Topic: What Is Ico and Its Uses (Read 246 times)

Surprised that in 2021 someone else is writing about ICO, platforms for which, ummm, are almost gone or not at all?
Even a coinlist is a stock exchange, since IEO will be held there, not ICO.
The ICO is dead. ICO is not safe, IEO at least guarantees subsequent listing.

Another issue with ICO’s is the security of coin–roughly 10% of funds raised through ICOs between 2015 and 2018 were lost or stolen via hacks, according to reports of a leading consulting firm. Coin Dash was a classic case where fraudsters stole $7 million. Such thefts are just the tip of the iceberg, a broader conspiracy theory states that hackers have stolen more than $1.3 billion through Fake initial coin offerings. Now IDO's are trending.

ICO introduces new coins in a crypto to attract investors for development and financing, sometimes in an ICO there are also fake ones that only take advantage of investors who consequently make false losses, and some are successful and make everyone who jumps into the ICO it has its advantages, but not everything goes smoothly sometimes many find themselves stranded in the middle of the trip.

I understand what you are saying here. So many got burned from those ICO projects. I even had invested in one of them, and lost about 0.3ETH at that time. The value was not that much before but with today's price of eth, I can already buy a lot of my basic needs. I don't know why the OP posted about ICO, but this has been dying already. Very few people are now interested in ICOs, unless the project has backing of big companies.

Initial Coin Offering has lots of potential back in the day but it was also targeted of many scam projects that investors lose faith of many ICOs few years ago and it's a frustrating that crypto was being used for such acts. Good thing IEO was there to earn investors' trust back and it's more secured and most successful crowdfunding ways to all crypto projects.

The best use ever found for ICO is to finance the lifestyle and travelling of people who otherwise would be living with the mom on a caravan. Anyone who has been around for a few years in crypto understands perfectly what I am saying. Teams that are fake, team that do not stand any chance of delivering the promises, promises that no team ever could deliver, exit scams. The profit stats will not tell you of the many millions lost to fraud in telegram or the annoying reality of the whitepapers versus the reality of building a crypto. So many famous ones that I cannot even start to number them.

An ICO is back again very unlikely, investor confidence has dropped greatly and moreover there is no locking of tokens in the ICO and that is what makes prices fall when tokens are released and ICOs can run for months if they don't reach softcap or hardcap

ICO was become trending in the middle of 2016 and during 2017, and when the market turn in to bearish in 2018, many ICO project turn in to scam. In 2017 alot of project raised alot of money in quick times, although the hardcap above $50million. In 2017 some good ICO project also possible to raised money amillion dolar just a few minute. Now the ICO trending gone, and the name changed to IDO/Initial Dex Offering. IDO better than ICO because they only decide to raise money below $1 million, that mean the team of the project not greedy.

you defined the ICOs very well, you just forgot to mention that the ICOs were responsible for making this market have a better image before society in general due to the scammers constantly creating many scam projects in 2017. I remember seeing people desperately complaining that a scammer managed to steal 40 BTC from the entire project. I was also able to participate in an ICO where the damn dev stole project funds after the ICO. honestly ICOs were good opportunities for scammers, nothing more

Lol, where have you been buddy? Living under the rock? ICO craze is already dead, it's been replace by IEO and now the hype is on NFT's. So this is no longer relevant I would say, although there could be some ICO that pops around from time to time, however, the success rate is very sim as investors are no longer interested because the hype has gone already.


Maybe there are still some angel investors, but as I have said, it's no longer the norm. Majority of investors are now waiting for the project to get listed on a solid exchange and then speculators buy/sell to make profits.

This is an old way to collect funds and I have to agree that there are so many options now though there's still a few project that prefer ICO, but it looks like there's no more demand for that. I see a big trend on IDO and Liquidity as well, some project don't need private sales anymore because of this. ICO is simply asking the public and private entity to support your project, and if you're developing a new project you must know the new effective way to collect funds.

Apart from ICO, many investors don't put there money in most of the listed sales, they rather buying coins while they are already trading to hodl for short time to sell when they pump. This is the new discovered pattern that monies are made in cryptocurrency. ICO was a ground for scammers, I can't remember how many coins got listed after collecting investors money.

Previously there were many who discussed this in 2017 and if you discussed ICO in 2021 in my opinion it was too late because now there are so many names to do token sales such as IEO, IDO STO etc.

In my opinion ICO is Fund Rising did by some developer in the hope of getting fresh fund to scale their project. But today ICO used to scamed retail money. To spot on this kind of ICO usualy i use this indicator :
1. The project does not have any working product , it is still concept writen on whitepaper.
2. The Developer is not well known or anonym.
3. The project promises you 2x or even 100x token price after ICO ( Red - Flag )
4. If you read their whitepapper its look good to be true.
5. They offer so many presales token to whale without vesting period.

Tl;dr.
There is no longer that hype and popularity for the ICOs. They are no longer effective unlike before. The ICO hype today is like the DeFi that we have.

I agree with you ICO's time has passed but with demand being low and scammers moving to other things maybe there will be a time soon where ICO's can come back. I know it's not likely but there is a chance that to happen.

There is no much demand for ICO now in this market. Because there are many fake project running their ICO. So people got scammed. Still Airdrops are running which have task to follow social media's accounts.

In the history of cryptocurrencies spaces, a system was created to raise funds for incoming and intellectual projects that's will change the ways things are going, ICO became the best way to raise funds but guess what, scammers started using the system and use as an opportunity to steal investors funds, later ico crashed down and so new platform came to find the safest environment to raise funds for new project, this resulted to teams conducting different offerings;

TGE, Token Generation Event
STO, Security Token Offering
IEO, Initial Exchange Offering
IMO, Initial Model Offering
IAO, Initial Ape Offering
IDO, Initial DeFi Offering
E.t.c

This was how this had gone to this extent, it'd best if you do more research on them and find to final conclusion.

Agree, but even another new form of initial project offering, the purpose still some, its for crowdfunding the project to fund the project accommodations.
Investor should be very picky to fund any project, because many of them are just trash.

Right. But whatever it's called, in my opinion, everything is the same, getting the opportunity to become an early adopter of a coin/token, an opportunity for investors to gain big profits when the project that is followed has a great success. cmiiw

ICO are now no longer in demand, many investors are no longer interested in ICOs because there is no token locking and there are many scam projects that take investors' money away, and now what investors are interested in is Private Sale, Public Sale, IDO and IFO

You are too late buddy, the ICO period were in 2017-18 but not anymore.

We passed ICO, then IEO, then STO then etc,,,, so people are still investing on ICO? big question though!

The ico token can't be sold manually when there's no demand. There must be a demand for the buyers of ico token and that will create liquidity for the ico token and then ico token holders would be able to sell their ico token to the market. There must be a market to make it happen. I rarely seen the ico investors were selling through p2p transaction.
Mostly already done through use the 3rd party site like the exchange site.

Token/coin owners should be part owner of the project if it's a decentralized(rather than centralized) crypto project... It's shared/decentralized Network participants or investors would help secure.
The project owner could have more right over a "decentralized company" though and can make more money from fees and other means...

What is an ICO - Initial Coin Offering?

ICO, or Initial Coin offering, is a fundraising method with which new crypto projects can raise money. Typically when starting a startup company, you need fairly good capital investment to get started. You could find angel investors and loans but that involves either having some debt or owing someone money.

With ICOs, startups can create crypto tokens and sell them at a discount to investors looking to invest in new opportunities. Usually, when someone invests with your company, you have to give them a share of the profit. But when you raise funds through ICO, you only give the investors the tokens. They are not entitled to any ownership of your company or project.

Instead, they buy these tokens in the hope that they will appreciate them in the future, and they can sell them for a profit. If you look at the kind of growth that Bitcoin and other cryptocurrencies have had, you can see why more and more investors are jumping onboard every day.

How to sell your ICO tokens

You can sell your ICO tokens manually by creating a landing page and displaying your wallet address to receive funds. Investors can send their crypto tokens to your wallet address, and you can send them your tokens.

The much more efficient option is to use an ICO dashboard. An automated ICO dashboard can allow users to visit your site, complete a registration process, and buy your tokens without you having to manually send any tokens.

Airdrops

An Airdrop is an ICO marketing technique where you send users free tokens for completing certain tasks. The tasks can be anything, for example, sharing your news on their social media. Since the cryptocurrency market is so huge, people are likely to participate in your airdrops and give better visibility to your project.