ICO Checklist: How to Setup a Successful Initial Coin Offering from Idea to Funding

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ICO Checklist: How to Setup a Successful Initial Coin Offering from Idea to Funding

A list of fundamentals for your blockchain project:

  1. Concept of idea/project: Like any traditional startup, everything starts from an idea to solve a problem.
  2. Assembling core team: The founder/s assembles the core team members that will drive the project forward.
  3. Product planning: With a team of diverse skilled members important decisions such as the technology to be used, the product functionality, the token/ICO characteristics, etc. are decided.
  4. Getting advisors: Fulfilling the shortcomings of your team with experienced individuals that can provide advice, mentorship, and connections.
  5. Product/Community marketing: Start building an engaged community and introducing the project to the space. Create a communication plan to introduce the product and the vision for the project.
  6. Developing a whitepaper: Authoring a white paper to introduce the problem, the solution, the product and its technology, the token and the ICO, team, business, etc.
  7. Releasing a roadmap: Present a feasible plan of action with commitments for development and milestones to keep the team accountable to the community and supporters.
  8. Seeking legal council: Define jurisdiction and get legal council to operate under the corresponding legislation including corporate structure, taxes, securities, AML and KYC laws, etc.
  9. Token sale marketing: Announce and develop a communication strategy to inform people about the token sale, the specifics of the token, its distribution, sale terms, etc.
  10. Releasing code and audits: Share your smart contracts code for revision and ideally have a specific auditing service do a revision.
  11. Token Sale (optional pre-sale): Run the actual crowdsale or a pre-sale (public or private) to collect some “seed” money for development.
  12. Proceeds conversion: Teams liquidate some of the received money to secure cash and pay to build out the team, technology, and business.
  13. Releasing prototype: The sooner a prototype is presented the better. If it is before the ICO even better.
  14. Transparency reports and post sale: After an ICO is completed the real work and responsibility to your community begins. Being transparent, showing progress, and keeping constant updates is essential.

Go here for the full article
https://blockchainreview.io/ico-preparation-checklist/