The definition of ICO

ICO is the abbreviation of Initial Coin Offering, a revolutionized way to raise funds for based on cryptocurrency projects by releasing tokens.

Most successful ICO

Ethereum project is one of the most successful ICOs. It raised $18 million in ICO and reached over $30 billion market cap in 2017.

ICO Period: 20 July 2014 – 2 September 2014

Funds gathered (USD): $18,439,086

Funds gathered (BTC): 31,529.49

Tokens distributed: 60,000,000

Profit percentage (In BTC): 3900%

How does ICO work?

Announce

ICOs are usually announced on cryptocurrency forums such as Bitcointalk, where the significant information including the team idea , a whitepaper, timelines, goals and other documentation will be presented.

Process

•Choose an upcoming ICO with transparent and comprehensive details.

•Buy the ICO tokens with Bitcoin (BTC) or Ether (ETH) .

•Earn profits when ICO tokens get listed of cryptocurrency exchanges to trade against other cryptocurrencies.

Whats the advantages and risks of ICOs?

ICO is a great way to bootstrap a blockchain-based project and gain the initial capital necessary to gather a talented team and get started.

Advantages

•ICOs provide an alternative way of crowdfunding.

•An professional and experienced team will make your funds in good hands.

•The open-source nature of ICOs will cater to the preferences of more targeted audiences.

Risks

•The price of ICO is fluctuating.

•Some ICOs are outright Scams.

•There are no laws governing ICOs currently.

•There is no guarantee that all the project details are 100% real.

What is the difference between IPO and ICO?

IPO VS ICO

IPO (Initial Public Offering) implies the first sale of stock issued by a company to the public.

ICO (Initial Coins Offering) implies the first sale of a new coin issued by a startup cryptocurrency company to raise funds.

Summary

ICOs provide a popular way for cryptocurrency project creators to raise money and undertake the expenses. All investors may get high returns if they select notable and dynamics ICOs. However, the participants also have to bear the high risks since there is no such thing as a free lunch.


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