Cryptocurrency Investing Bible: The Ultimate Guide About Blockchain, Mining, Trading, ICO, Ethereum Platform, Exchanges, Top Cryptocurrencies for Investing and Perfect Strategies to Make Money by Alan T. Norman

Author:Alan T. Norman [Norman, Alan T.]
Language: eng
Format: azw3, epub
Published: 2017-11-16T05:00:00+00:00

ICOs (Initial Coin Offering)

To date, a lot of people participate in so-called ICOs (Initial Coin Offering). Roughly speaking, this is another interpretation of a crowdfunding model, similar to an IPO. The participants finance the development of a project in return for future benefits but without any guarantees. ICO is the issuance of coupons or tokens by a certain project to be used to pay for site services with cryptocurrency in the future.

ICO has a lot in common with a venture fund, i.e. an investment fund focused on working with innovative enterprises and projects (startups). A venture fund invests in securities or shares of enterprises with high or relatively high risk and expects extremely high profits. As a rule, 70%-80% of such projects do not bring returns. However, the profit from the remaining 20%-30% makes up for all losses.

If you think you are brave enough to sponsor a project without guarantees, first ask yourself:

Am I ready for extra risks?

Do I have a capital cushion for diversification?

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