What is ICO and how does it work?

The ICO has proven to be a revolutionary way to raise funds for many organizations and projects. ICO can be said to be a combination of conventional methods and advanced strategies. The first thing to consider here is that investors in ICOs will be 100% risk free due to the use of technology.
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So far, most ICO funds have been raised through Bitcoins (BTC) or Ether (ETH). When performing ICO, the project creates a bitcoin or etherium address to receive funds and then shows it on the relevant web page. The procedure is similar to opening a bank account and then showing it to people on a specific web page so that they can send money.
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Initial Coin Offering (ICO) is basically an illegal way of crowdfunding through various cryptocurrencies (in some cases Fiat currency) and is used by cryptocurrency companies to raise capital to carry out the project. At the ICO, a special portion of the recently issued cryptocurrency is being sold to investors in exchange for a valid tender or any other cryptocurrency. This can be referred to as token sale or crowd sale which involves taking the amount of investment from the investors and providing them with some features related to the project.
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An IPO, or initial public offering, is a process related to an ICO, where investors receive shares in the company. While at the ICO, investors buy coins from companies that can increase in value as the business expands.
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The first token sale, i.e. an ICO, was conducted in July 2013 by MasterCoin. Etherium raised money in 2014 through an ICO. The ICO has adopted a completely new definition in recent years. In May, there were about 20 offers, and a recent web browser Bravo’s ICO made about 35 35 million in just 30 seconds. As of the end of August 2017, a total of 89 ICO currencies worth 1. 89.1.1 billion had been sold since January 2017.
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Investors send Bitcoin, Etherium or any other cryptocurrency to the given address and in return they get new tokens which can benefit them a lot if the project hits.

  • ICOs are primarily designed for cryptocurrency-based projects that rely on decentralized technology. So naturally such projects will compel only those investors who are deeply interested in the concept of cryptocurrency and friendly to the technology used.
  • The document that belongs to an investor eventually remains in the form of a webpage, whitepaper or web post. Some of these documents show accurate details about the project, while others literally falsify its features to confuse interested people. So before relying on any white paper or e-document, check for a better quality check.