What Is ICO and How it works | 2017 ICO Status
Initial Coin Offering (ICO) have created a huge attention in the virtual world nowadays. Its a fund-raising initiative by a certain company to meet up the funds required to start a project.
Built over the blockchain, a company will generate/create a Token (a virtual currency for making and receiving payments inside the Blockchain) and invite investors to purchase the token at a lower price or simply saying, "at a discount". The money received will be used in the development of a future product or services.
Built over the blockchain, a company will generate/create a Token (a virtual currency for making and receiving payments inside the Blockchain) and invite investors to purchase the token at a lower price or simply saying, "at a discount". The money received will be used in the development of a future product or services.
This Token is promised to increase its value after the ICO get started. It can be compared to the stock market. If the demand for the product will increase, its price will also increase. In ICO, this is determined by the funds that the company received. If the token will be appreciated in the cryptomarket and a lot of investors are investing, the value of the token also elevate. It's more like a race.
According to the data graph released by ICOdata, there are 873 ICOs in total(successful and unsuccessful). Raising funds dramatically breached to $6,137,710,958. And Piccolo Research said, there are 10 ICOs emerging per day.
Later on my other page, I will give you a sample company which is currently doing an ICO event. This company is really interesting that if you invest, you feel like you are a HERO.
https://bit.ly/2MU3dlU
According to the data graph released by ICOdata, there are 873 ICOs in total(successful and unsuccessful). Raising funds dramatically breached to $6,137,710,958. And Piccolo Research said, there are 10 ICOs emerging per day.
Later on my other page, I will give you a sample company which is currently doing an ICO event. This company is really interesting that if you invest, you feel like you are a HERO.
https://bit.ly/2MU3dlU
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Hi guys! hope this article at least help you gain knowledge about ICO. There are lots of other cool sites, not only this blog, for you to check and hopefully will provide insights that you want to have. Cheers!