the word ICO comes from the word IPO which is Initial public offering where the company in stock market starts selling its share initially on the market. the difference is that the company doing IPO is an actual company that is legit, registered and has employees and everything! in an ICO it is done by some kid trying to make some money by scamming people and all you need is minimal programming knowledge to copy paste some code. and it has only been used for raising funds. everything else (gaming , gambling , ecommerce , exchange,...) are just an excuse to make it look legit.
Topic: Is ico meant for new coins or blockchain related projects only (Read 128 times)
Exact answer that i was looking for. So cant an actual company working for a real project can raise funds via ico. Ico should mean decentralized in terms that anyone around the world can actually invest in a real company without gov boundations. Not that just fork a coin or create a token on ethereum and you are good to go to scam a lot of people.
December 11, 2018, 01:16:54 AM
the word ICO comes from the word IPO which is Initial public offering where the company in stock market starts selling its share initially on the market. the difference is that the company doing IPO is an actual company that is legit, registered and has employees and everything! in an ICO it is done by some kid trying to make some money by scamming people and all you need is minimal programming knowledge to copy paste some code. and it has only been used for raising funds. everything else (gaming , gambling , ecommerce , exchange,...) are just an excuse to make it look legit.
December 11, 2018, 12:00:19 AM
So why dont the buyers of that coin gets profit from margins of the project like happens in IPO.
I think it is meant only for new coins or blockchains, because like its meaning, Initial Coin Offering. It is a project proposal that then need to sell their coins to fully develop their project. I have never seen already established coin and still on the ICO.
December 10, 2018, 07:58:06 PM
I think it is meant only for new coins or blockchains, because like its meaning, Initial Coin Offering. It is a project proposal that then need to sell their coins to fully develop their project. I have never seen already established coin and still on the ICO.
December 06, 2018, 02:06:13 PM
What type of coins or i prefer it to be called as a bond or contract should be preferred in this situation. And does it need to be tradeable on large exchanges even if it is not meant for that purpose. How can one distribute the profit to the investors / holders in this case as the bond is not listed on some exchange and distributing profit in form of bonds or coins is useless if its not tradeable. I want it to be tradeable on just one marketplace so that the price remains non volatile even if btc or other crypto goes up or down and price gets determined by project success .
ICO stands for Initial Coin Offering so which is a term related to the crypto currency field but when you say you can follow this to any other field yes we can if there are people who are ready to invest on your project.And this thing is already happen in this world but not in the term ICO when it comes to any other field than ICO so we need a word to term then we can find where these are involved.
December 06, 2018, 01:51:22 PM
ICO stands for Initial Coin Offering so which is a term related to the crypto currency field but when you say you can follow this to any other field yes we can if there are people who are ready to invest on your project.And this thing is already happen in this world but not in the term ICO when it comes to any other field than ICO so we need a word to term then we can find where these are involved.
December 06, 2018, 01:47:47 PM
Hello ,
I saw and read many ico whitepapers and almost all are related to either launch of a new coin or for some project that is blockchain technology based , be it gaming , gambling , ecommerce , exchange or anything. Cant we use ico for funding real life projects like for funding startups , ventures or for creating a new app , starting a new website or hotel etc. The IPO does same and its value goes up when the company earns profit and via trading too , whereas it counts just trading in ICO or in most of ICO. Looking for your views on this.
I saw and read many ico whitepapers and almost all are related to either launch of a new coin or for some project that is blockchain technology based , be it gaming , gambling , ecommerce , exchange or anything. Cant we use ico for funding real life projects like for funding startups , ventures or for creating a new app , starting a new website or hotel etc. The IPO does same and its value goes up when the company earns profit and via trading too , whereas it counts just trading in ICO or in most of ICO. Looking for your views on this.
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