What You Wish You Had Known Before Launching Your First ICO

CornerRight 2 min


Icons/Position/Pos. No. 4

Cryptocurrency


Icons/Technology/Tech No.1

AI

The first Initial Coin Offering is a difficult experience. It’s a complex project involving multiple areas, including IT, marketing and security. Here’s a few comments from our team, based on our delivering multiple ICO projects for our clients.

You have to be sure that all the departments of your company are on the same page

The main challenge you will be facing is an organisational one – to coordinate the whole company’s efforts. An ICO is an event where timing is crucial. Your IT, marketing and financial activities have to meet at one point.

Put extra care into the scheduling and planning phase of the project, and make sure your infrastructure and the technical aspects of your cryptocurrency will be ready and polished on time.

The reason we mention it here is simple – later on, when the whole thing will start gaining traction, there won’t be time for improvements and or to reconsider things. You will be knee-deep in solving everyday challenges.

ICO Safety First

The safety of your project is very important, as you can be sure that it will be well tested in practice once you launch your offering.

To be sure that everything will run smoothly, double check your IT and make sure everyone in your company understands the best practices and rules. The human factor is often the weakest point of security.

Safe investment will save you lots of expensive problems.

If you would like to learn more about the details of preparing an Initial Coin Offering, take a look at one of our most popular posts, describing the whole process from A to Z.
>> How to launch an ICO project

Smart Contract – do you need a software house?

Creating a basic Smart Contract is easy. You can use the examples available all over the internet. The problem starts when you need to create a complex, reliable business solution that people will invest in.

If you have experienced blockchain developers, it’s always a good idea to seek consultation on your final Smart Contract with other experts. Once you deploy it, there’s no way back.

ICO is a complex process, involving financial issues and possessed of multiple points that can bring it to failure. It’s a good idea to check it with an experienced team.

Similar blog posts

12 Interesting Blogs on Blockchain & Cryptocurrencies

3 min

It’s not easy to find a reliable and friendly source of information on blockchain technology. To help you reach some of the best, we’ve aggregated the top blogs related to the topic, which can extend your view on blockchain & cryptocurrencies.

Thu/Jun/2018
see details

10 Common Software Architecture Patterns: Expert Guide

8 min

Did you know that before starting a software development project, an architect needs to pick the software architecture for it? This is a common best practice in the tech industry that allows teams to make the most out of the software and create a better experience for users.

Wed/Mar/2022
see details

4soft Use Cases: Blockchain In E-Commerce

4 min

E-Commerce thrives. Online sales steadily grow by about 20% every year. To sustain this growth, online shops leverage every possible technology that helps them to be more efficient and get ahead of the competition to sell more, faster and at better prices.

Tue/Feb/2020
see details

51% Attack – Insights on Safety of Blockchain

3 min

Blockchain is ‘democratic’ in its nature, and assumes that the majority is right. It means that a group controlling more computing power than the other users combined can have the right to influence and exploit the system, getting away with stolen tokens.

Thu/Jul/2018
see details