Month 1: Project Planning and Team Formation
• Define Vision and Mission: Clearly outline the purpose of CMO Token, focusing on enabling direct cash-out to bank accounts.
• Form Core Team: Assemble a team with expertise in blockchain development, finance, legal compliance, marketing, and community management.
• Conduct Market Research: Analyze the competitive landscape and identify target users and potential challenges.
Month 2: Technical Setup and Initial Development
• Choose Blockchain Platform: Decide on Solana due to its high transaction speed and low costs.
• Set Up Development Environment: Establish the technical infrastructure and development environment.
• Smart Contract Development: Start coding the CMO Token smart contracts, focusing on Solana’s SPL token standard.
• Wallet Integration: Begin developing or integrating a wallet solution compatible with Solana.
Month 3: Regulatory Compliance and Legal Framework
• Legal Consultation: Consult with legal experts to ensure compliance with relevant financial regulations.
• Establish Entity: Register a legal entity for the CMO Token project.
• Draft Whitepaper: Write a comprehensive whitepaper detailing the technical, financial, and regulatory aspects of CMO Token.
Month 4: Prototype and Initial Testing
• Develop Prototype: Create a basic version of the CMO Token and deploy it on Solana’s testnet.
• Internal Testing: Conduct initial tests to ensure the smart contracts function correctly.
• Security Audit: Engage third-party auditors to review the smart contracts and overall security.
Month 5: Community Building and Marketing Kickoff
• Website and Social Media: Launch an official website and create social media profiles.
• Community Engagement: Start engaging with potential users and investors on forums like Reddit, Discord, and Telegram.
• Marketing Campaign: Begin a marketing campaign to generate interest and attract early adopters.
Month 6: Pre-Sale and Continued Development
• Pre-Sale Launch: Conduct a pre-sale of CMO Tokens to raise initial funds.
• Feedback Loop: Collect feedback from early users and testers.
• Enhance Features: Continue developing key features based on feedback and initial testing.