What is a crypto ICO? A way to Earn Free Cryptos.
This Post is about Crypto ICO and how to earn free or cheap tokens in an ICO launch.
You might be aware of IPO (initial public offering) in the stock market, similarly, you may have also ever heard about Crypto ICO (Initial crypto offering) in Crypto Market.
If you are not aware of IPO and ICO then no need to worry, in this blog I will explain the difference between IPO and ICO. Also, how can you earn crypto at a cheaper rate or freely in an ICO? TO earn free crypto you can also read my blog on 7 Best Crypto Casino Faucets – Top Cryptocurrency Faucets To Earn Crypto Free.
Today there are just a few conventional alternatives available to you if you want to take your business to the next level. Such as getting a loan, finding a professional investor, or going public (IPO).
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What is a Crypto ICO?
Crypto ICO stands for Initial Coin Offering, just Like IPO (Initial Public Offering) in the Stock market
The use of ICOs is a new technique to grow your business today. A new method for businesses to raise capital using cryptos is called an ICO
In Crypto ICO, Tokens or coins are produced by businesses and sold to investors in exchange for money or digital assets.
Read the Powerful Guide To Understanding The Difference Between Tokens And Coins In Cryptocurrency.
How Does ICO work?
Suppose, If I wanted to start a company that made money from my video. I would create my own digital token, rather than give investors shares.
If you want to know the difference between a crypto token and a coin then read the difference between a crypto token and coins.
Consider that during my much-awaited Crypto ICO, investors will be purchasing a CEXP (Coinexpansion) Coin.
When my platform is operational, anyone who purchases our platform (Coinexpansion) digital token (CEXP) can either exchange them for other cryptocurrencies or utilize them directly.
You can watch my videos on cryptos and Blockchain technology exclusively if you use CEXP coin. It does not have any ownership benefits like other tokens. This enables entrepreneurs to maintain control over their businesses.
How can I persuade investors to join a Crypto ICO?
There are a few steps that need to be followed in order to get an ICO of your crypto coin or token.
The release of a white paper outlining my company’s approach is the first step. Investors will then be able to select if they want to participate.
However, simply putting together a white paper is insufficient. Each month, hundreds of ICOs are created and Launched on different Crypto exchanges. Yet you only hear about a select number.
Some of the most popular crypto exchanges for ICO launches are, Binance, Coinbase, Huobi Global, OKX, Bybit, and more. You can find the list of leading crypto exchanges here.
I, therefore, want my ICO to be a success. so that I don’t have to engage in a marketing blitz to persuade others. Even celebrities have supported several ICOs. Today most ICO is advertised with help of celebrities.
Over the past two years, the number of ICOs launched has skyrocketed.
According to a report, about 217 ICOs raised $6.6 billion through sales in the first quarter of 2018, an increase of more than 65% over the same period in 2017 and slightly under $7 billion overall.
One of the greatest ICOs has ever been of Ethereum (ETH). Ethereum is currently the second-largest cryptocurrency in the world. It sold 60 million ether tokens in 2014 and raised 31,000 BTC, or $18 million in fiat money, as capital.
Blockchain technology serves as the foundation for cryptocurrencies. which is why Blockchain startups tended to employ ICOs more frequently.
Even though they do not have or are not required to use the blockchain, various types of businesses are increasingly swarming to ICOs.
A real banana plantation in Laos, for example, produced Bananacoins, and if you purchased one, you would be financing the growth of organic bananas.
Is ICOs only for startups?
ICOs are no longer only for startups. The ICO of messaging app Telegram, which has over 200 million users, was one of the most eagerly awaited.
It has reportedly secured $1.7 billion for its Blockchain-based Platform.
Although the initial private sale of telegram tokens was intended to be a presale, there was such high demand, that a secondary market was created.
However, since there are no rules, it is impossible to regulate these sales.
How is ICO regarded?
Even though ICO has received media attention for being outlawed in China and South Korea, they are still theoretically lawful in numerous nations.
Singapore is one nation that has become a major ICO hub.
Singapore raised more than $260 million in 2017 third-most behind the US and Russia.
Since ICOs are generally unregulated around the world creators are spared the costly procedure and middlemen that public corporations have.
Without regulation, fraud becomes exceedingly prevalent.
For example, some founders have been reported to have vanished with millions of dollars and a recent study revealed that 80% of ICOs are frauds.
A $15 million ICO by Munchee was shut down by the Securities and Exchange Commission, which also created a phony ICO website to inform investors.
There are many unanswered questions about ICOs.
Why would a shareholder want to invest?
There are many reasons why you should choose ICO. Some of the reasons are discussed below.
High returns are provided by ICO. The SIP has an average return of roughly 10%.
In contrast, one venture capital firm calculated that the return would have been 13.3 times your initial investment if an investor had invested blindly in every ICO, even though a sizeable portion of them failed.
Similar to how that response fueled the current ICO frenzy. But keep in mind that high gains come with high risks.
You can also check the way to make passive income with cryptocurrencies.
Conclusion
In the end, I would like to summarize all this Crypto ICO is the best way to earn free cryptos and boost your income.
But you need to be aware before opting for an ICO as most of the ICOs are fake.
And in some case price of the token/coin get low after launch.
Research needs to be done before you go for an ICO and it will help in selecting the best one and saving money.
