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Description

Everything you Need to Know about ICOs

An ICO, which is the acronym for “Initial Coin Offering”, is a method of fundraising in which a new cryptocurrency project will raise money by selling their underlying crypto tokens for Bitcoin or Ether. It’s a new method of crowdfunding made possible with blockchain technology, presenting immense opportunities for entrepreneurs and new projects which before were not possible.

People participate in ICOs because they present an opportunity to buy the projects underlying crypto tokens at a discounted price. When the project launches and makes their crypto tokens available to everyone through exchanges, the price of the project’s crypto token will hit exchanges higher than the ICO price and will either go up or down from there. Therefore, investing in ICOs are of high risk, but also present a potentially very lucrative investment opportunity.