How to Choose the Best STO Development Company ( Tips to find the best )
Selecting the right STO development company is crucial step for your success. If you choose the wrong development partner, then it can be a hassle. That’s why it’s extremely important that you choose the best STO development company from the start.
Understand how STO getting more attention to people :
Security Token Offering (STOs) a much hyped business of this year, seems arresting interest of the people in the panorama of cryptocurrency. It has become so popular that industry experts are seeing this as next market mover, having capability to capture a multi-trillion market.
As STO abide by the SEC regulations, it is considered to be safer alternate to ICOs and traditional shares. STO is bit efficient to be applied on use-case as its value is derived from the tradable assets that are being tokenized. Following the passing of Howey test, STO is being eyed by many finest crypto-currency wallets.
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How to select the best STO development company?
Not everyone can develop STO, which is flawless and efficient. It requires sound knowledge, research blend and an eye to every detail for doing this. There might be so many agencies available, but the aim should be finding out the gem in order to ensure success.
So, how to select the first-class STO developing company?
What features should it have in order to be non-comparable?
Here are some hints or better say tips which can guide us in choosing the finest company for STO development:
The STO development agency must follow the regulations stated by the concerned regulatory authority, security tokens being in accordance to federal security regulations. There are certain regulations, to which a security token company in US must follow. It must be checked that STO development company is registered and is adhering to one of the below mentioned regulations, keeping in mind the business requirements.
Regulation A+: A+ regulation enables the creator of the security, to issue to non-accredited investors, securities which are approved by SEC. The maximum investment limit is $50 million. This is the expensive of all regulations, as in this case the maximum time is needed to register the security.
Regulation D: In this regulation, SEC offers exemption from registration of specific offerings if the creator fills the form D after sale of security.
Regulation S: This regulation comes into picture when the security offering is to be done in country other than US.
Security tokens can be of various size, shape and forms. For example: tokenized equity, tokenized bond or a real estate project. It is must to see how the tokens are structured and offered by the Security Development Company; keeping in mind the nature and risk bearing capacity the one can choose from the available ones.
Another thing to be kept in mind while selecting the token development agency is it should have its own market and array of service. It is imperative to see, from the point of view of technical services it provides.
A good company can include, in its technical services, things like – smart contracts, financial regulations, actively maintaining codes, code testing and code auditing for security. Also, it should have dedicated and result-oriented team aiming to deliver best results to its clients.
Yet another feature, which a good STO development company possesses, is that it creates tokens using numerous issuance platforms.
There are any many services for security creation which a company may have; which includes following but is not limited to:
Tokens which are informed of KYC identity
Shifting from one blockchain platform to another
Whether STO or anything else, everything related to blockchain and cryptocurrency gets pumped from the same source and that is technology. It becomes a necessity to understand the underneath technology on which the agency is working to bring STO.
Whether it’s Polymath, Swarm or Harbor each one is bit different from other when it comes to technology use and implementation. So the best practice is to understand and gain insight about the technology being used.
In addition to above mentioned requirements, there are some more :
- Owner’s manual sounds outdated but it’s a project’s white paper, which not only explains the product, but everything, which makes the project complete in every sense. Just by going through it one can understand about the company and can envisage everything about it.
- Social media presence an important aspect in today’s digital world where everything is first searched online. These days, having a social media presence no more remains an option. It’s nice to check about the online presence of STO development agency. It does not provide overview rather it allows to get every bit of details like the business model, engagement level with clients and its popularity among them. It comes handy to compare their words with their particle approach and achievement.
- Most sought after thing is customer support/community management. STO work requires continues and non-exhaustive support and the agency must have in place the robust customer support and community management system in place. This should not be a single point cater system, but to be made available across social media platforms and related forums in combination with helpdesk numbers, so as to handle queries on prompt basis, no matter where the query has been raised.
Best place to develop STO/ICO business :
There are hundreds of ICO / STO development companies on the web. It’s important to choose carefully, because it can be difficult to get business success. All these above points are very necessary aspects which must be checked while selecting the STO Development Company so as to make the choice the best one.
Alwintechnologies – powers around 30+ certified STO/ICO developers with the most budget-friendly blockchain software development firm for business on the web.
If you want to start Security token offering, then you may find our ultimate guide on how to launch STO helpful because it walks you through everything step by step.