What is ico? Ico can in full imply as initial coin offering
Is it a project? Well it personally is not a project but many projects run under the platform of ico
Is it a currency? Just as the answers to whether it's a project. Ico is not a currency but token are project though ico
Topic: What is ICO actually? (Read 551 times)
Just google, lots of info available: https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp
ICO is an event, sometimes referred to as "CrowdSale", where developers or startup companies release their own type of crypto for funding purposes. Usually, the developer or startup company will release a number of crypto tokens and then sell the token to the intended target. The most frequently held ICO to date uses the blockchain Ethereum.
ICO is the process by which projects which do not have publicity or resources source for funds from the community.
It could also be used by institutions and establishments which desires to harness the potential in the blockchain technology and create a bridge which connects it and their industry.
It could also be used by institutions and establishments which desires to harness the potential in the blockchain technology and create a bridge which connects it and their industry.
It is highly dependent on what the function does the ICO have It can either be a project or currency or it can be both even if you broke down what kind of ICOs are we talking about it still depends on what the description and function the token is. Even if we are talking about Security or Utility tokens it still can function as either a currency or project but sometimes it can be both. This is still highly debatable until now as even our governments haven't come up a proper description for what ICOs are mainly because ICO developers are often trying to make their token as unique as possible to the market.
Watch out when investing in ICO, they tend to be a quick money grab.
I will define ICO according to my understanding ICO is a type of collecting funds or money from every investors around the world which is not restricted or illegal to join,ICO owners are group of people or an organization that are planning to create a blockchain project in return of a digital asset known as token and later can be traded on exchanges to have a value just like bitcoin.
An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies. Mostly the process is done by crowdfunding but private ICO's are becoming more common. (cite: https://en.wikipedia.org/wiki/Initial_coin_offering)
A basic google search might help you with that. Initial coin offerings as refereed and quite dangerous to invest in if you won't study the ICO first.
Before ICO is a way to collect fund to make a project better and do what it plans to operate.
But right now, it's all about giving their investors useless tokens in exchange of bitcoin / ethereum.
But right now, it's all about giving their investors useless tokens in exchange of bitcoin / ethereum.
most of the ICOs are scams where the founders create coins out of thin air and sell all of the to customers.
Mostly (if not all) scams.
sold at a very low price before coming to the main exchange. Those who buy coins at that time, they are benefitted later.
Most of the time, they are worth nothing and never appear on any exchange on any serious one.So anything people buy, they throwing money out of window.
Well everyone defines ICO pretty good. I juat want to add ico is very risky as well. Please join the xompany/coin website and their social media accounts before buying coin/token and read their whitepaper and discuss with their admins devs to determine they are reall people or not. Many coins do scam after and even before they get list in any exchange.
What is actually ICO? Is this a project? Or it is a currency?
That is a frequently ask questions by all newbies, anyway ICO is not a cryptocurrency, It is "Initial Coin Offering" meaning you have to buy their native tokens as an investments on their ongoing project.By buying their tokens they are giving you some parts of company shares that will soon increases in value together with how many token you bought after their tokens has been listed on any exchanges.
ICO is a project that will provide its token in the future
Initial Coin Offering, basically you invest money on a project and they give you coins/tokens in return. If the project is successful your stash of coins will be valued more and more.
ICO stands for Initial Coin Offering. Take ICO similar to ICO but the difference is that most funds contributed via ICO are mostly with cryptocurrencies. When ICOs are conducted, tokens or should I say cryptocurrencies are issued out to investors of ICO. Based of classifications of ICO, tokens issued out can either be utility token or security tokens (take it a shares/equity of a company).
I would recommend you research more on YouTube or websites.
I would recommend you research more on YouTube or websites.
ICO will only make sense if your project requires additional/new token/coins to work. Ironically, most ICO design their tokens/coins usage horribly, as if as long as they can offer some tokens for their contributors/investors they can do an ICO. If you see an ICO that design their tokens only as transaction fees on their platform only, it is very likely they don't need ICO in the first place.
Imagine you think that you can accomplish a goal but the biggest obstacle in between is the lack of funding. For this, you'll need some crowd funding and in return you'll have to offer something to those people who participate in the crowd funding. This is ICO, if we talk about a project related to coin!
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