Good day all

I'm new to Bitcoin and the whole crypto currency movement. Very interesting and I am doing a lot of reading.

WAVES caught my eye, and I would like to partake in the ICO.

How does an ICO work. In terms of buying the coin on day one? I assume it won't be on Yobit.net on day 1?

I will have Bitcoin available, was just hoping somebody could educate me on purchasing WAVES coins released on day 1.

Thanks a lot for any assistance. Much appreciated!