ICO Development Company: Development services for ICO
Amco IT Systems is a well known ICO development company which offers a secure, faster and highly reliable ICO Solution at affordable prices for our customers. We have the best experience in the industry, which helps us to provide stable and unique ICO Platform. Our professional and skilled team, put their full efforts to convert our client’s expectations live and before launching the ICO in the market, we assure that it is pertinent according to the competitive market.
How Initial Coin Offering (ICO) works?
Cryptocurrency ico development companies first need to prepare a B-Plan (Business Plan) which includes the project summary, purpose of project, benefits after project completion, amount of money to be raised and minimum amount of funds that is required by the company, for how long ICO campaign would run. After the campaign starts, their supporters and other people who are interested buy some cryptocoins called as ‘tokens’. For IPO’s these tokens acts as shares of company. And then people from these suporters buy the coins for the same reason. At the end of campaign, they measure it. If the amount of money raised met the minimum amount (required by company) within specified campign time, then that money raised is used for their required purpose but if the campaign became unsuccessful then raised money is returned to the backers.
For example in 2014 a project was successful called as Etherum projects. This project had raised its ICO $18 million in Bitcoins i.e., $0.40 per ether. In 2016 this live project went upto $14 per ether i.e., over $1 billion.ICO has its own benefits. If a firm can convince people to buy currency then they can raise the money. ICO provides a way to reach more potential investor in short span of time. But the real question is why anyone would buy their currency? The answer is, like share market they gurantee that people will receive atleast double the amount of money bought.