ICO Guide: The What to Why for Investment
Referred to as Initial Coin Offering, ICO in the crypto currency industry acts as a medium of raising funds for the company that needs to collect money to create a new coin, app, or service. Each ICO depicts its own exclusive project-specific crypto-token, commonly known as an “ICO coin or crypto currency,” which is made available for public purchase at the beginning of an ICO. When buying an ICO coin , an individual practically invests in the project. The basic idea of an ICO is to collect as much capital as possible by allocating the tokens over a variety of investors through block chain technology. ICOs are similar to yet different from crowd funding as they do have several features varying from traditional crowd funding platforms. For example, the ICO coins an individual acquires is profitable as it appreciates in value, which is indeed the basic motive for purchasing them. Apart from this ICOs have been remarkably successful as they have raised billions of US dollars in capit...