ICO Token Funding for Crypto Startups Need to Adjust Adequately to Changing Landscape
The market has led to having a different mechanism and a cheaper way that we could host the crowd sale; this is because of the bear market and the slow change in sentiment in most of the investors around the ICO. It was witnessed a staggering collapse of about $2.5 billion in the recent ICO funding carried out in January to approximately $181 million in the month of September.
It is a clear evidence that most of the startups within the market will need to establish better ways in which they can reduce the costs and risks involved.
Therefore, these organizations will need to ensure they are able to trim off the excess fat where it needs to, and the easiest way this can be achieved is through token sales on the ICO platforms that have been launched. It is actually an inexpensive option for investors to look into, not forgetting it can be a precious option in which funds can be raised quickly.
With the use of this methods, we will notice that most organizations will not need to attract the level of funding that is required when they are justifying the bespoke platform. With the changes that have been taking place in the market, startups cannot afford just to throw around funds to have an adequate ICO platform up and running, in fact, they are sourcing for cheaper ways they can get all this done; thus, it helps them to balance their books easily.
It Is Clear We Are In The Era Of Changing Times
The crypto market has been growing drastically, and it might actually seem that the crypto bubble appears to be going as Bitcoin has been able to grab some international attention from the headlines that are stopping just a little short of the $20,000.
The commentators within the market cannot confidently say where the ceiling of the market could actually be, but what is clear to everyone is that the speculations that have been made are in favor of the crypto market.
The startups within the market need to change their strategy, instead of promising some get rich schemes they should instead ask the investors within the market for some pocket change. That is by getting the individuals who are aware of the market and are looking for ways they could get a little bit more involved, and this is where we will be able to see some positive economic activity taking place.
Some Token Sale Solutions That Will Help In Grounding Your Project
The smart move that startups or just investors within the market should get into is the removal of over investing on each and every ICO launch that hits the market. But there is an exception to this move, it is the large organizations within the market who tend to enjoy the media coverage around there products, but the smaller startups should stay clear.
A better option would the use of token sale solutions; the good news is there is a list of options that startup companies could consider to take up. Some of these solutions are as follows.
Some Of The Token Sale Solutions To Look Into
LexICO – this is an offshoot to the LEXIT which was initially designed as an online marketplace to either buy or sell intellectual property, assets, plus some shares of companies. It has been considered to be the full solution for the launch of ICO, Bounty campaigns and airdrop. And if you go ahead and pay with the native token, you will be able to enjoy meaningful solutions.
The Das33 – this is also an alternative solution that primarily creates very strong structured processes that can be used on the ICO. As the platform will retain full control. A platform that is aiming to address the bearish sentiments that have been around the idea of ICO, this is through the emphases of oversight that they give to each particular project.
The market is undoubtedly changing, and in order to succeed, we all need to make small adjustments.