What is an ICO

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 

P.S 

Please like and share this if you get value from it 

You may also like this – https://thecryptoproezine.com/2017/06/21/monaco-visa-card-launched-for-bitcoin-ethereum/ 

If you would like to contact us please do so here –

Twitter @TheCryptoPros

Facebook ‪https://www.facebook.com/cryptopros11/‬

Youtube ‪https://www.thecryptoprostv.info‬

Blog http://www.thecryptoproezine.com full of training and information  

About The Crypto Pro's (28 Articles)
We are the Crypto Pro's team educating and training people on the new currency & economy t come. There is about to be a major shift in the world that will impact many lives. This is the biggest invention of our lifetime so far & we want to help you understand how it works and how you can benefit from this too. Cryptocurrency & the Blockchain will change the world as we know it. So take your time to go through the training's and articles we are here to help you all the way.

2 Trackbacks / Pingbacks

  1. Google & Richard Branson help Bitcoin wallet Blockchain raise $40 million  – The Crypto Pro's
  2. -Will Ethereum take over Bitcoin? – The Crypto Pro's

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: