(credits to the owner)

There are many promising startups — big and small — that aim to offer remarkable services to the general public. Guess what their challenge is? It is “money, support, trust, etc.” Many of them are faced with the problem of how to raise money.

Some others are faced with the problem of support from the public. For some others, it is the problem of trust. These and more issues could hamper such startups from coming to limelight.

The reasons why startups, though promising, may face such issues are not far-fetched. Many people have feigned such promises and ended up as scams. So, the public is very careful and reluctant to fully participate in new organizational activities.

The use of angel investors, bank loans and other methods of fund raising may not be easy and feasible as they were. However, ICO is a way to raise money and still earn the trust and support of the public. For an important and global business as video gaming, the Boliecoins team considered an all-inclusive process that started from a pre-sale and now, the ICO.

What is an ICO?

ICO is the acronym for Initial Coin Offering. It is a method of fundraising that involves a company selling out their tokens at discounted prices in exchange for fiat, Ethereum or Bitcoin. This method is been trending since 2017 and there are reasons for this.

Hence, we would discuss some of the reasons why companies should engage in ICO as a means of raising funds. Some of these reasons are listed below.

Why should Companies Raise Funds through ICO?

It is an easier way to raise funds. Suppose you walk up to a bank or other financial institutions, the large procedural setups may discourage you. Documents, bank statements, collaterals may be required to obtain funds from them.

In fact, no matter how promising a business model may be, many may still be reluctant to provide financial support. Nevertheless, With an ICO, you could engage them and earn their trust to a reasonable extent.

By using ICOs, you would not only be able to raise money, you would also be able to build a community. This is because ICOs usually involve the participation of token owners.

With this, you would be able to carry investors along and keep them updated on what your company is doing. This will build their confidence in your company and you will earn their support in return.

To get more to participate actively, you could release bounty airdrops. Airdrops are tokens that are given out freely to people in exchange for some little social media tasks. You might want to incorporate that too since its trending and useful as the airdrop campaign of Boliecoins has shown.

Also, in addition to raising funds through an ICO, you can add one of the traditional fundraising mechanisms to raise more money. Think of a possible venture capital stake to shore up your funding.

The Boliecoin ICO is currently on and you have a chance to be a proud owner of the video streaming P2P gaming platform. Each Boliecoin is up for sale at $0.50, and you can go to the link here:

👉 https://boliecoins.com/ 👈