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wintermeasures (OP)
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June 04, 2016, 05:31:33 AM
 #1
hey guys,
I was recently trading at yobit, and found a strange word that ICO or ICO PRICE. Please tell what mean of that words?
Sorry if the post like this ever existed, if there please give me the link Smiley thank you
bones261
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June 04, 2016, 05:36:07 AM
 #2
Quote from: wintermeasures on June 04, 2016, 05:31:33 AM
hey guys,
I was recently trading at yobit, and found a strange word that ICO or ICO PRICE. Please tell what mean of that words?
Sorry if the post like this ever existed, if there please give me the link Smiley thank you

An ICO means Initial Coin offering. The development team for the coin distributes the coin initially by selling them. The ICO price is the amount that was charged for 1 coin during the ICO.
Vaccomundus
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June 04, 2016, 07:27:48 AM
 #3
it's good to have a bottom, you know the price won't fall lower
jjacob
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June 04, 2016, 07:36:09 AM
 #4
Quote from: Vaccomundus on June 04, 2016, 07:27:48 AM
it's good to have a bottom, you know the price won't fall lower

Once it begins trading, the price can fall to zero.
It doesn't matter what the ICO price was.  Smiley

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immangrace
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June 04, 2016, 08:59:26 AM
 #5
Quote from: jjacob on June 04, 2016, 07:36:09 AM
Quote from: Vaccomundus on June 04, 2016, 07:27:48 AM
it's good to have a bottom, you know the price won't fall lower

Once it begins trading, the price can fall to zero.
It doesn't matter what the ICO price was.  Smiley

Successful launch of coins can get up to 10x the ICO price though. Lisk had a disaster laucnh and still is traded 3x ICO price. In 10 day we will see how the Waves launch will be.
wintermeasures (OP)
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June 04, 2016, 10:49:45 AM
 #6
Quote from: bones261 on June 04, 2016, 05:36:07 AM
Quote from: wintermeasures on June 04, 2016, 05:31:33 AM
hey guys,
I was recently trading at yobit, and found a strange word that ICO or ICO PRICE. Please tell what mean of that words?
Sorry if the post like this ever existed, if there please give me the link Smiley thank you

An ICO means Initial Coin offering. The development team for the coin distributes the coin initially by selling them. The ICO price is the amount that was charged for 1 coin during the ICO.

Hmm, I became more understanding. thank you deign to answer my question. have a nice day Smiley
eastender
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June 04, 2016, 12:29:44 PM
 #7
Quote from: wintermeasures on June 04, 2016, 05:31:33 AM
hey guys,
I was recently trading at yobit, and found a strange word that ICO or ICO PRICE. Please tell what mean of that words?
Sorry if the post like this ever existed, if there please give me the link Smiley thank you

I wonder if you are asking cause you got some overpriced virtual Waves from them... ?
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