There is so much talk in the Cryptocurrency space right now about The ICO, but what is it?
ICO first of all stands for Intial Coin Offering.
An ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for money today. ICOs provide a way for cryptocurrency project creators to raise money for their operations. Most ICOs raise money in Bitcoin or other cryptocurrencies.
The ICO usually takes place before the project is completed, and helps fund the expenses undertaken by the founding team until launch. For some of the larger projects, part of the ICO money goes into a foundation that provides ongoing support to the project. They also work as an initial distribution model for the cryptocurrency tokens.
The ICO participants are investing in the success of the project. They can help get the word out and raise awareness in the broader community. They also provide early liquidity for the cryptocurrency tokens when they start trading. The ICO participants are also usually motivated by a profit potential if the project takes off and the tokens become worth more than the ICO price.
ICO “coins” are essentially digital coupons, tokens issued on an indelible distributed ledger, or blockchain, of the kind that underpins bitcoin, a crypto-currency. That means they can easily be traded, although unlike shares they do not confer ownership rights. […] Investors hope that successful projects will cause tokens’ value to rise.
ICO’s are clearly the hottest topic right now. Please do your own due diligence and research into the product that you are looking to enter with. After all no one wants to lose their Cryptocurrency coins, they can be very high risk.
Not all the ICO’s have worked out and you could be swimming with the sharks in very murky water.
Saying that though Initial Coin Offerings are now going to open opportunities that companies they have never had before. Investors will have the chance to add to projects that are gaining success and adding to a good cause that is already worth while.
Disclaimer – Any investment you make is solely your choice, and we take no responsibility of your actions. This can be a very risky space, do your research.
The Crypto Pro’s
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