Hey, crypto fam! 🚀 Ametisto here with Day 4 of ICO Week. Let’s break down the step-by-step process of an ICO so you can understand how these crypto projects come to life.
1️⃣ Idea Creation: It all starts with a groundbreaking idea. The team identifies a real-world problem they want to solve using blockchain technology.
2️⃣ Whitepaper Development: This document explains the project’s goals, technical details, tokenomics, and how funds will be used. It’s like the project’s blueprint.
3️⃣ Token Creation: The team creates a cryptocurrency token, often using platforms like $ETH (ERC-20 tokens).
4️⃣ Website & Marketing: A professional website and promotional campaign are launched to attract investors and generate hype.
5️⃣ Token Sale: During the ICO, tokens are sold to investors in exchange for cryptocurrencies like $BTC or $ETH.
6️⃣ Project Development: After the ICO, the team uses the funds to develop the project, following the roadmap outlined in the whitepaper.
Why are token prices so volatile post-ICO?
Prices often depend on hype cycles and speculation. Some tokens are undervalued, gaining momentum as the project delivers results. Others are overhyped, leading to price crashes when expectations aren’t met.
A strong, transparent roadmap helps stabilize token prices and build investor confidence.
Tomorrow, we’ll wrap up by reviewing the entire ICO journey from start to finish.
#CryptoEducation #TokenSales #ICO