What is ICO or Initial Coin Offering

in #currency6 years ago (edited)

ico.PNG

    Initial Coin Offering is an unorganized way of raising money for a new digital currency project based on the International Coin Offering or the initial presentation of the encoded digital currency or ICO is a token sale campaign arranged by start-ups to bypass the strict and structured capital collection process Required by owners of capital or banks. In an ICO campaign, or a token sale campaign, a percentage of the encrypted digital currency is sold to the project's supporters, investors or buyers of the project currency.

ico 2.PNG

This currency can be purchased from early sales campaigns called pre-ICO ie selling codes before ICO and Bitcoin, ETH, USD or EUR, but the investor does not get the symbols or the project currency directly, but after the launch of the ECO. What distinguishes Pre-ICO is that the percentage of bonus or high profits unlike the period of ICO and Pre-ICO is the initial basic support.

ICO3.PNG

Project codes or ICO
Are symbols of the project and each project its own symbols, as if it offers you shares of the company, in return for your investment, the symbols are specified in a certain number can not be increased or decreased after the ICO or Pre-ICO divorce also distributed to investors, Who wants to buy, the project team of the total number of symbols can keep a percentage of them as a reserve, and the reason for the specific number of bananas is the value, the more limited the world has increased its value.

So we said the structured project of the ICO gets the money it invests in developing the idea of ​​the project, the investor or the person gets the codes. This symbol after the expiry of the ICO period can be traded on any platform like Bitquin, or any currency that can be disbursed.

ICO 5.PNG

What is the benefit of these codes that you will buy for a sum of money or known digital currencies:
What you will benefit from can be divided into three:

First: to take advantage of all the advantages and everything offered by the project against that currency, and you are engaged in a specific club you have for what you pay every month to the club card entitlement gives you the right to benefit from all the services provided by the club ... .. Which you pay in the currency of the project and Benefit from what the project platform offers or any idea on which the project is based.

Second: If you have invested or bought the currency and obtained the bonus at different rates, you can wait for the ICO period after completion. The project team releases the currency trading in different trading platforms. You can sell the investor his share in the price he bought the currency, Here I have earned above the price that the investor bought the symbols.

The third is that after the idea of ​​the project is finally launched, and the currency is traded, day by day, the value of that currency increases, adding that each currency after it was bought by the investor and led by the services of the enterprise against that currency, , Those currencies are burned or destroyed by the project, here decreases the value of the total currencies sold during periods of funding campaign. Thus, the currency is reduced in the market and the demand for it increases and will increase its value as it did with many of the currencies we know, Bitcoin and ETH .... Any price you bought the currency can double over time.

Coded currencies are gaining more prominently in all societies than ever before, and every day an encrypted currency appears with new features.

I and a lot of people try to give an alternative to BTC currency and ETH currency
But it is hard for us to know which currency might work, which may not work. To remain a matter of livelihood

Capture.PNG

Sort:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/cryptocurrency/@fouaz/learn-about-the-benefits-of-icothe-initial-display-of-encrypted-digital-currency