Eternity Law International News Features of preparing an ICO project

Features of preparing an ICO project

Published:
August 13, 2018

Such an abbreviation as ICO literally translates from English as the placement of coins of the primary sample. In fact, this is a certain form for attracting investment money. It consists in the process of selling a specific number of completely new units – cryptocurrency. They can be obtained through a fast or one-time issuance process.

Already, starting in 2017, about $ 5 billion has been attracted here. This was carried out from May to October inclusive, since the hottest point came in November, when another $ 900 million was attracted to the project. For example, if we compare this figure with 2016, then for the same period they were able to collect only about 90 million dollars.

What is the purpose of the ICO project?

All who are the organizers of ICO projects issue their own tokens. After that they exchange them for modern cryptocurrency from investors. Often such electronic currency is Ethereum or Bitcoin. This is done so that in the future it will be possible to launch your own project and engage in its development.

Often, an ICO is held when the project is still at the initial stage of its development. All funds received in this way go to marketing, advertising, or to finance the final stage of developing a specific project. In this, if necessary, the specialists of Eternity Law International will help you.

What are the key components of the ICO?

Any ICO has its own key components, which include:

  • site – provides complete information about your individual development;
  • development of a smart contract – a certain sequence of actions that is necessary to support and open contracts on a commercial basis operating in blockchain mode;
  • WhitePaper – detailed information for leaders, specialists and other representatives, carefully describing the technical side of the project;
  • marketing and PR ICO – targeting and contextual advertising, social networks, placement of various articles in the media;
    the process of creating tokens based on Ethereum;
  • carrying out the so-called pre-ICO, this is necessary to develop and collect the most important and necessary connections and contacts.

All investors who purchase tokens at the ICO hope that in the future they will be able to get a much larger profit after their resale, as well as use this type of cryptocurrency for its intended purpose. For additional assistance and information, contact Eternity Law International.

You could be interested

ISO 14064 Verification

Floods, droughts, record temperatures – backdrop of all this, solving problem of climate changes has become one of the most pressing problems in the world. These events are one of the most important obstacles that countries, governments, businesses and humankind face in a resilient world. Thus, several applications for monitoring and mitigating fluctuations were put...

Company registration in Sweden

Sweden remains a consistent global leader in welfare quality due to its high fiscal burden and low levels of corruption. However, this Scandinavian state is not offshore, therefore, it is not advisable to create a company there in order to minimize the tax burden. The Swedish economy is directly dependent on exports – it accounts...

Cryptocurrency Taxation

Cryptocurrency taxation – is it necessary to pay taxes on profits that were received in Bitcoin? Cryptocurrency taxation is a pretty topical issue, as digital currencies are more and more in demand lately. Nowadays it is quite often possible to see shops and restaurants accepting Bitcoin for payment. For example, the UK is one of...

Terms for Obtaining a Forex Broker Licence in Montenegro

If you want to organize a Brokerage Company that will deal with Global Online Trading, Forex, Investment Portfolio management, research and financial analysis in the area of investment, Montenegro is the right destination for you. We will enable you to register your Brokerage Company under very favorable conditions, obtain a license to hold financial instruments...

Asset management license in Greece

Major Greek regulators, such as the Central Bank and the Market Capital Commission, are guided by the second version of the EU Directive when licensing operators of asset management firms, requiring applicants to provide evidence of their reliability. To obtain permission to carry out activities related to asset management, it is necessary to pass certain...

Blockchain Life Forum 2021 – What can we expect at the main event of the year?

A little less than a month is left before the main event in 2021. The sixth international forum – Blockchain Life 2021, dedicated to cryptocurrencies, blockchain and mining, will take place on April 21-22. More than a thousand participants will gather at the Music Media Dome. Among them will be entrepreneurs, investors, leading developers, owners...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7