Understand ICO bases (initial coin offers) and sales of chips
The cryptocurrency world has been growing rapidly in recent years, and millions of people worldwide are investing in new coins and chips. These investments include the initial coin offer (ICO) – a platform used to accumulate funds for cryptocurrency projects, issuing unique digital chips for their investments for their investments.
In this article, we dive into the basics of ICO and token sales, explaining who they are, how they work, and the benefits and risks associated with them. We will also provide popular cryptocurrencies and chips for ICOs, as well as a manager in searching and evaluating lawful ICO projects.
What is the original coin offer (ICO)?
The initial offer of coins is a process in which a company or individually issues a new digital currency called the access key, an investor in exchange for their investment. Token reflects the project’s property and can be used to facilitate operations on the blockchain network. ICO was first introduced in 2014. With Bitcoins and since then cryptocurrency enthusiasts have become more and more popular.
The process usually includes the following steps:
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- ICO Sales : Investors can buy chips at an initial price that may be significantly lower than their market value.
- Distribution of chips : The tokens are distributed between investors in proportion to the size of their investment.
How does ICO work?
Here is a comprehensive division of the ICO process:
- Pre -Sale : Potential investors can buy chips at an early stage, often at a higher price.
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- Token List : The token is indicated in exchange and wallets in cryptocurrencies.
- Distribution : Tokens distributes between investors by their investment.
Investment in the benefits of ICOS
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Unique investment option : Investing in ICO gives you a unique opportunity to have a new and innovative piece of cryptocurrency or access key.
Risk associated with investing in iCO
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- Lack of Transparency : Some ICOs may skip clear information about the project development team, business model or financial situation.
- Security Risk
: Investing in digital chips poses a security risk such as hacking and fraud pretending to attack.
Popular cryptocurrency and chips
- Bitcoin (BTC) : First and best known cryptocurrency.
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- Litecoin (LTC) : Blockchain Ethereum uses a mutual payment system.
- Monero (xmr) : Private and safe cryptocurrency, known for its advanced ways of encryption.
How to find and evaluate legitimate projects ICO
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