETH and SOL purchases and other significant expenses.
IPO stands for Initial Public Offering; whereas, ICO/IDO is Initial Coin Offering IDOs stands Initial Decentralised Offering . With little difference of an alphabet in their names, all of them are serving the same purpose. Helping businesses to raise fund. Nowadays, on every other day a new ICO/IDO is being launched. Whether it’s a Blockchain for gaming economy or a Blockchain for VR and AR, cryptocurrency has made its mark in almost every top-notch industry.
An initial DEX offering, or IDO, is a new and exciting type of decentralized and permissionless crowdfunding platform, which is opening up a new way of fundraising in the crypto space. If a project is launching an IDO, it means the project is launching a coin or token via a decentralized liquidity exchange
ICO/IDO Offering as an event, which is also widely referred as a Crowdsale, occurs when a startup or company releases its own cryptocurrency for the purpose of raising funds. The contributing organization releases its own crypto-tokens or token money and sells it against the fiat money or Bitcoins. As a consequence, the firm that hots an IPO gets the capital and the audience that participating in it get their shares in a form of cryptocurrency.
In fact, at the time of writing this article, around 90+ crowdfund and ICO/IDOs have lived around the world, each of them is unique and special in their own way. Here I am sharing 10 frequently asked questions (and answers) which will, hopefully, clarify some queries to the new and existing investors:
Continuous development of Solana – The establishment of the Solsea alliance, which is composed of more than 100+ member companies are capitalizing development resources to solve real-world problems using the world’s only smart-contract supporting Blockchain.
Liquidity–SolanaisoneofthelargestBlockchainnetworkintheworld. Every token built on the Blockchain demands for SOL and liquidity to the network.
Scalability – The founders of Solana along with his team working together to implement a more cost effective way of minting tokens that aims to make transactions more efficient and eco friendly.
Like how various industries have raised money in 2017 by launching an ICO/IDO than other traditional fund-raising, it seems like ICO/IDO won’t be any more restricted in a near future by the regulations.
ICO/IDO is sort of fundraising event, where a company generates and sells digital tokens in exchange fiat currency from the public. Just like the IPO, the token represents a right of the holder that is varied from access to a specific application. The amount raised in an ICO/IDO is determined by the company issuing tokens.
It’s a 3 week of procedure to launch an ICO/IDO, including the token development. However, the time differs based on the customization pre-sale and sale smart contracts. And yes, the above time frame does not include the time spent with PR, marketing and talking to pre-sale investors.