What is ICO ?

[Renji Abarai]

ICO (Initial Coin Offering) is a form of capital mobilization from investors, a number of cryptocurrency is offered to investors to create a premise for the project as well as to evaluate the value of the project

It is also a way for an company to raised capital like  crowdfunding the project by selling tokens in return. Its new , unique and revolutionary that change the way in outsourcing funds. Though unregulated as of now and some are taking advantage of teh system, i hope fraud will be curb and addressed.

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[klixion]

Do you think ICO is a scam

Not all ICO's are scams and not all ICO's are successful.  It's pretty much a high risk investment but you can eliminate some of the risk by researching carefully about the team and vision of the project. 

The problem with most people is that they don't do the very necessary due diligence and jump right into the flow without much thinking. At the end of the day, when everything fails, they start pointing fingers at everyone. ICO is never scam, the projects are. So do some serious digging before investing.

That's very true.  People tend to FOMO buy in almost every ICO there is out there without doing any research on the project or even knowing the purpose of the coin or token.  Sometimes you might get lucky but it's not a wise decision in my book.

[Golegard]

And what is the ICO influence on coin prices ?

Generally the amount put into the crowdfund dictates the coin market cap. For example, if you put in 1BTC and the project collects 1BTC TOTAL all the coins will be worth 1BTC.

So 100,000 Xcoins will be worth 1BTC

if 2BTC is put in that puts 100,000 Xcoins at a 2BTC market cap.


Make sure you are careful with ICO's some of them are scams, there are a few good projects that are associated with ICO's - successful ICO's include projects like NXT and Ethereum.

My site lists ICO's on a time schedule: http://icocountdown.com

Check out my blog because I do research into them to see if they are scams or otherwise:

https://medium.com/@icocountdown/

I've been here in this industry for 6 months almost, but only this time I fully understand what ICO really means.  Although, every time there's an ico, I always participate their project and join their signature campaign too. But I don't know how they calculate the price. anyway, sir thank for the detail information, God bless.

The same here, I don't know how to calculate the final price per token. Your information above will help me a lot and getting things cleared in my mind now. ICO is the building a new innovative token with a certain budget in designated bounty.

[Bay_Harbour_Butcher]

Hello, i'm new here and i would like to understand what is Initial Coin Offering.
Why does it open and closes ? And what is it actually ?

Thanks a lot if someone can help me. 

ICO is a way to introduce a new project to the public, as well as attract investors to raise funds for the project to be done, sorry if I am wrong

[IamAltcoinfan]

ICO is initial coin offering where owners submit fthier concept or proof like white paper and website will ask for investment by creating smart contract in eth or waves or nem any platform then they will send to compatible wallets once they voollect fund they will keep that in exchanges mean time concept will be ready or existing concept add value to token people start to believe on token or coin it will gain more value be aware there is lots of scam ico .

[NickM]

There also ICOs that raise fund for already existing businesses, like FundCoind for example, with investments into Private Equity through a fund. They gave me a lot of info at their Telegram channel: https://t.me/FNDCoins

[Edwardbn]

You can understand simple ico is mobilizing finance.

[leonair]

ICO is Initial Coin Offering that is most in demand right now and booming and most of it is using Ethereum as a investment platform and I used to joined in a several ICO right now. Just a piece of advice be safe in investing with ICO because not all of them are legit and will survive in the long term, use your research power and stalking power to get what you want from them and what is their future.

[phoenixdowndee]

Here is an article that explains what an ICO is, a little bit of the history, why they have exploded and if you should invest in them.


https://medium.com/@crowdholding/what-is-an-ico-and-should-dive-in-f712ffdef9eb

Hope this helps

[Nanda Dewi277]

ICO is a plan or schedule intended to raise funds for a project to succeed. I think there are no projects without ICO.

[MacRohard]

You are new here so first you have to read and research so that you have knowledge, then find out an ico that you believe and hold a small amout and feeling how the market work.

[Simu111]

Dear,
I think it's a platform there selling the altcoin first. Deduct rate, bonus offer, low price e.t.c .
But actually I don't know what is ICO or it's meaning.

[bellamae]

Initial Coin Offering (ICO) is used by startups to by pass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for bitcoin.
 

[lionheart89]

Hello, i'm new here and i would like to understand what is Initial Coin Offering.
Why does it open and closes ? And what is it actually ?

Thanks a lot if someone can help me. 

ICOs (Initial Coin Offerings) have become a popular way to fund cryptocurrency projects. An ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for money today. ICOs provide a way for cryptocurrency project creators to raise money for their operations. Most ICOs raise money in Bitcoin or other cryptocurrencies.

The ICO usually takes place before the project is completed, and helps fund the expenses undertaken by the founding team until launch. For some of the larger projects, part of the ICO money goes into a foundation that provides ongoing support to the project. They also work as an initial distribution model for the cryptocurrency tokens, especially those with a proof of stake consensus algorithm.

The ICO participants are invested in the success of the project. They can help get the word out and raise awareness in the broader community. They also provide early liquidity for the cryptocurrency tokens when they start trading. The ICO participants are also usually motivated by a profit potential if the project takes off and the tokens become worth more than the ICO price.ecome worth more than the ICO price.

[StrikeBitClub]

ICOs (Initial Coin Offerings) is the way to fund for cryptocurrency. You need to know that coin clearly to invest in it to avoid scam

[Kuchiyose]

ICO is a plan or schedule intended to raise funds for a project to succeed. I think there are no projects without ICO.

That right, ICO is very important for a project to be created because all businesses or projects will need sufficient funds.

[erick94]

ICO is a plan or schedule intended to raise funds for a project to succeed. I think there are no projects without ICO.

That right, ICO is very important for a project to be created because all businesses or projects will need sufficient funds.

Ico like a life for a poject because with the success of ico will greatly provide benefits for the survival of a project. but it all depends on the readiness of dev and team to attract investors as much as possible.

[MattHoo]

 An Initial Coin Offering (ICO) is used by startups to raise found for their projects or operations. 

[Pattart]

Do you think ICO is a scam

Not all ICO's are scams and not all ICO's are successful.  It's pretty much a high risk investment but you can eliminate some of the risk by researching carefully about the team and vision of the project. 

The problem with most people is that they don't do the very necessary due diligence and jump right into the flow without much thinking. At the end of the day, when everything fails, they start pointing fingers at everyone. ICO is never scam, the projects are. So do some serious digging before investing.

That's very true.  People tend to FOMO buy in almost every ICO there is out there without doing any research on the project or even knowing the purpose of the coin or token.  Sometimes you might get lucky but it's not a wise decision in my book.

There are dozens of ICOs that keep coming every time. I think the user must first do research on what ideas and advantages that dev deved to the audience because that's the important thing to determine the profit you'll get. When you choose and buy tokens or ICOs without doing any research first, maybe the risks you'll get are getting bigger because not necessarily the ICO you buy will have a price or a market

[Immorta]

You can check my collection of meaningful documents about ICO & Whitepaper structures
https://www.dropbox.com/sh/eix71s4x4rrbwsn/AADXWhPxtI-zHLygHiYFb0gaa?dl=0