ICO help | Bitcointalksearch.org

Svandis

jr. member

Activity: 76

Merit: 2

Quote from: DianeDeziree on December 28, 2017, 07:15:59 AM

Hey guys!

Can someone pls explain to me what does ICO means and what is its relationship with BTC exactly?

Initial Coin Offering. You can also find another acronym that might embarrass you - TGE means Token Generation Event

Both means that company/project sell their coins/tokens to rise funds to create/develop their products

SayNumo

jr. member

Activity: 62

Merit: 3

Quote from: Timeme on January 06, 2018, 02:32:33 AM

Quote from: SayNumo on January 02, 2018, 07:15:07 PM

Quote from: goldrush777 on December 30, 2017, 06:02:23 AM

Quote from: SayNumo on December 29, 2017, 12:48:57 PM

Also to add, an ICO is often used interchangeably with "token sale", which is what it essentially is. For regulators, the term "ICO" ("ïnitial coin offering") is too close for comfort to "IPO" ("initial public offering", the process of taking a company public to trade its shares on stock exchanges) which has prompted some countries to treat token sales as equity offerings and block or hinder them as a result. ICOs generally don't give away company equity, just tokens to be utilized in their future product.

So, if I buy a token in ICO, I don't buy a part/share of that company as it would happen in IPO? Then what's in it for me.. I mean just the tokens to be used in their future product and funding their business (while they make millions) doesn't sound fair..

Have I got this wrong?

Correct. You are essentially crowdfunding the business idea or a new project, in the hopes that the product is built, the project is successful, and the tokens you own appreciate in value to give you a return on your investment. That's the hope. No one (okay maybe some, but very few) buys tokens just to be able to use them up later... Most token buyers hope for a big break for the token/coin they've invested in to profit from it in future.

So the ICO model is what I think is a modern ponzi scheme, and I think the countries need to regulate the ICO.

Well, not all token sales are ponzi schemes. Some set very reasonable hardcaps that allow them to collect just enough funds to deliver the product. But you are entitled to your opinion of course.

rhyoanime

full member

Activity: 518

Merit: 100

https://www.empirehotels.io/

Quote from: DianeDeziree on December 28, 2017, 07:15:59 AM

Hey guys!

Can someone pls explain to me what does ICO means and what is its relationship with BTC exactly?

ICO itself is a fundraiser for building applications related to Blockchain and its implementation such as bitcoin, smart contract, and smart ledger. Many developers use this method to raise funds to develop their projects.

its connection with bitcoin is due to invest in ICO. we use bitcoin and now many are using another coin.

SaoAccel

member

Activity: 378

Merit: 16

ICO means Initial Coin Offering this is the release of any tokens by any company or a beginning to support future costs when launching/promoting the project in the form of cryptocurrency,for example Trendit tokens or Viberate token.

Timeme

jr. member

Activity: 84

Merit: 1

Quote from: SayNumo on January 02, 2018, 07:15:07 PM

Quote from: goldrush777 on December 30, 2017, 06:02:23 AM

Quote from: SayNumo on December 29, 2017, 12:48:57 PM

Also to add, an ICO is often used interchangeably with "token sale", which is what it essentially is. For regulators, the term "ICO" ("ïnitial coin offering") is too close for comfort to "IPO" ("initial public offering", the process of taking a company public to trade its shares on stock exchanges) which has prompted some countries to treat token sales as equity offerings and block or hinder them as a result. ICOs generally don't give away company equity, just tokens to be utilized in their future product.

So, if I buy a token in ICO, I don't buy a part/share of that company as it would happen in IPO? Then what's in it for me.. I mean just the tokens to be used in their future product and funding their business (while they make millions) doesn't sound fair..

Have I got this wrong?

Correct. You are essentially crowdfunding the business idea or a new project, in the hopes that the product is built, the project is successful, and the tokens you own appreciate in value to give you a return on your investment. That's the hope. No one (okay maybe some, but very few) buys tokens just to be able to use them up later... Most token buyers hope for a big break for the token/coin they've invested in to profit from it in future.

So the ICO model is what I think is a modern ponzi scheme, and I think the countries need to regulate the ICO.

klub88

member

Activity: 252

Merit: 11

ICO is Initial Coin Offering, ICO is one of the ways for new developer(startup) to get participation from the public. ICO will create whitepaper. In a whitepaper develover will give you information about the project, objectives, project team, how much money the project requires, how many coins are made to offer, timing token sale, and others. and you must know ICO dont have relationship with BTC

Tomohisa

full member

Activity: 360

Merit: 100

Quote from: DianeDeziree on December 28, 2017, 07:15:59 AM

Hey guys!

Can someone pls explain to me what does ICO means and what is its relationship with BTC exactly?

Initial Coin Offering, plenty blog explain about this already.

BaeNaNa

full member

Activity: 286

Merit: 100

Cryptics

Quote from: DianeDeziree on December 28, 2017, 07:15:59 AM

Hey guys!

Can someone pls explain to me what does ICO means and what is its relationship with BTC exactly?

Basically it's a fund raising event for startup, a little bit similiar to IPO but in ico the buyer doesn't own part of the company. They only buy the coin that can be used in the company platform ecosystem. A lot of ico accept bitcoin, ethereum and other crypto, they are going to make a crypto project so it's a given that they want bitcoin to get started.

shaun98

member

Activity: 238

Merit: 10

It stands for Initial Coin Offering, and is similar to an IPO, whereby instead of company shares, the company offers tokens to investors in the hope that these tokens will rise in value. However, there are many ICO's taking place nowadays and it is best to buy in to one with caution.

Maian

full member

Activity: 257

Merit: 100

Quote from: DianeDeziree on December 28, 2017, 07:15:59 AM

Hey guys!

Can someone pls explain to me what does ICO means and what is its relationship with BTC exactly?

Is a abbrevation of initial coin offering. It means theres someone investor some unit of a new crypto-token in exchange againts cryptocurrency like bitcoin or ethereum.

pelipurlara

member

Activity: 364

Merit: 10

Quote from: DianeDeziree on December 28, 2017, 07:15:59 AM

Hey guys!

Can someone pls explain to me what does ICO means and what is its relationship with BTC exactly?

ICO is usually offered by the developers where their goal is to raise funds to develop the project they do in this case is a digital coin and bitcoin is the digital currency

ORiN

sr. member

Activity: 532

Merit: 250

ICO - is the release of tokens by any Internet company or a start-up to finance future costs when launching and promoting the project in the form of cryptocurrency,for example bitcoin.

NLO

member

Activity: 448

Merit: 10

MenaPay - Crypto made easier than cash

ICO-program to promote tokens on the market (signature, twitter, facebook)

ghonkz

full member

Activity: 459

Merit: 117

All post above me allready explain alot what is ICO and how its work, you just need to know every details about that project before try to invest in it, dont buy cat in the bag Wink

and never get fooled for fast profit or that ponzi lending platform ICO.

SayNumo

jr. member

Activity: 62

Merit: 3

Quote from: pmtxcrypto on January 02, 2018, 07:48:04 PM

Agree most are trying to turn $1 into $10000. There are a lot that will never develop and some are looking to get free $$$. Do your research, look at whitepapers, google em, look here, reddit, twitter etc. Look up their principles in places like LinkedIn, and validate that they are real and not some stock photo with fake credentials. Some ICOs are restricted based on where you live, how much you will invest, what currency you are using EUD, USD, BTC, ETH etc. Some will give you a bonus depending on what you invest, if you are socially active, referral etc. There are tons of projects out there and some good opportunities. Find something you are passionate about or interested in and research ICOs in that area.

Sound advice! Lots of ICOs are in it to make a quick buck and run. Still there are lots who are legit trying to get something off the ground but may still fail. Do your homework before buying tokens and never forget that it's a gamble.

KevenDabid

member

Activity: 196

Merit: 10

ICO is a company that sells its own tokens to get some of your funding, friends please note that the current ICO risk is still very high.

pmtxcrypto

newbie

Activity: 38

Merit: 0

Agree most are trying to turn $1 into $10000. There are a lot that will never develop and some are looking to get free $$$. Do your research, look at whitepapers, google em, look here, reddit, twitter etc. Look up their principles in places like LinkedIn, and validate that they are real and not some stock photo with fake credentials. Some ICOs are restricted based on where you live, how much you will invest, what currency you are using EUD, USD, BTC, ETH etc. Some will give you a bonus depending on what you invest, if you are socially active, referral etc. There are tons of projects out there and some good opportunities. Find something you are passionate about or interested in and research ICOs in that area.

SayNumo

jr. member

Activity: 62

Merit: 3

Quote from: goldrush777 on December 30, 2017, 06:02:23 AM

Quote from: SayNumo on December 29, 2017, 12:48:57 PM

Also to add, an ICO is often used interchangeably with "token sale", which is what it essentially is. For regulators, the term "ICO" ("ïnitial coin offering") is too close for comfort to "IPO" ("initial public offering", the process of taking a company public to trade its shares on stock exchanges) which has prompted some countries to treat token sales as equity offerings and block or hinder them as a result. ICOs generally don't give away company equity, just tokens to be utilized in their future product.

So, if I buy a token in ICO, I don't buy a part/share of that company as it would happen in IPO? Then what's in it for me.. I mean just the tokens to be used in their future product and funding their business (while they make millions) doesn't sound fair..

Have I got this wrong?

Correct. You are essentially crowdfunding the business idea or a new project, in the hopes that the product is built, the project is successful, and the tokens you own appreciate in value to give you a return on your investment. That's the hope. No one (okay maybe some, but very few) buys tokens just to be able to use them up later... Most token buyers hope for a big break for the token/coin they've invested in to profit from it in future.

goldrush777

newbie

Activity: 4

Merit: 0

Quote from: SayNumo on December 29, 2017, 12:48:57 PM

Also to add, an ICO is often used interchangeably with "token sale", which is what it essentially is. For regulators, the term "ICO" ("ïnitial coin offering") is too close for comfort to "IPO" ("initial public offering", the process of taking a company public to trade its shares on stock exchanges) which has prompted some countries to treat token sales as equity offerings and block or hinder them as a result. ICOs generally don't give away company equity, just tokens to be utilized in their future product.

So, if I buy a token in ICO, I don't buy a part/share of that company as it would happen in IPO? Then what's in it for me.. I mean just the tokens to be used in their future product and funding their business (while they make millions) doesn't sound fair..

Have I got this wrong?

Crypbull

member

Activity: 322

Merit: 16

ICO mean Initial coin offering (Token Sale)

There are some new project and people can Invest for that and They provide Tokens for the Invested Money, Here only deal with cryptocurrency like a money,
After the token sale The project release their toke to public market and then you can sell your own token and get your profit, There are some scam project also before the invest do your own research and take the risk, Always try to figure out ICO details

Topic: ICO help (Read 303 times)