Eidoo launches the ICO Engine: safety, ease, and visibility for your ICO
As we promised in one of our latest blog posts, Eidoo is going to launch a tool called the ICO Engine to offer the chance for companies to organize token sales on our mobile app available both on Android and IOS in a safe and easy way.
Initial Coin Offerings are very popular right now, so we decided to prioritize the development of this new tool to exploit the growing success of this mean by which funds are raised.
Thanks to this new tool we want to give an added value to the 130k Eidoo users and supporters that downloaded the app and joined our token sale one month ago.
What is an ICO?
Initial Coin Offering (ICO) is a system by which funds are raised for a new blockchain-related startup.
We can compare ICOs to the well-known crowdfunding, but in this case, we talk about digital currencies and tokens that are offered in exchange for a participation as early adopter and backer.
In fact, thanks to this process, startups sell a percentage of their tokens to early backers of the project in exchange for cryptocurrencies, usually Ethereum.
Most commonly, new tokens issued by the startup are based on the Ethereum blockchain because it provides the possibility to create smart contracts that regulate the funds raised.
Eidoo ICO Engine
This is the first tool that allows users to join ICO directly from a mobile app, while startups can organize their ICOs on our platform to grant their users a safer and smoother system to join the funding process.
This tool has already been used by us to organize our successful token sale.
Click here to watch the video we realized for our token sale, so you can better understand how the ICO Engine will work. Also, you can see the whole detailed process in the Eidoo ICO Engine page of the website here.
Eidoo has a strong security system that ensures the safety of the funding to avoid the risk of assets loss that might be due to computer hacking, program errors, or scams.
In fact, several cases have created unpleasant precedents, so security measures are a must.
For example, during the CoinDash ICO, a hacker stole $7 million because the ethereum address used to solicit funds was altered to a fake one, resulting in the ETHs going to another address.
We want to solve this problem and, in fact, Eidoo provides a safe tool that guarantees that the ICO address is always the same so that funds arrive at the startup correctly.
This is possible also because we will never show the address publicly.
Regarding legal concerns, we are going to integrate a KYC system.
Visibility and Airdrops
From a startup point of view, joining the Eidoo ICO Engine means having a high visibility because of our more than 135,000 downloads*.
Eidoo also offers the chance of organizing airdrops that are useful to create a significant advertising effect for users who recognize receiving a gift that has a quantifiable value.
Companies can take advantage of the broad adoption of the Eidoo mobile app, so a user who is not yet aware of an initiative can get in touch with a company and its Token Sale.
Many services will be added to the mobile app in the near future, so Eidoo will be able to attract more users in the world. This way, more people will be able to come in contact with and decide to join new ICOs.
If a startup is interested in organizing its token sale by using our ICO Engine, we also offer a few more services related to marketing and advertising, so that more users might decide to join your project.
Our marketing strategy has proven to be winning, and it is continually evolving.
By joining our ICO Engine service, startups can take advantage of the Eidoo strategic potential and the visibility of its advertising channels around the world. We offer the chance to appear on a wide range of blogs and magazine explicitly related to the blockchain tech, and on internationally influential publications such as The Wall Street Journal and Forbes.
If you want more info about our ICO Engine, please visit the ICO Engine page on our official website here.
*data updated on November 22nd.