Topic: How does ICO work? (Read 456 times)
Sending money to someone, than waiting for 2-6 months in better case , then buy it on exchange more cheeper than you buy on ICO )), or holding it for years .
In a nutshell, it is a brilliant new method of crowdsourced fundraising. Although it is specifically used for blockchain startups today, many companies will likely explore its usage in 2018.
Hello everyone,
Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
Thank you and forgive me if i did any mistake.
Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
Thank you and forgive me if i did any mistake.
The group of people unites and takes a decision to develop a project that is unique (in their opinion). In ideal, this project must be beneficial to all.
They organize an ICO and persuade people investing into their project to get bonuses in future. Each investor gets the so-called tokens. These tokens can be further exchanged for some services of the company, products or even crypto.
The ICO coins are shared between those, who joined the project and invested into it also.
ICO is the crowdfunding of the blockchain.
People show their projects, ask for investors and investments. Some people will believe in what the dev built, and will invest money, to let them grow. Then, the coin will take value or not. That's like in life, some projects will fail, some other will raise !
People show their projects, ask for investors and investments. Some people will believe in what the dev built, and will invest money, to let them grow. Then, the coin will take value or not. That's like in life, some projects will fail, some other will raise !
ICO which stands for Initial Coin Offering is quite similar to IPO (Initial Public Offering) for stock market, which means a form of crowdfunding to attract investors about their products and services or their projects that they are going to build, like a power utility project where a token of a cryptocurrency was used as a form of exchange of buying or paying a utility instead of fiat form.ICO are very popular for a startup company but due to its widely abused by some scammers some countries implement regulation about ICO.
Initial Coin Offerings is an alternative form of crowdfunding which is out of the traditional financial system. The model help a lot of successful projects and companies get the funding required to start their business.
Create projects that solve problems and have great business potential ==> Project & business plan ==> Create a website, whitepaper, roadmap to provide information about the project ==> Started ICO and after ICO the team will work on the planned project.
In a short way, ICO works when a team make a new project and new coin. You can buy their coin, or join their project so you can get some coin. Someday, you can sell their coin in the market, and gain money.
When a team has idea with the project, they provide initial coin offering (ICO) for those who are interested in. What is the difference buying coins during ICO and after ICO? If coins are bought during the ICO it gives buyers some advantages like bonuses or some discounts.
i think it doesnt depend on your knowledges in this area.. try to visit the covferences like the one of the worth of them is BlockshowAsia. I think that similar meetings can help u to understand the situation on marketplace, ICOs, blockchain and etc ANd the most major thing is- contacts!
you cfn meet there very useful persons
you cfn meet there very useful persons
In a short way, ICO works when a team make a new project and new coin. You can buy their coin, or join their project so you can get some coin. Someday, you can sell their coin in the market, and gain money.
Hello everyone,
Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
Thank you and forgive me if i did any mistake.
From what i understant the way a ICO works is like a multinational company.Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
Thank you and forgive me if i did any mistake.
The leading board are the initial team and the token buyers are the shareholders.
When you buy in a ICO you actually buy shares in a project you believe in. Some projects even offer quarterly payments for holders. The only thing that isn`t like a comapny is that shareholders can`t vote in the comany.
If i remember correctly The Dao project was based on that. The holders could vote for wich project to finance.
Hello everyone,
Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
Thank you and forgive me if i did any mistake.
Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
Thank you and forgive me if i did any mistake.
I believe there are good answers posted already about what is ICO. My two cents: as it seems to me, because of the steady growth of ICOs nowadays, there are several parts of the project that can make good ICO happen:
1. team
2. unique idea and vision
3. prototype
4. smart marketing
5. strong community
If all of this parts come together, there is a chance of nice and profitable long-term ICO.
ICO works when a team will come up with a project, develop a coin, present a white paper which consists of there plan of the said project. Once the ico started, every one could buy tokens before it will be released to the market. So that means you could buy those at a lower price. So more chances of gaining once the project would succeed. Then after ICO, the tokens would be introduced to markets, it depends if which market they plan to join, from there, you could sell the your tokens and gai from it.
Many coins are introduced daily into the market so we can't say all will give good profit to us.The success of an ICO is mainly depend on the development which needs to take their token to the world market and attract investors to them and make demand for their coins to get succeeded in their project so it needs lot of effort to be a successful ICO project.So do research about the development team before investing on their tokens if the project get succeeded your tokens will get good worth in future.
Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
An ICO is a method of crowdfunding a project in order to pay for the costs of development, management, promotion of the project. What the team does is they have a goal in mind and to execute the goal they need money. If they are willing to allow people to crowdfund - then these "investors" need a method to be recognized as well. So the team develops "tokens" on some blockchain be it Ethereum or Waves or Omni. Then these tokens are sold in a public crowdsale to fund the project. Investors get their tokens for a price and these they can sell on exchanges or use for purposes in the platform which has been developed by the team (like an early bird offer).
It is the stage of offering coin out initially to early investors and will increase immensely if the dev and the community stick together.
Hello everyone,
Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
Thank you and forgive me if i did any mistake.
Firstly, A team of people will come up with an idea or a concept, the project will need to have it's own coin developed. The vision and mission of the team will be printed on a digital whitepaper, this will include roadmaps and a detailed explanation of what the team is planning to offer.Hope you are doing good there. I want to know that how does ICO works? And after ICO what will they do? Please kindly answer me.
Thank you and forgive me if i did any mistake.
Eventually, with the right guidance from the board of members and advisory team of that particular ICO, they will start what we all know as PRE-ICO or ICO, where the community will be able to purchase tokens usually with other cryptocurrencies or fiat.
They can participate in bounty programs or collect airdrops from these ICO's. The tokens are purchased at a lower price during ICO phase, and cheaper during PRE-ICO.
The more followers the project or in this case ICO has, the higher the possibility of it succeeding.
Finally, the ICO phase will end, and if successful, the token will be introduced to the crypto market, and then you will have yourself another Altcoin, like Ethereum, Litecoin, Dogecoin etc etc...
ICOs are start up companies that are raising coins to fund their projects based on blockchain tech.
After ICOs end, the company uses the funds to develop the product - as per their development roadmap.
After ICOs end, the company uses the funds to develop the product - as per their development roadmap.
It depends alot on the ICO what they will do. Usually they hit the exchanges and distribute the coins. Which ICO are you interested in?
New ICO means new altcoins, the startup of a crypto company with a new digital currency with a new product of different types, a fund rising strategies, they will offer ICO to the crowd to build awareness of their projects.
That simple think you must use to Understanding ICO.ICO are the way of company to Promoted their Product.
but they need some BIG FUND to release that. so they made an ICO with good whitepaper, website , and many ways to make sure an Investor to Join.
If the Product are awesome , The Investor must be interested. then , if the ICO reach their SOFT CAP. so the ICO are Sucess.
but they need some BIG FUND to release that. so they made an ICO with good whitepaper, website , and many ways to make sure an Investor to Join.
If the Product are awesome , The Investor must be interested. then , if the ICO reach their SOFT CAP. so the ICO are Sucess.
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