Before identifying the strengths and weaknesses of any specific project where you decide to invest, it is essential to have a better understanding of the overall processes of the initial coin offering (ICO) crowdfunding. This enables you to prevent any potential setbacks as you push through your investment in your desired project or business venture. In this article, we will discuss the basic ICO stages.
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ICO Prerequisites
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Stage 1 — Setting the token sale details. This occurs after the whitepaper launch and project presentation to the potential active investors in the forums and social media networks.
Stage 2 — Private sale whitelisting commences. Most ICOs have implemented know your customer (KYC) checks for the investors. These involve uploading a photocopy of your passport or driving license with a selfie holding your ID.
Stage 3 — Private/pre-sale starts. At this stage, 10% of the available tokens will be provided to early-bird investors with a 10% to 30% discount. These select few investors are likely to collaborate with the team. However, not all projects have a pre-sale round. Some go right away to the public sale.
Stage 4 — Whitelisting for public/main sale is ready. The same format offered to the pre-sale investors is used during the public sale. At this stage, it is common to see main sale KYC checks are held early brought by the overwhelming demand.
The investor is asked to input his contribution wallet address. This is his personal address used when sending cryptocurrency, purchasing the ICO tokens, and where he will get his bought tokens. This wallet address is a non-exchange wallet like Blockchain.info bitcoin wallet or MyEtherWallet for ERC-20. Always check the accuracy of your wallet address. Otherwise, you will lose all your tokens forever, including the Bitcoin (BTC) or Ethereum (ETH) spent when buying them.
The next task to do is copying and pasting your cryptocurrency public key into the whitelist wallet form. During this time, as an investor, you are requested to wait for a successful confirmation of your registered ICO from the team.
Stage 5 — Public sale is set. This is scheduled for a specific date. At times, this is held for a specific period. If you are interested to take part in an ICO, it is vital to make your contribution quickly. Otherwise, you may risk sending your ETH or BTC after reaching the hard cap, bringing your funds to be sent back. Sometimes this refund may take several days or weeks during high-market activity.
Stage 6 — Tokens are provided for successful member investor wallets and trading starts on some decentralized exchanges. Tokens are sent to the wallet addresses where the investor contributions are made. Examples of decentralized exchanges are IDEX and EtherDelta for Ethereum-based tokens.
Stage 7 — Token listing on mainstream exchanges. The tokens are listed on the exchanges where the teams have negotiated listing before or during the sale. This costs huge amounts of money when listed on big exchanges like Bitfinex, Bittrex, Huobi, and Binance. Smaller projects are not listed in the top 10 exchanges instantly. As tokens are listed on many exchanges, their price increases as investors are interested in available opportunities when purchasing a specific token.
Identifying a Blockchain Use Case
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Evaluating a specific use case for blockchain technology and how successful an ICO project will be in a particular industry is tedious. Blockchain technology has quite a limitless potential when applied to different business enterprises. As an ICO investor, you are most likely searching for projects that can deliver significant and long-term benefits.
In the existing saturated ICO environment, some use cases have more promising potential compared to others. Determining which use case is likely to have long-term success is key. Also, it should be noted that businesses and more corporate entities are currently much eager to experiment with this new technology whether the use of blockchain is highly recommended or profitable for a specific objective.
The general questions to ask when analyzing the specific solutions proposed by the project include:
What are the posed issues posed and the provided solutions?
Does this specific business area need a blockchain solution? Is blockchain superior to the current system of how a particular business works?
Is the use of blockchain in this specific case feasible and applicable?
Who are your competitors using blockchain in the same projects
After all these factors have been considered, we are now ready to look for a possible business use case that can be best employed using blockchain technology.
Advancement of Financial Approaches
In raising capital funds for micro, small-medium enterprises (MSMEs), AladiEx is an emerging innovative digital platform that uses blockchain technology. Brought by some significant problems faced by about 131 million financial institutions worldwide, 41% of all MSMEs have unmet financial needs. They lack the needed resources to run their businesses.
Also, there exist too many barriers in the traditional means of calling for capital investment. To provide solutions to these common issues, AladiEx helps in unlocking your capital fund needs through blockchain technology. It helps businesses of any size an opportunity and a simple way to access capital funds. AladiEx uses an innovative business model using new technology to help businesses access to finance their operations at extremely affordable fees.
Imagine a world where your business and enterprise operations are backed by global investors. It would be an amazing experience when your work will be paid in a timely manner as agreed.
AladiEx invites you to be part of our success stories. It is our pleasure to join us in this worthwhile endeavor. Learn more about us. Visit our website at https://aladiex.io/ today.
Among ICOs, there are no set rules. The competition is fierce, time is an illusion, and the future token value is not supported by anything but demand.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗼𝘂𝗿 𝗢𝗳𝗳𝗶𝗰𝗶𝗮𝗹 𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 𝗦𝗶𝘁𝗲𝘀
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