Factors to Consider Before Choosing an ICO

Initial Coin Offering (ICO) is one of the popular methods by which cryptocurrency systems raise funds. New digital tokens or coins will be created, which will be traded on the cryptocurrency exchange. It is quite similar to an Initial Public Offering (IPO), except for the fact that investors will not hold any stake in the company. Some of the benefits of ICO are decentralized decision making for investors, no direct tax payment by the company, fewer regulations for exchanges, and the ability to buy coins at a discount. However, the ICO’s valuation will be determined by demand and supply factors. In this blog, we will look at the key factors to consider before choosing the ICO development company.