The blockchain is the most significant financial innovation of the past decade. Large corporations, including Microsoft and Robinhood, have embraced the crypto market. Many countries, including Russia and Iran, are investing in industry-related growth.
The most significant asset type in 2021 was cryptocurrency. Investors that got in early on Bitcoin have enjoyed profits of over 1000%, and there are many more success stories in the recent past. Initial coin offerings (ICOs) have also became a popular means of raising funds. Here’s a closer look at cryptocurrency, ICOs, and how ICO consultants can help you get involved in this burgeoning market.
What is the Blockchain?
In the last decade, the blockchain technology has reshaped the financial sector. Today, corporations such as IBM are creating blockchain systems to assist worldwide companies in shipping goods more efficiently. You might be asking yourself what blockchain technology is and how it works.
The blockchain is a “time-stamped sequence of immutable documents managed by a network of computers owned by no one. Blockchain technology can assist individuals and businesses in completing tasks more quickly and securely. The blockchain system can be used for a wide variety of purposes, including the creation, mining, and exchange of cryptocurrency.
What is Cryptocurrency?
One common use of the blockchain is to securely track cryptocurrency trading. Cryptocurrencies are a digital store of value, similar to stocks. They differ from stocks in that they are largely unregulated and not usually explicitly tied to any underlying industry. Investors put money into cryptocurrency not because of some associated product or service but because they believe that others will also buy the cryptocurrency, causing its price to rise. Each cryptocurrency has its own value and operates via slightly different, internally-determined rules. An ICO, or initial coin offering, is the launch of a new cryptocurrency. Some of the biggest cryptocurrencies today are Bitcoin, Ethereum, Solana, and Cardano.
7 Reasons Why You Need an ICO Consultant
Most startups have to choose between hiring their own employees and calling in consultants to offer expert guidance on complicated topics. Hiring your own employees creates recurring costs and necessitates a human resources infrastructure, adding more tasks to your already packed to-do list. Hiring consultants, though, creates no long-term financial commitments and empowers you to focus on what you do best while your dedicated team of consultants takes care of the rest.
ICO consulting firms are an ideal solution whether you’re planning an ICO fundraising event or putting together an ICO marketing strategy. If you’re still doubting the decision to hire an external consultant, here are the top 7 reasons you need an ICO consultant like ICO-Consultant.com.
1. Qualified ICO Developers
An ICO development company hires and works with the best developers to fulfill all of your ICO-related needs. Unlike independent ICO developers who may have limited skillsets, these firms aim to exceed your needs and expectations through diverse staffing and attention to detail. Besides hiring a highly trained and qualified team capable of operating across numerous programming paradigms, these ICO firms also provide you with incredible professional advice.
2. Team of Web Developers
Any ICO website must attract adequate financiers and crypto traders. While freelance developers may have experience in this process, no lone operator can match the skill set and experience of a seasoned team dedicated to your success.
3. Digital Marketing
Digital marketing is the backbone of your ICO development. It allows you to connect with like-minded people worldwide and facilitates strong community engagement across the crypto space. The process involves a range of marketing tools such as SEO, social media marketing, client support, and off-page promoting. Hiring an ICO development firm guarantees you excellent knowledge and expertise regarding all these aspects.
These consultancy firms have competent teams made of all the required professionals. Hiring them means you have a hand with SEO experts, content writers, and client support teams, among others. The latter guarantee you 24/7 support for your firm, which minimizes downtime and, in the end, enhances performance, customer levels, and loyalty, and profitability.
4. Up-to-Date Blockchain Expertise
Immense price fluctuations have accompanied the growth of cryptocurrency over the years. Understanding these fluctuations is itself a full-time job, and ICO development companies devote tremendous resources to this task. Their expertise can help guide you through the market and avoid common mistakes in this high-risk space.
5. Saves You Time and Money
Hiring an ICO consultancy firm also saves your business time and money. Any errors in the complicated ICO process will undoubtedly have significant costs associated with them, setting you back weeks or months in your development pipeline in addition to any financial losses. Having experts on your side can help you avoid these costly mistakes and keep your project on track.
6. Focusing on What Matters
Attentive business owners often wish they could do everything themselves so that they can be sure it’s getting done right. Unfortunately, this sometimes leads to non-experts heading up projects that require expertise. The most successful business owners delegate tasks wisely among a whole team of expert collaborators, which allows everyone to focus on what they do best and maximize results.
7. Keeping Employees Happy
Whenever a company takes on a new task beyond the scope of its existing work force’s expertise, employees are often asked to work in areas outside their comfort zones, creating unnecessary stress and inefficiency. Businesses that stick to what they’re good at and contract out work on new projects outside of their usual wheelhouses have happier employees who are confident that they’ll not be asked to complete a task too far outside of their existing skill set.