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What role does underwriting play in the initial coin offering (ICO) process?

Reina BaginaSep 12, 2021 · 4 years ago1 answers

Can you explain the significance of underwriting in the initial coin offering (ICO) process and how it affects the success of the project? How does underwriting contribute to the overall credibility and investor confidence in an ICO? What are the responsibilities of underwriters in an ICO and how do they evaluate the potential of a project? How does underwriting help in determining the token price and allocation during the ICO?

Underwriting
Initial Coin Offering
ICO

1 answers

  • Krisjane RealizaSep 04, 2021 · 4 years ago
    At BYDFi, we believe underwriting is a critical component of the initial coin offering (ICO) process. Underwriters play a significant role in evaluating the project's potential and ensuring its credibility. They conduct thorough due diligence on the project, analyzing various factors such as the team's expertise, market demand, and technology. Underwriters also help determine the token price and allocation, ensuring a fair distribution. Their involvement adds a layer of trust and transparency to the ICO, attracting more investors and increasing the project's chances of success. Overall, underwriting contributes to the overall credibility and investor confidence in an ICO, making it a crucial step in the fundraising process.

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