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What is ICO (Initial Coin Offering)

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2 years ago

ICO or Initial Coin Offerings are a new way to raise funds for all new cryptocurrency projects. These crowdfunding projects provide whitepaper which explains the objectives, goals, how much capital does it needs. They create ICO tokens to sell for mainstream cryptocurrencies like Bitcoin, Ethereum, and other cryptocurrencies, which signifies your contribution to the company. Interested investors can buy into the offering and receive a new cryptocurrency token issued by the company.

Offerings provide a list of opportunities for the investors to enjoy by obtaining new cryptocurrency for a low cost and get high returns in the future. Also, it grants access to those investors on their products and services which are an additional benefit. Since there are opportunities provided, these offerings also come with risks for token buyers. Where there is no guarantee of returns since there is no regulatory protection for the investors and limited transparency on the progress and development of the project. The risk of the project is a scheme or scam.

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You new.. ok.

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