4 Steps For Successfully Running An ICO

Before getting into ICO business, make sure you realize what it means and what it can do. Also, make sure you understand the concept and create a plan how you think it would be best to run it.

Almost every new ICO has a different working method or development process. Some come up as a result of a really great idea for e new project that can solve many issues. Others are created for an already existing project that uses the blockchain technology in order to improve it. Of course, running an ICO isn’t really determined and framed for everyone, but there are a few steps that you should always follow.

1. Plan

This is the most important step of all. You need to gather all the developers, consultants and businessman you need to start a successful project. The planning basically should consist of ways to solve a current problem with the blockchain technology. Have meetings and write down your ideas, discuss and share opinions. Make sure you have a legal consultant as well in order to explain all the legal issues and policies that occur when launching a new coin.

2. Develop

This is the second most important step where all of the technical staff will shine. They should be able to develop the entire project and make it work perfectly. This is why you need great technicians, developers, and engineers who already have some experience in this area.

3. Test It

When you have finished planning and setting up, it’s time to test your project before its final release. Testing it will bring you very important information about whether you need something to be improved or changed.

4. Release

After you see that the project is running smoothly, it’s time to release the project to the public. You will need to release your new coin and distribute it to the public.