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October 23, 2017, 12:55:01 AM |
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How would i make money if i invested in an ICO? here's a detailed example (approximations and ignoring all fees).
I spend $1,000 to buy 3.33 ETH I use the 3.33 ETH to buy into an ICO while its still "open" The ICO is offering 500,000,000 of their "tokens" At the ICO "close", they raise $20,000,000 (or 67,000 ETH) Therefore, I own 0.00497% of the ICO (3.33/67,000) or 24,850 of their tokens.
I'm assuming here, so if someone could tell me if this is correct, that would be great.
This is where I get lost.... Now what? How do I know what their marketcapitalization is? How do I know if I am losing money or gaining money?
Is this like the stock market? Is there a place to see all the ICO marketcapitalizations listed?
{My original post disappeared....along with some great responses.}
Appreciate any help.
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