When the initial coin offering (ICO) sector took off last year, a lot of operators were unsure as to what the best way to go about conducting these offerings were.
As they were so new, there was no clear-cut blueprint for them to follow, often times they have to create their own path, which didn’t always work out too well. It can be a resource heavy process if you don’t know what you are doing, which is why Stratis planned their platform launch for so long – they want to streamline the entire process.
This will allow companies of all shapes and sizes to get involved with their ICOs, without having to dedicate tons of time and other resources into it.
What are the details about this launch?
Stratis have just announced the details about their upcoming launch of their ICO platform. This will be a customisable platform depending on the needs of the ICO operator and this will allow them to tailor make their ICO depending no their specific brand.
There will be many different cryptocurrencies accepted for funds and there will be a naturally integrated KYC service to ensure that anti-money laundering rules are obliged.
How is the ICO process made easier?
In its current form, it is not an easy task hosting an ICO. It was in August 2016 that Stratis first launched a range of services and the have been growing ever since. They provide a variety of different blockchain-based apps for parties to utilise. They offer end to end development and they even have a consulting service available to those interested in developing their own blockchain apps.
It will only take someone a few minutes to create an ICO which is unheard of. There are more than fifty cryptocurrency funding options available thanks to their partnership with Changelly.
The platform is completely free to use and they really take all of the headaches out of the holding of an ICO process. There are three distinct phases of operating an ICO using the Stratis platform. The deployment phase involves creating the web application.
The live phase is tracking all of the funds gathered through the ICO and allows you to keep track of all transactions. Finally, the token distribution phase will automatically distribute those who have contributed their tokens. The first ICO on the Stratis platform is set to be no the 31st of May.