ICOs have the potential of being a powerful force in the development of open-source blockchain technologies. ICOs are popular for multiple reasons. Here are some reasons why you should invest in ICO:
The ICO model generates positive network effects that can vitalize and strengthen decentralized applications that require numerous users (or operational nodes). Decentralized applications often feature significant network effects wherein the user experience for each user improves upon the inclusion of additional users. When an organization conducts a public and open ICO for the development of a decentralized application, the process can automatically generate a large user base that can sustain the operation, security, and vitality of the decentralized network. If the users are token holders, they will be invested in the growth and success of the network.
Confirming contributions and distributing tokens simply requires monitoring and updating the distributed digital ledgers. This requires lower effort and resources compared to the traditional fundraising process of accepting checks and wire transfers, sending out standardized contracts, managing contracts and more.
Customized tokens can be easily generated through a number of platforms, including Ethereum, Stellar, Omni, NXT, Waves, Counterparty, Bitshares, and RSK. Transaction costs associated with marketing and contribution settlement are significantly lower than traditional fundraising mechanisms.
During my research on ICO. I came across one good ICO called
Dakuce.
Dakuce which not only looks promising but I guess will serve your purpose of being profitable too. Dakuce is a cryptocurrency exchange which claims to be the most secure and stable of its kind. It is the brainchild of top-tier blockchain enthusiasts, established entrepreneurs, venture capitalists, security traders, high-end business owners, AI experts and angel investors. It is totally based upon blockchain technology, with the safety of the traders its topmost priority. Apart from that, it is a platform wherein you can trade your ‘fiat’ currency apart from regular cryptocurrencies. The most common pairings on these exchanges are Bitcoin, Ethereum, LiteCoin, BitCoinCash etc. It is quite a powerful platform that can handle millions of transactions per second! Another best thing about this exchange is that it guarantees zero manipulation and performs on real market rates. As per the aforementioned cryptocurrencies, the platform is going to list several other cryptocurrencies gradually which can be inter-exchanged and traded.
The ICO is already started and will end on 12th July 2018.
To know more:
https://dakuce.com/