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In order to understand the term ICO consulting, you will need to first understand what ICO is and how it works. Initial coin offering (ICO) involves raising capital from multiple investors for your business. In this case, you will have to exchange the coins, which are known as tokens, for a currency. The investor will remain with the tokens while the startup will get the funds in hopes that the value of that currency will go up.
ICO consulting entails offering advice and the way forward to entrepreneurs who want to raise capital, hustle-free, using the blockchain technology. Blockchain consulting firms provide the best solution which is not only secure but legal. They help with funding and marketing your project idea, to investors, so that you can succeed in ICO to raise funds through blockchain tokens.
Through ICO consulting, you will be able to understand the complex nature of blockchain technology and stay up to date with the current developments. As such, you can raise funds for your project in a secure and easy manner. Other benefits include:
The kind of platform that you will use to sell the tokens will determine how secure and easy it will be. A consulting company for ICO will help you to come up with that kind of platform that will attract investors to come and buy your tokens. In short, it will help you in the entire process before and after selling your tokens.
Investors will not buy tokens in ICO blindly. You will need to convince them that they are making the right decision. This is where ICO consulting comes in. You will need to come up with a purpose of why you want to raise funds, how much you are looking to raise and how you will raise it. To convince the investors, you will need to show them the milestones you have attained and the roadmap to making your project a success. This will include reasonable goals and expectations that you want to achieve.
Since the exchange of tokens and funds will be taking place online, security will be paramount when it comes to handling of cash. Remember that there are many investors and each one of them is buying tokens. As a business, you will need a professional who has experience in handling funds in such a platform. A blockchain token strategy consulting firm will help to find a secure way through such funds can be handled during and after all investors have bought the tokens.
It is easy to raise capital through ICO. However, blockchain technology can be complex in so many ways. In that case, you will need a professional to come and help you out when it comes to the technicalities of raising funds through ICO. This will not only make sure that you do everything in the right legal manner but also speed up the process to help you raise capital quickly.