Guide to ICOs in Bakersfield, CA


Guide to releasing an Initial Coin Offering (ICO) in Bakersfield, California.

There has actually been a great deal of confusion on what an initial coin offering is (ICO– likewise often called a token generation event or token sale), what type of business an ICO can be used for, and what goes into launching an ICO– from a task’s perspective.

Disclaimer: This is not to be interpreted as investment or legal guidance, however rather meant as a template to show the procedure behind an ICO, and exactly what a job’s stakeholders (group, board, stakeholders) must think of when performing an ICO.

Offered the blockchain market is fairly brand-new, there isn’t really a lot of details on the subject (from a project’s viewpoint), and with each brand-new ICO, groups are learning best practices on what to do and exactly what not to do. Below is a guide of all the details we collected about the ICO process, with input from individuals who experienced the procedure first hand.

If you want to add to this guide, or have any recommendations, don’t hesitate to make suggestions here:.


The greatest two questions you need to think about first are:.

  • What is the function of the token?
  • Are you sure you wish to do an ICO?

Token: Considerations for 

  • What is the function of the token?
  • What function or utility does it carry out?
  • Is the token absolutely essential?
  • Why does your task need to be on the blockchain?
  • Can you explain a practical financial design behind it?

If your application doesn’t have to be built on top of a blockchain procedure, you need to think hard before moving forward. For instance, the computational costs of building an application on top of Ethereum is a lot more costly than something like AWS. You have to have a strong factor for why you are developing a decentralized application vs. a central application.

If you are uncertain whether your application should be built on the blockchain or not, you should do more research and invest more time finding out about Bitcoin and Ethereum. Constructing a decentralized application is basically various than an application using client-server architecture, and you’ll have to fully comprehend the components of a blockchain and exactly what can be built on top of this brand-new architecture.

{ICO|Initial Coin Offerings in Bakersfield, CA 93301

An ICO is essentially different than raising money through VC’s or other traditional methods.

On one-hand, you are selling future usage of your platform (not quiting equity). On the other-hand, you are becoming a public company on the first day. You’ll have a big neighborhood you’ll have to handle post-ICO, and you need to make sure you want to deal with this concern in advance.

Here are a couple of things to bear in mind while thinking through whether your project should do an ICO in the first place:.

  • Everything you do and all the actions you take will be shown in the price of the token.
  • Your team will get bombarded non-stop, multiple times a day, with concerns about the price of your token.
    You’ll need to be an international business from day one.
  • All of your internal team conversations will likely be pushed publicly.
  • There will be excellent tension in aiming to construct things that are long-lasting important vs. short-term valuable.
  • If your item isn’t open sourced currently, there will be a huge reaction to become entirely open sourced. There is a strong expectation that many blockchain jobs are open-sourced jobs.
  • In general, cryptocurrency projects are way more public/transparent than normal startups, or perhaps traditional public companies.

In general, great blockchain jobs look and function a lot more like open-sourced software projects vs. standard tech companies. You and your group will have to decide both whether your application makes sense to be built on a blockchain + you want to operate as a transparent and open company.

Marketing is insufficient, people need to understand and trust your skills.

A lot of these early ICO’s were performed by deep stack blockchain developers that became part of the core crypto community, with high track record and performance history. The ICOs that sold out fast and quick did not come out of thin air. Early token investors– who by the way were likewise part of the core crypto community– understood these designers well, and trusted them, as their respective product idea had been talked about and peer reviewed for lots of months over Reddit, Twitter, Slack, Bitcoin Talk, various crypto podcasts, etc.


White documents are the business plans of the Web3 with which teams attempt to raise your funds, often before having a prototype. Writing a good whitepaper is the primary job for each group. Avoid contracting out the writing to third parties. If you want people to take you seriously, you have to involve the entire group: from core devs to your sales individuals. You require a semi-technical description of how your task works and an easy to understand walk through for non-techies. The whitepaper should be interesting investors with no technical knowledge and designers alike. It needs to include:.

Reputable technical roadmap.
Plausible business roadmap.
Clear tokendistribution model.
You can take your effort one action even more and launch a technical paper like the Ethereum’s Yellow paper or Zcash’s technical whitepaper. These papers offer a more insight into the technical application and are just targeted at individuals with deep understanding of blockchain innovation. They offer more credibility to your tech know how, and allow for online swarm evaluation. Technical documents have so far generally been utilized for blockchain token sales and not for dApps token sales.

Model – Bakersfield CA 93301

You will be more reliable if you already have an item prototype. Encourage people to visit your GitHub page and have fun with the code. Please note, jobs without a single line of code raise lots of warnings in the eyes of financiers. If your name is not Vitalk Buterin or Gavin Wood– simply using examples here– you might have problems raising money only with a white paper.