Often during the launch of startups, many teams need more initial capital. The standard way out of this situation is to raise funds by issuing shares. However, placing shares can be quite expensive. The rise of blockchain technology has made it possible to create an alternative method of raising funds – an Initial Coin Offering (ICO).
In this process, you may need the help of a company that provides professional ICO marketing services. Below we will look at the best ICO platforms that you can definitely trust.
ICO Definition
Initial Coin Offering is a process driven by the development of the crypto market, which is the exchange of coins for tokens – digital currency within a specific project, which startups issue to raise funds for the building of their projects. Tokens do not have functionality that is completely similar to that of shares. You can often receive some services or products from a startup or a contract for tokens.
ICO Platform Meaning
The ICO platform aims to enable Web3 startups to launch their tokens and attract investors. Such software solutions are actually platforms where companies can create and distribute digital tokens, and then offer them for purchase to investors.
Typically, ICO platforms operate as shops where companies can launch their own crypto products. They also provide several services, such as ICO management and token distribution. Naturally, all processes take place safely and transparently so that all parties can be sure that they will not be deceived.
Why Is it Important to Choose a Reliable ICO Platform?
ICOs began to gain popularity after the success of Mastercoin in 2013, which managed to raise $5 million. However, from that moment on, scammers began to appear who carried out distributions and closed. You should approach the choice of platform responsibly so that you can associate yourself in the eyes of the public with the authoritative name of the platform. This way you can position yourself as a reliable project that can be considered for investment. At the same time, if you choose a reliable platform, this will give you a large pool of potential token holders.
6 Best ICO Platforms
We know very well how difficult it is to choose platforms for ICO in times when many scammers are trying to steal your money. However, we conducted our own analysis and were able to identify six reliable software solutions thanks to which you can launch the distribution of your tokens without fear that you or your investors will be deceived. Let’s look at them in more detail.
1. Binance
Binance is undoubtedly one of the most popular crypto exchanges. At the same time, they launched their own trading platform ICO. Binance Launchpad is a curated platform that helps blockchain startups raise funding and increase their visibility. The platform uses a lottery approach to select participants who will be eligible to invest in subsequent token sales.
2. OKX
OKX is a trusted and reliable ICO investment platform. It connects blockchain projects with a global community of crypto enthusiasts by providing a simple and convenient way to launch tokens. Investors receive a safe and reliable platform to purchase tokens.
3. Ethereum
Ethereum has its own platform ICO that allows you to create your own cryptocurrencies or tokens and sell them to the general public through an initial coin offering. The platform uses smart contracts on the Ethereum blockchain to control the sale of tokens.
4. BitMart
BitMart is an initial coin offering platform offered by the BitMart exchange. They provide fundraising event hosting services where projects sell their new cryptos directly to investors. They also run lotteries where users can participate and have a chance to win a portion of the new token. However, some Launchpad events require a certain amount of native BitMart tokens (BMX) to participate.
5. Polkastarter
Polkastarter is based on the Polkadot network and allows projects to run their token sales to the public. The platform leverages Polkadot’s unique capabilities to enable cross-chain token exchange and prevent whale market manipulation. Polkastarter is focused on interoperability, allowing projects to raise funds in a variety of cryptos.
6. KuCoin
KuCoin is an ICO exchange platform with its token launch platform. This is a unique feature of the exchange that allows customers to earn rewards for trading certain digital assets. KuCoin is an excellent choice for those looking for a secure and easy-to-use digital asset swap.
Final Thoughts
If you are going to create your own Web3 project, then one of the best methods to attract investors to it is to conduct an Initial Coin Offering. This way you will be able to raise the necessary amount of funds to build your startup and attract an audience to it. However, choosing the right ICO trading platform for listing a token can also be a difficult task.
The main thing is that you need to conduct research, then select several suitable options, and understand how authoritative and reliable they are. After all, not only your reputation depends on this, but also the safety of the funds that investors will give to your decision. That is why we have selected six platforms that you can trust because they have demonstrated their integrity and excellent results that can be tracked through their successfully completed projects.
If you need help promoting your token distribution, you can turn to professionals for help. Coinband can become such a reliable partner for you. Our team has deep knowledge in the field of blockchain and cryptocurrencies and extensive experience in the field of ICO marketing. In this way, we can provide you with expert services that will make your project known to the masses. Our goal is to inform as many people as possible who are knowledgeable about Web3 and are ready to invest.
