Crowdsale ICO platforms
ICO / Crowdsale Platforms
When a digital company decides to create, sell and distribute its own cryptocurrency, it needs to execute several steps along the way. Most of the turnkey ICO solutions, can be completely automated. Web applications for collecting payments or contributions must be stable, safe, scalable, user friendly and they have to be delivered in a timely manner. A company's founding team usually sets up several selling stages (pre-sale, bonuses) along with the terms of the sale; all of these aspects must be suitably supported for any ICO platforms. The accompanying processes, such as identifying the contributors and the origins of their contributions (Know Your Customer & Anti Money Laundering verification) and connecting them with their personal blockchain addresses, should also be fully automated.
Crowdsale or ICO platforms must fully include the automated processes of registering the contributors, with all personal info and the process of collecting their crypto contributions and investments, either with stand-alone payment processors or with customized smart contracts on the blockchain. The accompanying manual processes such as establishing a new cryptocurrency through developing and deploying a smart contract and the token distribution after the calculation period are executed in the funding period.
The founding team oversees the processes through the Admin Panel (UI); this is where the platform users can be managed and the verification process (KYC & AML) is executed. In the case of a stand-alone payment processor, the platform will issue unique contributing blockchain address, where the users can deposit their crypto contributions (e.g. ETH, BTC). The platform records each deposit and re-transfers it to a safer environment (blockchain address) called a Cold Storage or perhaps to an online exchange business account in order to exchange this deposit for other crypto or fiat assets.
