The blockchain is getting extremely popular. In the first place, thanks to cryptocurrencies. But, before a cryptocurrency comes into play, there are a few things happening. One of those is the ICO. The number of ICOs grows immensely, with, of course, only a few really worth the attention. We are going to go into what’s an ICO, how it works, how you can create your very own ICO listing website, and why in the world you would do this.
An ICO (Initial Coin Offering) is a crowdfunding involving a developing cryptocurrency. The owners can trade their new currency in the form of “tokens” to those who are interested. In return, they receive a legal tender or, as an alternative, other currencies like Bitcoin. Basically, it’s a digital Wall Street. Anybody can take part at their own risk. If the project is successful, the investor will raise quite an amount. The funding is organized by start-ups to gather funds for their ideas. This way they are getting money to launch without having to invest too much.
The number of issued tokens can be limited as well as their pricing. The project might set a certain goal to reach. The process is ongoing for a week or more. The price for each token can be static, meaning it will not change during the whole ICO. However, there is an option when a token price increases based on the amount of money gathered.
At the end of January 2018, Facebook prohibited ads including any information about ICOs. Twitter, Google, LinkedIn and some others followed with the same decision in April. This was done to protect their customers from potentially misleading information. Many of the ICOs might appear to be a scam or can be hijacked by someone. Let’s look at possible issues one may face with ICOs:
An ICO listing website gathers information about available ICOs, their descriptions, ideas behind them, and sometimes ratings. The reason to make one is to provide the potential investors a more informative platform for choosing their next investment. They will be able to see and compare projects, decide what works for them and what doesn’t. This kind of solution, especially combined with ratings might save investors’ money and time. Also, when you create an mvp ICO listing website, you help ICO project owners to find their target audience and, therefore, grow their revenues in future.
Of course, in the first place, information about the project is what matters. Who they are, what they do, what’s the aim of the project. You can also include their contacts or some information on the team who is making this ICO. Most of them have websites, which potential investors can visit to get more information about the idea and conditions. Another important piece of information is definitely tokens. The number of tokens to be issued, their cost, the deadlines, and, of course, the progress of the project, if it’s already running.
During the ICO website development, you can include the rating for every project. You can create your own criteria for evaluating how safe it is to invest in a certain company. This information is generally provided without any personal judgment. Certain algorithms can be included to gather the necessary data and display it to the visitors. Such algorithms can be powered by the AI to be adjustable and improvable in future.
The score for a project might be determined by the company listing, any of their previous projects, the date of the listing. Fresher listings can have lower scores. You can include any other points you consider valuable for your visitors. The algorithm can recalculate the score every day, every few days, or once a week. Generally, the whole system used for ratings is not displayed by the listing websites. This is what you need to consider when you decide on how to create an ICO listing website.
ICOs might be a risky business but these kinds of things never go out of the trend. With all the innovation and new projects coming, the web is going to be full of offerings. By creating an ICO listing website you can help both, – the investors and the projects’ owners. The investors’ choice will be eased up when there is no need for them to go through tons of information. And project owners might find those interested in what they have to offer. And this is a good reason to get to the ICO listing website development.
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