Token Sale

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What is a token sale?

In a token sale, a company sells a portion of its own tokens through a digital token crowd sale. Tokens are exchanged for an amount of an existing liquid medium of exchange, such as Bitcoin or Ether (Ethereum), at a fixed or tiered exchange rate.

How do you get token sales?

Register with an Cryptocurrency Exchange. To participate in an ICO you need cryptocurrencies, usually Ether or Bitcoin
Exchange Fiat for Bitcoin or Ether
Transfer your Coins from the Exchange to a Blockchain Wallet you Control
Set up your Wallet
Buy ICO Tokens
Secure your Tokens

How do I start a token?

So you need to implement a smart contract according to certain token standards, which depend on a blockchain if you want to make a token.

Benefits

Pros of Using Tokens

Token-based Authentication is more Scalable and Efficient. As we know that tokens are required to be stored on the user's end, they offer a scalable solution.

Decentralization

ICOs can be available to everyone, particularly when the ICO accepts cryptocurrencies. The only requirement for most ICOs is that the contributor is able to transfer funds in time to buy.

Variation in Cost

The chance to use ICOs to fund any project means tokens can vary greatly in value from startup to startup. This lowers risk while also increasing the opportunity to make a considerable profit. Plus, the ability for a large number of investors to contribute enables multi-million dollar ICO projects.