An ICO is an initial coin offering (first sale) for an Alternative currency to bitcoin (Alt coin). Does that make it clearer for you friend? Cheers!
Crystal
Topic: Need some clarification (Read 280 times)
Crystal
An ICO is an initial coin offering (first sale) for an Alternative currency to bitcoin (Alt coin). Does that make it clearer for you friend? Cheers!
Thank you for taking the time to try and figure out my jibberish (still a noob). But the links you both have posted will be helpful in my further understanding.
You might enjoy this article about ICO https://themerkle.com/cryptocurrency-ico-education-the-basics/ .
Basically, an ICO is a Kickstarter or fundraiser and their is no guarantee on any kind of gains, which creates a risk for the investor. As an investor, you will be given tokens almost like shares I think of it, but the value of the tokens could be nothing.
Alt currency, I think you are talking about crytpocurrency? Depending on what kind of crypto you purchase, they have different functions, but they ultimately have some kind of cash value and are easier to liquidate then an ICO. The safer investment would be the cryptocurrency since they normally contain a tradeable value.
Basically, an ICO is a Kickstarter or fundraiser and their is no guarantee on any kind of gains, which creates a risk for the investor. As an investor, you will be given tokens almost like shares I think of it, but the value of the tokens could be nothing.
Alt currency, I think you are talking about crytpocurrency? Depending on what kind of crypto you purchase, they have different functions, but they ultimately have some kind of cash value and are easier to liquidate then an ICO. The safer investment would be the cryptocurrency since they normally contain a tradeable value.
How does ICO and Alt Currency differentiate? Does that make it a clearer what I am looking for?
What do you mean? ICOs and altcoins are two different things. ICO, which is also usually termed as "token sales" means Initial Coin Offering/s. ICOs are sort of like crowdfunding, whereas you get a certain amount of a certain cryptocurrency in exchange for your offering (usually bitcoin and ethereum).
Are ICOs profitable? It completely depends on the cryptocurrency, but most are since prices usually go higher after those cryptocurrencies or altcoins hit exchanges.
More in-depth definition of ICOs: https://en.wikipedia.org/wiki/Initial_coin_offering
You can view ICOs here: https://bitcointalk.org/index.php?board=159.0
How does ICO and Alt Currency differentiate? Does that make it a clearer what I am looking for?
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