How Much Does it Cost to Launch an ICO?

ICO Development

Initial Coin Offerings (ICOs) have transitioned from a skeptical start to becoming a leading fundraising method in the blockchain industry. Despite occasional setbacks, ICOs have consistently proven the market potential, driving success for blockchain startups.

On average, ICO launch costs range between $40,000 to $200,000, depending on factors such as the expertise of the blockchain development team, website creation, cryptocurrency wallet development, and whitepaper preparation.

Osiz, a trusted name in blockchain services, offers comprehensive ICO platform development to streamline your fundraising journey. From conceptualization to launch, we ensure an efficient and cost-effective ICO process tailored to your business needs.

ICO Service-Wise Cost Demarcation

ICO Consultation

ICO consultation is often underestimated but can significantly impact the success of your ICO. Many entrepreneurs overlook the importance of expert guidance, which can lead to avoidable failures.

Consulting with a reliable ICO service provider offers invaluable insights that enhance your preparation and confidence. It ensures you approach the ICO process strategically and gain a comprehensive understanding of the blockchain industry.

ICO consultation typically includes various sub-services, such as

• Planning of the ICO

• White paper Drafting

• Token Creation and Marketing

• Website Development

• ICO Listing Process

• Post Launch Activities

The cost of ICO consultation starts from $6000 to $13,000.

White Paper Drafting and Auditing

A well-crafted whitepaper is crucial for determining the cost and success of an ICO launch. It serves as a comprehensive guide to help investors understand the project's purpose, benefits, and scope. A detailed whitepaper highlights the practicality of the idea, the problems it addresses, and the blockchain-driven advantages it brings to the targeted industry. While creating a whitepaper independently is possible, key details are often overlooked. Partnering with professional whitepaper specialists can ensure quality and thoroughness. The cost for whitepaper drafting and auditing typically ranges from $5,000 to $18,000, depending on the provider.

Blockchain Development

Developing blockchain solutions is a key step in launching an ICO. This includes token creation, ICO smart contracts, and MVP development. Due to its importance, blockchain development is among the costliest aspects of an ICO. Partnering with a specialized ICO development company typically costs between $12,000 and $48,000.

ICO Website

An ICO website plays a pivotal role in the fundraising process, serving as the primary platform for presenting your project, including its details, offerings, and whitepaper. It is often the first point of contact for potential investors. Developing a professional and functional ICO website typically costs between $12,000 and $25,000, with exact pricing depending on specific requirements provided by an experienced ICO development company.

Cryptocurrency Wallet

While not mandatory, providing a cryptocurrency wallet can be highly beneficial for investors, allowing you to store and manage your digital assets in one place. This helps you to track your holdings and make investment decisions. Adding this feature to your ICO offering typically costs between $14,000 and $55,000, depending on the wallet's complexity and functionality.

ICO Development - Tech Stack

• Ethereum 

• EOS

• GO

• Node.js

• Stellar

• Waves

How Team Size Affects the Cost of ICO Development

Launching an ICO requires a skilled team of 8 to 12 professionals, including business analysts, designers, developers (frontend and backend), QA testers, and a project manager. The preparation phase typically takes 4 to 10 months, followed by 1 to 2 months for the launch and marketing. Once live, the ICO remains open for investor contributions for around 2 to 3 months. The time and resources needed depend on various factors, including technology stack and project complexity.

The following is the time frame used for a successful ICO Launch:

• ICO Preparation - 4 to 10 Months

• ICO Launch and Market - 1 to 2 Months

• ICO Live in the Market for Investment - 2 to 3 Months

Challenges Faced While Launching ICO Platform

The following are the challenges faced during the launch of ICO in the market.

• Justifying the Investor's Benefit

• Proving your business as a NON-Fraudent Brand

• Securing the Whole ICO Round

Why Chooe Osiz For ICO Development?

The cost of launching an ICO typically ranges from $40,000 to $200,000, depending on several factors such as whitepaper development, blockchain solutions, website creation, and crypto wallet integration. Achieving a successful ICO launch requires experienced blockchain developers capable of delivering efficient solutions tailored to your needs.

Osiz offers expert ICO development services, with dedicated teams skilled in cryptocurrency projects. Our blockchain specialists can help you design, develop, and launch a robust platform customized to your project requirements.