How to Build an Effective IDO with Starter Fresh off of our debut on Polygon, we go over our top suggestions for a successful IDO launchpad development. If you have a project that you want to launch on Polygon or one of our other supported blockchains, take this advise to heart and watch it succeed. Scammers, take note: it's difficult to con a powerful, well-organized community. Build a strong project from the ground up if you really want to succeed since Starter gives its users the tools to identify the truly promising initiatives from the crowd. We recommend the following: Excellent Token Economics Although it may seem obvious, token economics is the lifeblood of every IDO. Even if you have a terrific marketing strategy, a ready-made market, and a fantastic idea, your project won't succeed if the tokenomics aren't built to generate demand. Like any new company, you must guarantee that your plans for development and expansion are adequately funded; yet, you cannot rely solely on your community to provide these money. It's not a good idea to try to raise too much money through a public IDO. This will create a ton of questions and eventually appear to be a cash grab. Public IDOs shouldn't generally cost more than $250,000 USD. This can be much less during a bad market. Your market cap at debut has to be planned to be modest at first to pique curiosity and offer prospective growth. A dump on listing would be encouraged if your listing price were significantly higher than your IDO pricing. The most effective IDOs guarantee token scarcity; however, there must be careful coordination between the number of tokens sold in an IDO and the number of participants permitted. If tokens are scarce, investors will want to hang onto what they have, leaving others out of the IDO. If you strike the right balance, you will create enough financing for IDO and guarantee that many people will still want to invest at listing, driving up the token price. "Green Candles on listing" ought to generate interest in your project and cause FOMO among other market participants, which will motivate them to back and support it. Continue Reading: https://morioh.com/p/8e6084569a0b