Have you ever heard about ICO (initial coin offerings)? Well, it is one of the most popular methods of funding cryptocurrencies ventures and it becomes quite popular nowadays. In simple words, ICO is a fundraising way in which a company or firm attracts investors who are looking for the big crypto score by means of its own digital currency in exchange usually for bitcoin. It is frequently used to fund the new cryptocurrencies development. As the ICOs popularity continues to grow, it is vital for an organization to understand the benefits offered by the ICO.
Benefits of ICOs:
ICO offers plenty of benefits for the company who are seeking for investment and who looking to invest. For companies looking for investment, it considered as the easiest and fastest fundraising method to undertake because anyone can start. On the other hand, most of the investors attracted to cryptocurrencies for their liquidity. It offers several opportunities to obtain gain much quicker so that the investor can take profit more easily without putting much effort. If you want to know more detailed information and resources about ICO, then it is better to visit icoarray.com. Here, you can see some of the important benefits of ICO.
- Easy, efficient, and quick fundraising opportunity
Anyone can easily set up an ICO because its customized token sales can be highly achieved through several platforms, which includes Ethereum. When compared with other popular methods used for fundraising, ICO is one of the best fundraising methods. It is because the cost connected with ICOs marketing and the contribution settlement is comparatively low. Along with this, hosting an ICO also consume less time.
- Strengthen decentralized applications
The key characteristics of the decentralized applications are that they have more users and offer a better experience for them. Hence, companies will definitely see a tremendous rise in their user base when they opt for ICO. As a result, the company can benefit in several ways.
- Simplest and easiest way of marketing
When it comes to online marketing, there is no boundary because it is like a sky. Therefore, ICOs and tokens can be easily marketed to large, potential, and targeted audience with minimal effort. As in turn, the potential investors can easily figure out about the particular ICO with the help of online ads, social media, company’s official site, and much more.