Cryptosmart has launched a new service: the creation of corporate tokens.
With this new feature, companies can now create their own token and list it on the exchange.
Cryptosmart assists companies that want to create their own token all the way from A to Z, i.e., all aspects involved in creation and listing, from technological to legal and tax aspects, as well as financial and marketing matters.
This includes everything from the definition of the whitepaper and tokenomics to the software development of the Smart Contract and dApps, thanks in part to legal and tax consultants specializing in crypto regulations, and marketing experts to bring the token to success.
Cryptosmart’s new feature
But why should a company create its own token?
The first simple goal might be to raise capital. In fact, the creation of a utility token allows an asset to be placed on the market that investors can buy thereby financing the company’s project. This is generally the main reason, but it is not the only one.
In fact, issuing one’s own token can also simply allow one to increase turnover, because the sale of tokens can in effect be turnover.
In addition, the marketing and communications activity required to successfully launch a token increases brand visibility, and qualifies the company as an innovator in technology.
But there are other possible benefits as well.
For example, a utility token can enable the creation of customer loyalty campaigns, such as by issuing benefits and perks aimed at the best customers to keep them close to the brand, or by having them participate in company initiatives.
Furthermore, thanks to tokenization, it is possible to make illiquid assets liquid, that is, to render assets monetizable and exchangeable in the market, assets that by their nature are not, such as real estate or infrastructure.
What is actually most interesting is that all of these goals can also be achieved together, that is, the issuance of a corporate token can also serve both to raise funds and to increase turnover, and perhaps at the same time at a later stage also to build customer loyalty. Asset tokenization can also be useful towards all of these things combined.
Moreover, Cryptosmart also offers companies that already have their own tokens the opportunity to apply for listing on the exchange, so they can make them easily exchangeable for their holders.
Anyone can ask Cryptostmart for a free consultation on how to concretely create and launch their own bespoke token, and list it on the exchange, by filling out the appropriate form found on the official website page describing this new service.