Topic: What are the key steps to run a simple ICO? (Read 192 times)

The following are the basic steps which you need to do to run a simple ICO:
1. Coming up with concept and idea.
2. Buiding the right team to make your idea come into reality.
3. Drafting a detailed Whitepaper.
4. Seeking legal council.
5. Token sale marketing.
6. Smart Contract development.
7. ICO Token Development and sale.
8.  Releasing prototype.
9. ICO Marketing.
10. Crowd Sale event to exchange tokens for making money.
11. Post ICO Works.
For more information regarding ICO development and marketing visit:
https://www.epixelmlmsoftware.com/ico-development

There`s no such thing as a "simple ICO" but at the same time it's not complex either.All you need is a good insight on how to host one and good people to partner with.Things you need is a whitepaper,developers,marketers,a lawyer and some accountant or financial advisor.

It has to be like this: you create a product\platform or whatever and only then you create a token.

1. Have an idea for product;
2. Develop it and take care of legal issues, create whitepaper and figure out all aspects regarding technology, creating token;
3. Consider marketing activities, what channels will you use to communicate with your community
4. Do a research with ICO platforms where you will promote your project
5. Listing your token on an exchange

i would approve but not on this one.

legal oppinions are very likely to be corrupt these days. the market can decide weather the world needs you as a cryptocapitalist.

no need to ask corrupt lawyers that serves the countries billionaires.

or worse selfregulating bankster cartels

If you want to be a witness to a complete ICO process, visit survey.expert

7 steps that you share above aren't simple IMHO. Creating a product (and a good one) requires a lot of research, creativity, analysis and so on. If it was that simple, there will be a lot of successful product right now.

The post-ICO part is also important to think. Just because you run a successful ICO doesn't mean your product will be successful.

There`s no such thing as a "simple ICO".Initial coin offerings aren`t simple.
They are complex,expensive and risky and you need a big budget and a great team of full stack developers,marketers,a lawyer and some accountant or financial advisor.
You don`t create a product before the ICO.You create a product consept(or atleast you could create a prototype).

True (if you can afford it).

Preferably BEFORE you even create the token. A good lawyer will review your early concept/whitepaper and tell you what to look out for in your jurisdiction (or where your company needs to incorporate in order for you to realize your vision in a legally compliant way).

1. Decide if an ICO is suitable for your business

ICO’s are not suitable for any business. It is not a tool to quickly raise money and bypass the long and costly process of registering a public offering with the regulators. While that used to be the case during the formative days of ICO’s, it is no longer true. Like everything else in the crypto world, the ICO ethos is taking shape and informal standards are being adopted by the industry. The main question every startup considering an ICO should ask itself is whether the digital token can be integrated into their business model in a meaningful way. If the only use for your coin is to trade on an exchange, it guarantees that the price will crash soon after the ICO takes place.


2. Create a product

This crucial step is often ignored by hustlers trying to raise capital as quickly as possible, but ignore it at your own risk. Building an actual product is far and beyond the most important part of an ICO.

3. Create a token

This might be the simplest part of the ICO process. Creating a token, at its core, means creating an asset that your business needs to survive. Tokens can represent any tradable good: digital coins, loyalty points, gold certificates, IOU’s, in-game items, etc. Tokens are similar to shares of a company sold to investors in an IPO transaction.

Before creating anything, decide how much you want to raise, how many blockchain or Ethereum tokens you will issue, how many you will retain for the team and decide in advance in what scenario you will issue additional tokens.


4. Get legal opinion

Whenever you’re dealing with other people’s money, you want to be legally covered. The objective here is to ensure that your token is not seen as a security and make it clear that there is no effort to deceive. Where the ICO really begins is in the pre-sale and legal planning process. To avoid trouble with the SEC, you will need a formal legal opinion and a legal description of the token offering and what investors actually get for it.

5. Create community and buzz

This is probably the second most important step in the ICO process. Your token sale will not get anywhere unless enough investors know about it. It is a sad but true fact that the majority of token sales are driven by initial hype.

The biggest barrier of ICO’s is creating trust — trust in whether the team behind it has the chops to execute on their idea. One of the best ways to establish trust is through tried and tested influencer marketing. Find the right crypto influencers for your business, incentivize them properly, and grow your audience exponentially. Platforms like GuerrillaBuzz

 will offer you advice on how to establish your coin in various communities like telegram, quora, media, reddit, forums and ICO calendars.


7. Get your token out on exchanges

Once you’ve created your coin, whitepaper, and marketing strategy, you need to reach out to ICO exchanges to carry your coin. Exchanges enable people to buy and sell your token on the open market, so getting it accepted on the strongest and most established exchanges is critical. The actual process of listing a coin on an exchange varies significantly by the site.