Initial coin offerings (ICOs) have become the go-to funding option for blockchain startups looking to raise funds to take their project from an idea to a functional product. The success of ICOs, however, varies vastly. Some raise substantial funds while others miss their funding targets by miles.

One main factor that plays into the success or failure of an ICO is how much capital the startup has available to conduct a successful token sale. How much does it thus cost to launch an ICO? Prior, now see the benefits of launching an ICO.

What Is ICO?

An Initial Coin Offering (ICO) is a new way for startups to raise funds for their projects. Launching an ICO is a cost-efficient way to encourage people to invest in a future project. The main reason why it has become so popular is that it encourages people to make long-term investments.

The Benefits Of ICOs

ICO has extensive benefits for startups looking to start or grow opportunities. Below are some of the many benefits of ICO:

Decentralization: ICO platforms are decentralized and are explicitly available to everyone worldwide. 

Liquidity: ICO has high-volume liquidity & real-time price values.

Transparency: ICO enables customers to invest worldwide whenever they wish to do it. It is capable of providing added flexibility as well as transparency compared to conventional crowdfunding systems. 

Cost variant: The values of ICO tokens will contrast from business to business. It enables customers to expand their venture and profit-earning opportunities.

Risk elimination: With the lack of a third party, ICO is considered a risk-free crowdfunding method.

Lowest ICO Pricing

There are four main components to an ICO's pricing: Technology, Landing, Content, and Advertising. They put together a cost breakdown to help you understand what it might cost to launch an ICO.

Technology

This category includes token development, creating the ICO smart contract, thorough testing of the code, etc. To create a secure ERC20-compatible token, you will need professionals that would cost you.

Landing

As for building a website, you have two options. You can either create it using website builders or develop a custom one. I strongly recommend you opt for the last option to make your website secure and resist any potential hacks. A good custom website would cost you.

Content

There can be no ICO without the whitepaper. Besides, you will need someone to create the content for the website and write articles for promotion. A content creator will cost you on average.

Advertising

You will need to invest in a full-time community manager. Besides this, you can use the paid advertising this would cost you. 

First and foremost, to launch an ICO, you will need to hire hard-boiled blockchain developers, SMM managers, and editors for the whitepaper, as well as designers and web developers for launching a website for the ICO.

Wrapup

ICO will remain relevant in the future as it is an efficient way to raise funds for your innovative idea. Besides, if you nail launching an ICO, you approach the most profitable ICO script provider in the crypto world. With the best ICO script provider, you will reach the target you set in a hassle-free way.