ICOs are a relatively an effective phenomenon since 2017. At its initial stage, ICOs has a record of raising a over $3 billion for certain projects. And that number is now highly expected to grow more in 2023. Now we will take a loot at the working mechanism of ICO fundraising and how it fulfills the fundraising goals.

What Is ICO And How It Works? 

An ICO an effective method of fundraising powered by blockchain technology to raise capital investment for their project. In this method of ICO fundraising, a percentage of newly created cryptocurrency is sold to investors in exchange for fiat or other cryptocurrencies.

Why Use ICO Development For Fundraising? 

Below mentioned are some of the major perks of ICO development solutions

Access to Global Markets: ICOs provide access to global capital markets, allowing entrepreneurs to raise funds from a variety of investors from around the world.

Cost-Effectiveness: ICOs are a cost-effective way to raise funds, allowing companies to bypass expensive venture capital rounds and other traditional forms of fundraising.

Transparency: ICOs offer investors the opportunity to review detailed information about the project before investing, helping to reduce the risk of fraud.

Speed: ICOs are a fast way to raise capital, with the entire process often taking only a few weeks.

How Much Does It Cost To Launch ICO? 

The overall cost to launch an ICO depends on various factors such as the team size, our business requirements etc. However it is advisable to understand that only a professional blockchain developers can offer you efficient whitepapers, help you develop a robust crypto wallet and will help you successfully launch an ICO website. Hence reach out to a professional ICO development company like Developcoins, so that you will have all the assistance in successfully launching an ICO for your business.