Initial Coin Offerings, or ICOs, are the stages at which a crypto project raises cash for continued development. This is not always true for all cryptocurrency initiatives. Some ICOs intend to expand their existing companies as well. Unlike IPOs in stock markets, the crypto asset market is currently unregulated by any government or state organization. This crypto environment is governed by trust. It is ironic that the trust level must be incorporated into each ICO because the entire goal of blockchain is to interact in a trustless way. There are some rules of ICO whitepaper that you should follow to make your crypto asset successful. To know these rules, you can approach Cryptoknowmics.
How Is Legitimacy Determined?
Choose the legitimacy of the commercial entity behind any ICO. For the first filter, the fact that a firm is a registered firm allows us to identify two things. First, ICO is supported by a legitimate company, and the history of a registered company can now be tracked online.
Determine the product or service that the ICO is offering. Is the product or service a viable option? In case you are the creator of an ICO, you must be aware of mistakes to avoid while writing ICO whitepaper. For professional assistance regarding an ICO whitepaper, approach Cryptoknowmics without having a second thought in mind. Cryptoknowmics is a one-stop solution for you.
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