How to launch Security tokens:
Before creating your own security tokens, it has many steps to go. First,
Step 1: Register your symbol:
If you have set up with the regulatory frameworks, you have to register your token symbol. Because after registering a token symbol in etherscan, the token symbols have been placed for your offering and no one can use that thereby. This is mainly done to avoid the hackers that they might create smart contracts using existing token symbol and trying to advertise the tokens for the people to buy them. This happened in some ICO’s.
Step 2: Choosing your KYC providers:
In creating the STO, you should need proper legal advice team, marketing team, KYC/AML provider. Investors choose the KYC providers to apply for the whitelisting when the token is ready to launch.
Step 3: Setting up your token details:
In the security token offering, setting up your token details is the most precautious step to follow. You may select the number of tokens at a determined price and the supply limit. And after the limit is sold out, you can increase the selling of token count. This is where you need to configure the total number of the token to be distributed. Other than this, you can set the start and end time of the offering, the type of payment, and the value your token should.
Step 4: Whitelisting:
This is the final step in STO. You have to create a whitelist for the investors who want to buy the tokens. The process of whitelisting enables the investors to take participate in STO before, after and during the offering. The submission of investors is done by the issuers and sent to the KYC/AML solutions provider for verification. After the successful verification, the investors can be able to participate in STO.
In coin offering business, there are lots of competition and technical barriers may exist to launch the security tokens. To avoid that take the help of the development team to launch the security tokens without hassle. If we have missed out anything about the security tokens, tell us about that in the comments below. Or else follow this article to know more about the security token offering and launch