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What is an ICO used for and what does it finance?
ICO’s are intimately linked to blockchain technology. Most often, they are going to launch decentralized applications that work on a specific blockchain protocol, such as Ethereum or Bitcoin. ICO’s can also be used to directly finance Blockchain protocols, such as the Tezos protocol.
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How to Invest in Initial Coin Offering
And there is also a big advantage for companies that decide to launch an ICO to finance themselves: anyone can participate in an ICO, there are no restrictions of any kind, and this greatly widens the potential pool of investors interested in participating. At the same time. However, there are also relative risks for those who decide to invest in an ICO.
How can I get reliable and unreliable ICOs
During the ICO period, the price for a coin is often very low. That means that you can purchase the ICO for a very low price. When the ICO is finally added to an exchange, the price often rises phenomenally. By investing in an ICO, you can make huge profit in the short term.