an extra 40%
ICO/IDO is a fundraising event where a company sells digital tokens for fiat currecy. The tokens represent holder rights, similar to IPO. The amount raised is determined by the tokens issued. The ICO/IDO launch takes about 3 weeks, including token development, but may vary based on contract customization. PR, marketing, and talking to pre-sale investors are not included in the timeframe.
Numerous costs are associated with the ICO/IDO. Apart from the cost of issuing tokens, businesses will be required to go through legal procedures and will be required to put efforts into marketting like ETH and SOL purchases and other significant expenses.
IPO, ICO and IDO are all used to raise funds for business. Cryptocurrency has enabled fundraising in various industries, with new ICO/IDOs launching regularly. IDO is a decentralized crowdfunding platform where projects launch coins or tokens.
Crowdsales happen when a company releases its cryto-tokens for sale against fiat money or Bitcoins. There are over 90 crowdfund and ICO/IDOs worldwide, each unique. Here are 10 frequently asked questions to help investors understand better.
Solana’s continuous development includes the establishment of the Solsea alliance, composed of 100+ member companies, to solve real-world problems. Solana is also known for its liquidity, as every token built on the Blocckchain requires SOL and liquidity.
The founders and their team are implementing a cost effective way of minting tokens to improve scalability and make transactions more efficient and eco-friendly.
Like how various industries have raised money in 2017 by launching an ICO/IDO rather than other traditional fund-raising, it seems like ICO/IDO won’t be any more restricted soon by the regulations.