Maybe the innumerable Initial Coin Offerings suddenly running the show today can make you wonder how they are launched. The sheer volume of labor that goes into their development, right from charting its strategic technology design, conceptualizing the token all the way to designing the website, isn’t a mere walk. Yet nobody often talks about it!
So, How Are ICOs and Smart Contracts Developed?
To better understand this, let’s go back to 2013, a year when Mastercoin, a bitcoin-blockchain-powered ICO managed to raise $500,000. It was a huge milestone back then, of course, before the entry of Ethereum and Decentralized Autonomous Organization (DAO). DAO raised a staggering $150 million, shattering all the previous records.
But it was just a sign of better things in the future as the momentum that had begun to gather in smaller groups of ICOs grew. Some would even raise millions of dollars within hours of the start of the token sale. Unfortunately, scam projects, pump-and-dump ICOs and Ponzi schemes started too!
Despite fewer people questioning how long an ICO development process takes, the trust is that it can take months or years to ensure it’s a success. Take the case of Applicature, for instance.
What is Applicature?
Applicature, a California-based blockchain development agency handles a plethora of blockchain-based jobs in the industry. It has a team of competent individuals capable of developing smart contracts for startups. The techies handle everything, including research work, deployment and customizing the blockchain solutions and end up executing the ICO.
Further, Applicature has experts who offer technical advisory to blockchain firms and technical consultancy services regarding crowdsales. The popularity of Applicature as many people’s hub of Ethereum developers also stems from the fact that it has branches in six other cities in the US and Eastern European country of Ukraine. This, hence, justifies the agency’s promise of knowing no boundaries while reaching out to millions all over the world all the time.
How Applicature Works
It is from the services this agency offers that we can get to tell how it helps its millions of crypto clients from all over the world. It has for main services:
Strategic Technology Design Analysis
Blockchain-powered businesses in the future will have a greater competitive edge than those without. But for a company to be integrated with this technology today, it should be an online business so that the ICO can be created and executed. However, the ICO can only be a success when everything, including the blockchain employed, and the cryptocurrency aligns with what the community accepts. And that’s precisely what Applicature does – it sets up the ICO and ensures it becomes a triumph.
Designing the Token Concept
Applicature is wholly committed to helping businesses discover the right way of leveraging blockchain and subsequently implementing their smart contracts. It uses state-of-the-art tech specifications and architecture that will not bow down to attacks and bugs.
Crafting ICO Smart Contracts
It helps companies create their Pre-sale and ICO smart contracts, test them and deploy the infrastructure.
Developing the Applicature Website
To complete the development of an ICO, Applicature will engage in the technical aspects of creating a website dedicated solely to the token sale.
Clearly, a lot goes into the completion of these services given how intricate the tasks are. However, whether it is to help businesses choose and deploy the best suitable blockchain technology, implement token distribution logics or just anything, be sure they can be up to it.