ICO stands for Initial Coin Offering. An Initial coin offering as understood by the name is used by the startups to bypass the regulated capital-raising process required by venture capitalists. In simple words, ICO is the beginning of a new cryptocurrency. The second largest cryptocurrency “Ethereum” has also begun from here. In other words ,this is same as IPO (Initial Public Offering) for stock market listings.
How ICOs Work?
When a new cryptocurrency firm wishes to raise money through ICO. They have to run an ICO campaign which includes all the information like how long the ICO campaign will run, what will be the target, how much the virtual tokens and so on.
During the ICO campaign, supporters of the firm or those who think that this firm will grow in the upcoming days, buy the tokens of this cryptocurrency via virtual currencies or hard money. If the money raised does not meet the minimum funds required by the firm, the money is returned to the backers and the ICO is deemed to be unsuccessful. If the funds’ requirements are met within the specified time frame, the money raised is used to either initiate the new scheme or to complete it.
Every investor invests in that coin for which he/she think that the plan will become successful. The price will hike, and the initial coins will turn into a huge cryptocurrency.
Why Invest in ICO?
This is completely your luck to invest in ICO. But if your choice becomes a huge cryptocurrency then you could become a millionaire. There are many startup firms which are using ICO to raise their initial cryptocurrency price. The benefit of investing in ICO is that the price is always low here as it is a startup. You can buy so many tokens at a very low price. You can buy them via Bitcoin easily. Investing 100$ or less to buy 20 tokens in new cryptocurrency firm which could become a huge cryptocurrency in the next three years so that each token value will become 1000$. So, in 3 years your $100 will become $20,000. But selecting best ICO is a big deal for investors. You have to research well for all the Active ICOs, upcoming ICOs, and then go for the best deal.
In any case it is always advisable to invest at least a little bit in ICOs and test. Try not to invest too much but at least $100 is a good idea. Who knows! if that ICO grows 100 times you can have a good income. If you have more money try to invest in multiple ICOs and hence maximizing your chances of profit.
Best Successful ICO Project
The best example of a successful ICO project is Ethereum. It was very profitable to early investors. Those who invest at least $100 in Ethereum in the year 2014 become a millionaire in the year 2017. In 2014, the Ethereum project was announced and its ICO raised $18 million in Bitcoins or $0.40 per Ether. After the target reaches its destination. The new investors showed their interest this project. The project went live in 2015 and in 2016 had an ether value that went up as high as $14 with a market capitalization of over $1 billion. By the end of the year 2017, the value of one Ethereum become $800 and the market capitalization boosted to the trillion.
How to Invest in ICO
There are currently more than 1,000 coins available on different exchanges, with hundreds more in the process of being listed on exchanges. To start investing in ICO, first of all, visit –
These three are the highly recommended sites to visit for knowing the active and upcoming ICOs. And then you have to open an exchange account. You can buy ICO tokens with Bitcoin or Ethereum. You have to pay your Bitcoin or Ethereum that you are having in any wallet.
There is another method to trade in ICO is direct trading. This method is offered by many websites. bittrex.com, liqui.io, binance.com, poloniex.com are the common ones. In India you can buy cryptocurrencies from these websites, but none offer ICOs at this point.