Where to begin?
Before you start earning an ICO, you need to consider ways to earn money in this area. There are five ways of earning, which have proved to be reliable and conscientious.
The first way to earn money on ICO is trading. It is divided into active and passive. Active trading is the daily conduct of operations for the purchase and sale of crypto currency. Trading with the expectation of an immediate increase in the value of tokens allows you to quickly make a profit, but it takes a long time, requires full involvement in the process and good knowledge of the specifics of the growth and fall in the price of the currency. Passive trading consists in buying crypto currency and a long period, 2-3 months, with a long-term calculation of the growth in the cost of tokens. This method is less risky and allows you to save a lot of time, but it can limit the investor due to temporary freezing of funds.
The second way is to invest money in ICO projects. This variant of earnings is similar to passive trading, but it differs in that the purchase of crypto currency is carried out by the developers of the project, thereby financing the start-up. With the successful development of the project, the price of the received tokens increases many times, from which it can be later reaped by reselling them to other users. However, there is a risk that the idea will not get the proper development and the cost of the cryptonomete will not grow, or even they will depreciate if the project collapses. Therefore, it is necessary to carefully study the ICO participants, who should be financed, for their decency and prospects for development.
The third way to earn money on ICO is mining. The given method consists in granting computing power of the computer for a network of the block man for a corresponding compensation. Pros of this method in passive income, the user only needs to set up the equipment. The downside is in the acquisition of expensive equipment. There are three types of mining: at the expense of the processor, video card and disk space. The most optimal and popular at the moment is the mining through video cards. However, the revenue is scaled depending on the capacity of the equipment, so with a weak computer, the revenue will be very small, and for the upgrade, you must invest a lot of money. Also it is worth considering that the demand for these services decreases with time, due to the fact that there are a lot of miners, and with the fall in demand, the amount of compensation falls.
The fourth way is to vote. The essence of this method is the provision of collateral, which will be used to confirm the blocks in the block system. In return, the user gets the right to vote, which he uses to make decisions in the life of the project. In case of successful development, its share grows, if the owner of the voice harms the project, he loses his pledge. Advantages of this method are participation in the development of a start-up, low financial threshold of entry and lack of the need for powerful equipment. The downside is low profitability and a restriction in the sale of its stake.
The fifth way to earn on ICO is to create your own project and issue your own crypto currency. However, this method is difficult to implement, because it requires a large team of qualified developers, as well as initial investment, in order to prepare a start-up for entering the ICO. However, if the idea gets good development, and the development team is well organized, this method is the most profitable in terms of income.
Beginners wishing to start earning an ICO are advised to start with simple ways, like passive trading or investing in ICO projects. In the process of the first attempts it is necessary to immerse yourself in the study of the ICO sphere and, with the acquisition of experience, to try more complex and risky methods.ICO is an easy way to make money, but in this sphere it is possible to lose money with the same ease. Earnings in the ICO area are fraught with many risks:
Risks
----------------Scammers use the lack of centralized regulation of investment;
----------------Amateurs launch projects that are knowingly doomed to failure;
----------------The development of projects takes a long time, which creates the risk that the competitors start their project earlier, so that the tokens of the first depreciate;
----------------Many exchanges do not accept crypto currency, which greatly limits its use;
----------------In the ICO area, a lot of noise is created so that investors make emotional decisions, which subsequently leads to a loss of funds;
Many crypto-currencies are incompatible with each other, which severely limits their use, and with the advent of new tokens, the old ones lose their usefulness and, if not exchanged in time for another currency, lose their value.
Another risk is the collapse of the value of the crypto currency, due to speculation and the formation of an economic bubble. With a lot of excitement, tokens are bought at an inflated price, and once its value reaches critical limits, the market value is equalized, which is caused by an avalanche of sales and a subsequent drop in price.
At present, the increase in the cost of many crypto-currencies has slowed or stopped, and many have started to fall in price, so earning an ICO is very risky. However, it's up to you to start making money or not.
