is site just share and give information about ICOs (Initial Coin Offerings), Bounty Program, Airdrop and Cryptocurrency.
What is an ICO?
The abbreviation ICO stands for “Initial Coin Offering.” During the ICO, the project team sells digital tokens in exchange for cryptocurrencies or fiat money to investors. Later, these coins can be used on the project platform as an internal currency, or they can be traded on exchanges. In fact, the ICO is another implementation of the crowdfinding model, in which participants finance the development of a company under the expectation of receiving a benefit from it in the future.
Why to carry out an ICO?
By issuing their own tokens and exchanging them for popular cryptocurrencies (for example, Bitcoin or Ethereum) or for fiat currencies (dollars or euros), the project is able to raise the funds it needs to launch or develop its business. Usually, ICOs are conducted early in the life of projects before they establish their full-fledged infrastructure. The funds that are raised are used to finance the company’s development, marketing, expansion of its team, etc. For young projects, the ICO is an excellent tool for quickly and effectively raising investments.
What attracts investors to ICOs?
By purchasing the ICO tokens for a project, investors primarily expect to make a profit by selling them at a higher price in the future or to use the tokens for their intended purpose, namely to receive the services offered by the project at a lower price.
What are the risks of a participating in an ICO?
Perhaps the biggest risk is ordinary fraud, whereby the creators of the project pursue only one goal: to collect the money of users and then disappear. You can never rule out that the possibility that a project may not survive the product launch stage or disappoint the investor in how the project is launched. This can all be seen as a potential risk in terms of short-term or long-term investments.