So what is an ICO? An initial coin offering (ICO) is an unregulated means of crowdfunding that is typically conducted via a crypto currency blockchain or custom website built solely for this purpose. These sites truly are amazing and very diverse in their nature, not to mention style and functionality as well. Early ICO’s were often organized just for funding the development of actual new crypto currency tokens/chains, but modern ICO’s have become incredibly elaborate, with separate budgets for marketing, community growth and so on. There are highly different incentives built into many of these crowdsales, for miners, node operators, and investors alike.
Why participate in an ICO? Buying into an ICO typically give a person a much larger volume of coins for the money in order to reap the highest rewards when the coin is mined and goes public on the exchanges. There is a greater risk as this is not regulated and many coins can fail quickly if they are not quality projects.
Website to keep up to date on ICO’s https://www.icoalert.com/
Please contact us for a free guide to evaluating ICO’s to learn more details to do your own evaluation of an upcoming ICO project.