ICO means initial coin ordering .
This a type of fund raising system for a coin project by coin team .
In the very starting ICO was really good thing for us because it was genuine option to make earning but now it is not a option of investment .
Here we will explain you how ICO works and what the next after ICO as a option to make investment .
How does ICO works ?
Usually A team of people which are included of software program master , security expert , Digital marketing expert , writer , publisher .
These types of people works together to bring a ICO project .
If a ICO has best Team then we can say that we have opportunity of investment in perfect ICO project.
But sadly in present time no more people are genuine toward their work , they always look forward to make earning only.
Usually most of the ICOs which are entering in this field are fake, they don’t have quality team and they don’t have quality of work.
Technology of new coin in ICOs
In every new ICO project we can’t see anything new.
Their coins are based upon ERC-20 contract system.
In simple word we can say, they are just listing their stupid coin under ethereum.
And that stupid coin with Abcd name don’t have any value support.
All is our investment in ICO project that makes small value of the token because almost all the investment goes in the pocket of the ICO team and a small fraction of it goes for the investment in project .
How to identify fake or genuine ICO?
This is almost impossible for us to identify whether the incoming ICO project is genuine or not.
It is because even a good idea based ICO project can do scam with us.
But still there are few points that can help us to identify whether a ICO is genuine or not.
- ICO team should have good history of another crypto related project.
- ICO team should have 100% transparency about team members.
- ICO team should have actual concept based business to run the coin project.
Alternative of ICOs Project
In year 2018 and 2019 lots of scam people did.
So genuine people searched another option to launch a coin.
The new option is known as IEO.
We have a detailed information about IEO here in this article .
IN SHORT :
ICO ( Initial Coin Offering ) is a stage to launch your company or BUISINESS model in tokenized form. At this stage value of one token remains almost at very low price that interact people to buy these tokens at cheap price and then sell after just launch to get lots of profit.
Already we indirectly indicated in our article that ICO may be a fake program to scam people . So don’t think that ICO are fully genuine things to invest money . They may be scam , so be careful before any type of ICO project investment . Do lots of research yourself and don’t get in trust with the hype about the project in social media .
one of the best ICO project which scammed people was KYC.legal . This ICO project was really in best level of project at that time but they scammed people $25 million.
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