What is the first step for launching an IDO?
The first step is defining your fundraising goals and tokenomics. Decide the total token supply, allocation, vesting periods, and target investors. Next, select a reliable launchpad that aligns with your project, such as Polkastarter or DuckDAO. Technical setup includes smart contract development for token distribution, ensuring security audits, and preparing liquidity pools. Marketing preparation is equally crucial—build community awareness through social media, email campaigns, and AMAs. Pre-launch engagement with potential investors helps build credibility and generates early demand. Legal compliance is essential; make sure the IDO follows the regulations of jurisdictions where participants may invest. Proper planning and execution ensure a successful IDO launch and investor trust.
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