Topic: What is ICO and how to make money on it? (Read 139 times)
I, as a person who has been doing this for a long time, completely agree with you, I regret that there was no merit left.
What is ICO and how to make money on it?
ICO (Initian Coin Offering or Primary Coin Placement) is the creation / issue of a certain number of coins / tokens for sale to investors in order to collect the necessary investments for the development of a new startup / coin. As a rule, later the coin / token gets on the stock exchange and / or is bought back by the startup at a higher price.
For example, there is a group of people who want to make a cloud service like Yandex Disk and they do not have enough money. They can not enter investors, because the idea is simple and there is no prototype. Therefore, they turn to certain sites (ETH platform, Waves) and create a certain number of coins that they sell and thereby attract money to their startup.
How to make money on it?
1) Without attachments - Participate in bounty (bounty).
To attract people to the company's ICO allocate part of the coins as an advertising budget. If you are willing to do articles, translations, video - the company will encourage you for disseminating information about the ICO and the company.
2) With attachments - Buy coins in the early stages of the ICO and then sell them more expensive, or receive a passive profit from dividends.
At the ICO stage, the best time is to buy coins or tokens from the company or start-up at the cheapest price.
How to distinguish promising ICOs from scams (fraudulent) projects?
1) Professional team and the availability of relevant experience in the declared scope of the project, the absence of a "dark past" of the team members.
2) A clear roadmap for what and when will be done, as well as the stages of spending the budget.
3) A clear whitepaper with no concatenations and realistic tasks.
4) The need for this project and a realistic business model.
5) Strong community supporting project
6) Social activity of the team, constant feedback
7) Desirable: a minimal bounty and a limited number of coins / tokens at the crowdsdale.
As practice shows, such ICOs immediately collect funding
Where can I find out more about ICO?
1) Monitoring of all ICOs: https://icodrops.com/
One more: https://tokenmarket.net/ico-calendar
2) On Bitcointalk in special places.
Are ICO profitable?
As a rule, at the stage of crowdsel (sale to individuals) you can buy coins / tokens at the lowest price and get a certain percentage of coins for free. Also, some start-ups also offer dividends to holders of their coins. However, the risks are also high - no one guarantees that the startup will not bend, and you will not lose your money. In the event of an ICO failure, you can not legally claim your money back, and all purchased tokens and coins are depreciated.
ICO (Initian Coin Offering or Primary Coin Placement) is the creation / issue of a certain number of coins / tokens for sale to investors in order to collect the necessary investments for the development of a new startup / coin. As a rule, later the coin / token gets on the stock exchange and / or is bought back by the startup at a higher price.
For example, there is a group of people who want to make a cloud service like Yandex Disk and they do not have enough money. They can not enter investors, because the idea is simple and there is no prototype. Therefore, they turn to certain sites (ETH platform, Waves) and create a certain number of coins that they sell and thereby attract money to their startup.
How to make money on it?
1) Without attachments - Participate in bounty (bounty).
To attract people to the company's ICO allocate part of the coins as an advertising budget. If you are willing to do articles, translations, video - the company will encourage you for disseminating information about the ICO and the company.
2) With attachments - Buy coins in the early stages of the ICO and then sell them more expensive, or receive a passive profit from dividends.
At the ICO stage, the best time is to buy coins or tokens from the company or start-up at the cheapest price.
How to distinguish promising ICOs from scams (fraudulent) projects?
1) Professional team and the availability of relevant experience in the declared scope of the project, the absence of a "dark past" of the team members.
2) A clear roadmap for what and when will be done, as well as the stages of spending the budget.
3) A clear whitepaper with no concatenations and realistic tasks.
4) The need for this project and a realistic business model.
5) Strong community supporting project
6) Social activity of the team, constant feedback
7) Desirable: a minimal bounty and a limited number of coins / tokens at the crowdsdale.
As practice shows, such ICOs immediately collect funding
Where can I find out more about ICO?
1) Monitoring of all ICOs: https://icodrops.com/
One more: https://tokenmarket.net/ico-calendar
2) On Bitcointalk in special places.
Are ICO profitable?
As a rule, at the stage of crowdsel (sale to individuals) you can buy coins / tokens at the lowest price and get a certain percentage of coins for free. Also, some start-ups also offer dividends to holders of their coins. However, the risks are also high - no one guarantees that the startup will not bend, and you will not lose your money. In the event of an ICO failure, you can not legally claim your money back, and all purchased tokens and coins are depreciated.
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