Business

What is an ICO and How Can It Help to Grow Your Business

Why would my company do an ICO? Here are basic tips that will help you in business development and in understanding what ICO is.

Why would my company do an ICO? Here are basic tips that will help you in business development and in understanding what ICO is.

ICO stands for initial coin offering. This is a new way of raising funds for all sorts of blockchain-related projects by selling one form of cryptocurrency in exchange for another. The payment is made with Bitcoin or Ethereum mainly. Participating in ICO the investors count on the further success of business, which is crucial for the tokens to grow in value and bring benefits. Despite common thought, buying tokens in ICO investors do not acquire partial ownership of the company. Thus, fundraising is the main function of ICO.

ICO is going to be extremely beneficial to developing your business. Here are some proofs:

1.    You’re the boss.

Using crypto investments you don’t have to share your ownership and lose control of your business.

2.    Time is money.

Getting payments in tokens you won’t have to pay all the bank fees and will save money. The same, you don’t have to wait for the costs to be on your bank account, as you can see the transaction right away.

3.    Making it easy.

ICO works worldwide and it’s much easier than doing IPO (Initial Public Offering). Learn more about ICO Rating – it will be really helpful if you deal with exporting your services or goods abroad.

4.    Safety sure.

Token exists in the decentralized blockchain that cannot be hacked in any way.

5.    Advertising.

ICO also works as a major advertising campaign for young startups. As a result, the service or goods will definitely gain new followers.

6.    Doing it up-to-date.

Payments through cryptocurrency grow rapidly putting all the paper options behind them.

Cutting it short, pros and cons are present. Nonetheless, if you want to keep your business competitive, it’s high time to learn about ICO and embrace changes.

 

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