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

1 answers

• Nov 28, 2021 · 3 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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