What do you need for successful ICO?

Initial Coin Offering (ICO) is a hot subject right now, but what do you need to run one successfully?

  1. Idea. 
    Without idea there is no business and no ICO. You need to have realistic business idea for your ICO start-up.
  2. Team.
    You can’t do everything yourself, so you need motivated people to help you around. Ideally there will be a person to take care of every aspect of your business, so that all that would be left for you is to manage them.
  3. Smart Contract.
    This is very obvious, but yes, to run an ICO you need a Smart Contract.
  4. White Paper.
    White Paper is a presentation about your company and idea, and it’s crucial for the project. Based on the white paper potential investors will decide if they want to invest in you or not.
  5. Website.
    You will need ICO website with special built-in token sale, so that people will be able to buy your tokens.
  6. Money.
    It is clear that you need money, this is why you are having an ICO fundraising in the first place, but in order to succeed at your fundraising you need to have some money of your own that you will spend on developing smart contract and promoting your ICO.
  7. Advisors.
    While you may have a team of experts, it’s always nice and wise to have few advisors on boards. These experts will help you issues you may run into when diving in the Blockchain world.

Good luck with your ICO and if you need any help feel free to contact me!