Crypto Currency ICO process

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I just want to know the process once we create our own coin for ico. Do we need to create our own wallets and exchange as well, what is the process to transfer your own coin based on ether to your investors during ico.

What I have understood is to Go to Etherium, then Create 100M Coins. Call them "Sam Coin" along with making a "Pre ICO". You then market your idea. You then issue your coin to those who send you money because they are investing in your idea

Now for the last point,I have read that you can issue them directly, you can also automate this process but most icos that start off with an "idea" will do it manually so they can spend most of their time on marketing and less on the actual code. Is this correct or do I need a blockchain developer who is going to create my own wallets for this purpose. If I have created my own coin on ether and I have a default wallet on ether, how can I transfer a token or my own coin to my investor's, manually, do I need a developer for this process for creation of wallets?
Feb 28, 2022 in Blockchain by Aditya
• 7,680 points
384 views

1 answer to this question.

0 votes
To answer your question, only for the contracts process, you should write the contract smartly and further which, posting it is essential. The investors will send the Ether to the smart contract during the period of ICO. This will ensure that the smart contract will release the tokens automatically to them through the written code and whether you create a new wallet for the ICO or use the one existing is your choice. You will also need a developer due to the reason of code writing on their part for the smart contracts.
answered Feb 28, 2022 by Soham
• 9,700 points

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