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Initial Coin Offering (ICO) is a popular method of funding cryptocurrency projects. It is known as the event when ultimately new cryptocurrency projects offer part of its cryptocurrency tokens to enthusiasts and adapters. Token ICO is sold in exchange for real money. This way, the creators of cryptocurrency projects get extra money for the necessary operations. ICOs raise money in various cryptocurrencies, with Bitcoin being the leading one.
Most commonly, ICO starts before the project is finished, as it is aimed at covering the expenses related to its launch. Additionally, a specific part of ICO funds goes into a foundation, which supports the ongoing project. The ICO crowd invests in the success of a specific project, and its profit depends directly on it. Participants can help raise the awareness in other communities by getting the word out. They can also guarantee early liquidity for cryptocurrency tokens in case they start trading. The fundamental motivation of the participants is the potential profit they can gain if the projects take off and the cost of the token increases on the ICO market.
Viewing the ICO statistics you can track the tendency and try to opt for the most profitable and beneficial token. However, before you learn the coin list and fund some projects, you need to learn certain specifications and peculiar characteristics of the ICO average token:
Being an enthusiastic participant, you should study the ICO market in order to fund potentially beneficial projects. Following the statistics, the recent most profitable world token ICO was EOS, which gained over $400 million during three months. The first two stages were ultimately beneficial for the participants when the third stage became the most detrimental in history.
It is crucial to learn ICO overview before funding, as you need to estimate the risk and potential. To get the ICO token beneficial sale and be in time for investment, you need to search different cryptocurrency forums. At such platforms, you will find vital information about the announced projects, including:
If you are ready to fund, you can do it mainly in Bitcoin by creating the account of every participant or using the global, public address. The dynamics of ICO may vary, so you should watch the tendency and make the right decision.
Raising money will take several weeks. The moment the ICO is completed, and you have got the project launched, the tokens are listed on cryptocurrency exchanges to trade against diverse cryptocurrencies. As a result, timely funding can either help you gain profit or lose your funds.
It is inevitable to learn the success and failures of the latest ICO, tendencies, and peculiarities, as it provides you with the understanding of the best time for investment. After you have tried several projects, you start feeling the moment, so the announcement of the next ICO will be the best news for you and an ultimate opportunity to gain profit.