Sunday 5 August 2018

What is ICO and how it works?


ICO  is selling a new digital currency at a discount or a token as part of a way for a company to raise money. If the cryptocurrency succeeds and appreciates in value  often based on speculation, just as stocks do in the public market the investor has made a profit.
In the stock market, the token does not confer any ownership rights in the tech company or entitle the owner to any sort of cash flows like dividends. Buyers can range from established venture capitalists and family offices to less wealthy cryptocurrency zealots.
Investing in a digital currency is extremely high-risk more so than traditional startup investing but is motivated largely by the explosive growth in the value of bitcoins, each of which is now worth around $4,000 at the time of publication. That spike helped introduce both fanatics and professional investors to ICOs.
We’ve seen over $2 billion in token sales in about 140 ICOs this year, according to Coinprice, quieting arguments made by some that ICOs are merely a flash in the pan likely to fade any minute now when a new fad emerges.
It can feel like ICOs are everywhere at least  a few typically begin every day. Buyers during a presale period might email a seller and personally conduct a transaction. Later on, a purchaser tends to use a website portal, hopefully one that requires an identity check like Emma Channing.
The froth and the attention around ICOs is masking the fact that it’s actually a very hard way to raise money.”
“I don’t think that there’s been an obsession of Silicon Valley that has overtaken seed and angel investing in a single year,” said Channing, who helps companies execute ICOs. She argues: “I don’t think Silicon Valley has ever seen anything quite like ICOs.”
Channing said it is possible that more than $4 billion will be raised through ICOs this year. But she advises that ICOs are typically only successful for the very small number of companies that have “blockchain technology at their heart.” ICOs commonly fail when that’s missing or when the marketing and message are poor.
The froth and the attention around ICOs is masking the fact that it’s actually a very hard way to raise money.


There's very little regulation on ICOs in America, meaning as long as you can get the tech set up you're free to try and get your currency funded. Right now cryptocurrency as a whole is kind of like the wild west there's gold in the hills and relatively little law to speak of. This can work in your favor or it can lead to getting swindled. Of all avenues of funding, an ICO is probably one of the easiest to set up as a scam. Since there's no regulation there's nothing stopping someone from doing all the work to make you believe they have a great idea, and then absconding with the money.
 The first thing to do is make sure that the people putting up the ICO are real and accountable. In the internet age its beyond easy to find a stock photo and put together a convincing website, so going the extra mile is important. Some things to look for: What history do the product's leads have with crypto or blockchain? If it looks like they don't have anyone with relevant experience that can be easily verified, that's a bad sign. 


x


Monday 16 July 2018

Why To Invest In ICO


ICO is the short form of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. Since 2013 ICOs are often used to fund the development of new cryptocurrencies. (Crypto Market Cap)
If there's been one word on the lips of everyone in finance this past year, it's cryptocurrency. If you've been kicking yourself for not getting in on the ground floor of blockbuster coins like Bitcoin and Ethereum, you might want to consider looking into investing in an Initial Coin Offering . ICOs are highly risky even under the best of circumstances, and have a high potential for scams.

The most important thing you want to do is make sure that either you or someone involved have worked in and understand cryptocurrency and blockchain. Even if anyone can make an ICO, it doesn't mean that everyone should. You need to be able to answer questions on the spot about every little detail pertaining to your ICO.You should also ask yourself if you really think that your business will actively benefit from an ICO Trading.


 ICOs are an incredibly new way of raising money, and everyone is trying to adapt to the new ways without getting screwed over. If you think you're able to make a killing on a promising new ICO, just make sure to do your homework beforehand. Cryptocurrency is all about high risk, high reward, and ICOs are no different. 
An initial coin offering (ICO) or initial currency offering, a type of crowd funding using crypto currencies is a means of raising capital that has been prone to scams and securities law violations. Fewer than half of all ICOs survive four months after the offering.