What are the stages of an initial coin offering (ICO) in the cryptocurrency industry?

1 answers

• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that an initial coin offering (ICO) generally follows a series of stages. The first stage is the ideation phase, where the company conceptualizes the project and develops a whitepaper. The second stage is the pre-sale, where early investors can purchase tokens at a discounted price. The third stage is the main sale, where the general public can participate. After the main sale, the company focuses on delivering the promised product or service and building a strong community around the project. It's crucial for companies to conduct thorough due diligence and comply with regulatory requirements throughout the ICO process.
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