Increase your ICO profits up to +20% with BestRate ICO payment tool

BestRate
BestRate
Published in
5 min readApr 12, 2018

The last year of 2017 has been proclaimed the year of ICO, and not without a reason. The popularity of this new way of accepting investments has grown exponentially as it allows really great projects come to life with the help of ordinary people.

If you’ve decided to launch your own ICO you might’ve come across lots of technical issues as this procedure requires building the whole infrastructure to receive these payments from scratch. And this is not an easy task to accomplish, even with a bunch of programmers working on your project.

Take the payment process, for example. What difficulties lie on the way?

Difficulties in accepting ICO payments

1. Accepting fiat. Most of your investors would like to buy your tokens with USD or EUR. But how can an ICO accept it? The recent law enforcements have made it very difficult both for businesses and investors to collaborate, which significantly decreases the conversion.

2. Requires lots of time and money. Even if you accept payments only in cryptocurrency, it will require 2–4 weeks + 1–2 developers’ work to accomplish this task. DOn’t forget designers, testers and other workers who you pay salary to. Roughly calculated, you’ll need to spend $7,000–10,000.

3. Losses at the exchange stage. Your investors might have other altcoins apart from BTC and ETH which they would like to buy your token with. All the money that your investors lose while exchanging their altcoins to BTC make up lost investments for your project.

Meet BestRate ICO payment tool that will help you solve these issues.

What makes BestRate ICO Payment Tool the best in the crypto-space

1. 80+ currencies supported

Our ICO payment tool comes together with our main service, BestRate.org, which allows you to exchange 80+ cryptocurrencies. Our payment tool allows you to accept payments not only in main currencies, such as Bitcoin and Ethereum, but also in any other altcoin that would be convenient for your users.

2. Accepting USD and EUR

Our service allows you to accept fiat currencies as well. It helps to solve one of the biggest issues that businesses encounter when launching ICOs.

3. Low fees

The minimum fee that we charge you per each transaction is only 1%.

5. All KYC and fiat risks are covered

The money is transferred to your wallet not from an investor directly, but from the exchange platform which takes all the KYC risks on itself. Thus, you don’t need to worry about the source of the money.

6. Customizable

Use one of pre-set templates or customize the interface according to your preferences. Set up the range for the amount to invest, bonuses for huge investors and other options. E.g. you can set up a bonus of 10% if an investor sends 5–10 ETH and 15% if he sends 11–20 ETH.

7. Real-time transactions monitoring

See all the detailed history of transactions in your account in real-time.

8. Easy integration.

Insert the code generated by our service to your website and start receiving payments.

About BestRate

Our BestRate team has been working hard to develop the technology that would let crypto-investors find the best rate to exchange cryptos among many platforms.

Our users select the currencies they want to exchange, our service calculates the exchange rate on each of the platforms we work with and offers them the best rate.

Currently, we work with the following platforms:

  • Bittrex
  • Shapeshift
  • Changelly
  • Evercoin

Also, we work with several platforms, including Simplex, that let you purchase crypto for fiat.

Having combined all the experience that we have achieved, we have created a very useful tool that would be very helpful for any ICO.

How BestRate helps you to increase your profits

  1. Investors select cryptos that they possess.
  2. Our technology searches for the best rate across multiple platforms and calculates how many tokens they can purchase.
  3. Investors send their coins, they are converted to the currency that you accept for your ICO at the best exchange rate and then forwarded to you.
  4. You distribute the tokens among your investors in any way that is convenient for you. You can send your tokens to an Ethereum wallet that you create for each of your investors on your website or directly to their own wallets.

Thus, with the help of our technology investors save up to 20% on exchanging cryptos and you get up to 20% more money to fuel your project!

We can surely say that our service is the best of all that are now presented in the market.

How you can implement our tool into your ICO

Currently, there are 2 options.

1. Each investor gets a personal account with a unique ETH wallet

We offer native integration for this option, inverstor’s ETH wallet is added natively to the widget.

We know where to send the exchanged amount without asking the investor. In this case, the investors just sends the necessary sum risk-free and they don’t need to search for their ETH wallets. The payment arrives to this ETH wallet and then you distribute tokens on your side.

2. You have a smart contract

There are 2 possible scenarios for the second option.

1) You create a ETH wallet yourself. We send all the payments there and you get the information about all the payments via API or in your Partner Cabinet.

2) We create a ETH wallet for you on our side. Once the payment arrives, we make an API call a function of your smart-contract with the ETH address of the investor, so your tokens go directly to his ETH wallet. In this case, “non-transferable” tokens are distributed natively without any risk involved.

How to start using our service

  1. Send a request at our website.
  2. After we confirm your request, log into your account and set up your widget.
  3. Insert your wallet address to receive funds into the generated code.
  4. Insert the code into your website and start receiving payments.

Send a request right now and see how easy the payment process has become!

Want to become an affiliate? No worries, just forward your clients to us and get 30% of the amount they pay.

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BestRate
BestRate

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