ICO IN JAPAN

ICO IN JAPAN

5 STEPS TO LAUNCHING A SUCCESSFUL ICO IN JAPAN

ICO is an acronym for Initial Coin Offering. It is an unregulated way by which funds are raised for a new cryptocurrency venture. It is usually used by businesses that are still in the infancy stages to bypass the regulated and challenging process which are mandated by banks and/or venture capitalists. Investors pre-allocate some quantity of cryptocurrency in the form of tokens in exchange for other cryptocurrencies like Ethereum and Bitcoin. If the ICO’s funding goal is met and the project becomes launched successfully, the tokens then become the functional units of cryptocurrency. This means that a function of ICO is to enable a cryptocurrency launch through procuring funds for…

ICO IN JAPAN

What Your Startup Needs to Know About Launching An ICO In Japan

Now that Japan is planning to release guidelines that are favorable to the cryptocurrency business, it is an opportunity to launch an ICO over there. ICO, called Initial Coin Offering, is a way by which new projects sell their crypto tokens against cryptocurrencies like the Ethereum and Bitcoin. An ICO is like a crowd funding platform, whereby a company offers something in exchange for a sum of money which is then used for different investments. However, in this case, what is being offered in exchange by the company is a virtual currency. If your startup wants to launch an ICO in Japan, there are some things you need to know….