Initial Coin Offering is buying the shares of a venture but in the world of blockchain. Before we proceed, let us help you brush up on some of the most basic terminology of the ICO world.
In the blockchain world, a coin is not necessarily a currency coin or a crypto currency. A coin here refers to a token that is a digital creation on the blockchain. These digital blockchain tokens can be created (or “coined”), transferred, bought, sold and destroyed. Hence, the word coin which can also be referred to as a token.
A company in the real-world can raise funds by offering shares to that company. These shares imply part-ownership to the company. This part-ownership is also referred to as Equity in the company. Such an ownership of shares can be created (through the IPO launch), transferred, bought and sold.
As lucidly explained by Deloitte, an ICO involves issuing a virtual asset, which is the token, that can be used on a platform or within an ecosystem that is yet to be built - in that respect, it can assist in raising funds for the creation of a blockchain or for funding of a blockchain venture”...like yours. Ethereum has been so far the platform for the vast majority of the ICOs (over 84%).
Initial Exchange Offerings (IEOs) are essentially ICOs that list directly on a virtual asset exchange, in some cases being a regulated sponsor-based platform.
Do you already have an existing system ? No worries. Global MLM Software can be easily integrated within your application using our single sign-on API or SAML authentication.
Market Cap of all cryptocurrencies as on Jan 2021
Total Amount Raised through Tokens/Coins in 2017 itself
Created just between 2014 and 2021
The Initial Coin Offering is the first big step in the lifecycle of any cryptocurrency. An ICO is aimed at increasing the market cap of the cryptocurrency with the objective that more people would invest in the cryptocurrency and would purchase the tokens. The top three reasons why you need an Initial Coin Offering platform are linked with each other and are mission critical to the success of the ICO. These three reasons are:
Blockchain, tokens, cryptocurrency and NFTs are still a blackbox for many people. Further, with regards to ICO, unfortunately, the ease with which money can be raised also attracts market participants with bad motives who take advantage of the unregulated ICO market to scam investors. A few major scams made headlines and investors experienced tremendous losses in a number of high profile scandals.
It is tough to get the word out about your new token and even more tough to build a brand around it. However, for ICO success it is crucial to build a community of highly motivated members who progate the message and get the people to invest. Designing a marketing plan with proper incentivisation of sales agents or community members is the key to quickly build a brand.
We, at Global MLM Solutions, realized that the challenges in the way of a successful Initial Coin Offering makes for a good direct selling use-case which requires transparency and recording of all the transactions in a matter that is visible to all the investors. And we are the market leaders in direct selling software and platforms that facilitate global transactions with ease. Here are the top three reasons why you should choose our platform for your ICO launch:
Dont believe us. Hear from our existing customers about Global MLM Software
Global MLM was the choice we made after reviewing six separate platforms in detail with the founders and their team.
Apart from giving you a clean, professional-looking and minimalistic admin and user interface, our initial coin offering platform has the following unique features.
Initial coin offering is no different from a direct selling business where the people purchase directly from you. Our platform has all the functionalities to facilitate a great purchase experience even if you are not listing your coin on an exchange.
Our ewallet capability serves as the store for virtual money during the transactions that your users will have on the platform. Which means that the coins that you users would purchase could simply be stored in their e-wallets.
How to do an initial coin offering with complete trust and security would be your concern. However, not with our platform. Ours is probably one of the best ICO listing site which not only has multilayer security protection but also an epin that ensures added security for your users.
Needless to say, a platform like ours which is ready to facilitate transactions for your initial coin offering will provide your users the best payment gateways. We integrate with PayPal, stripe, crypoto, payU, RazorPay and Local Payment Gateways.
A successful initial coin offering hinges upon how well you can build your brand. Members and existing users can refer new people by sharing their unique link on various social media channels. They can create their free accounts to get started.
Attract the right audience and convert more visitors into traders using Global MLM’s inbuilt promotional tools like referral links, replicated website, email campaigns etc
When you have an initial coin offering to focus on, building and managing a website with a business management tool should be the least of your concerns. That is why you can launch with our ICO platform in 3 easy steps.
This FAQ has been compiled to some of the most frequently asked questions about our product and services. For more information, please Contact US.
ICO software refers to a platform or system designed to facilitate the launch and management of Initial Coin Offerings, allowing companies to raise funds by issuing and selling their own cryptocurrency tokens.
ICO software typically provides tools for creating and managing token sales, including features like smart contract creation, token distribution, and investor management. It often involves blockchain technology for transparency and security.
A smart contract is a self-executing contract with the terms of the agreement directly written into code. In ICOs, smart contracts automate the token sale process, ensuring transparent and trustless transactions.
The key features include token creation, smart contract functionality, multi-currency support, KYC/AML integration, investor dashboard, and reporting tools.
ICO software allows users to easily create and customize their own cryptocurrency tokens, specifying details such as name, supply, and tokenomics.
A whitepaper is a document that outlines the details of a cryptocurrency project, including its purpose, technology, tokenomics, and the team behind it. It is a crucial component for investors to understand the project.
Security features may include encryption, multi-signature wallets, and secure coding practices. Regular audits and testing are also essential.
Yes, ICO software platforms allow token sales in various cryptocurrencies to broaden the investor base.
Token wallets provided by ICO software allow investors to store and manage the tokens they acquire during the ICO.
Yes, ICO software solutions offer integration capabilities with other platforms, such as payment gateways and third-party services.
Here are some popular mlm solutions among our valuable customers. You can either choose a single compensation plan or multiple plan (Hybrid model) as per your requirements. Global MLM platform is 100% customizable and configurable based on the needs with ready-made options.