Raising millions with the initial coin offering

Most people who have heard about the ICO wonder whether it its real or it is just another scheme. This seems to be the fundraising future, but most people are wary about it. The initial coin offering is the greatest current trend in crypto currency and it has had an incredible start. It has become a very successful instrument when one looks for ways in which they can raise funds. Understanding the whole ICO concept helps one to know whether they will embrace it or ignore it altogether. Understanding the past trends and the current ones allows us to anticipate what the future will be like.

So what is it?

ICO is where someone offers units of a brand new crypto currency to investors against other cryptocurrencies. Since the year 2013, the ICOs have been used very often in the funding of new cryptocurrencies development. There are the pre-created tokens which can be sold or traded on all other cryptocurrency exchanges as long as there is a demand for them.

Due to the success it has enjoyed in the past, more and more people are using Ico so as to fund development of different crypto projects. This is done by the release of tokens that are integrated within the project. ICO has come in to revolutionize the currency and the financial system as a whole. The ICO tokens may very well be shares and securities tomorrow.

Its history

Cryptocurrency has been around since 2013. It was during this time that a payment system was created so as to develop the very first cryptocurrency. During this time, the company in question was able to sell the tokens so as to fund the platform they wanted to create. Other companies followed suit and more tokens were sold and millions received.

There have been other cryptocurrencies that have received funding through ICO. The ICO coins have been sold for millions since 2016. Of course, some of the ICO is more successful than others when we concentrate on the funds received. Crowd funding has become a great thing in the financial market. The whole concept of using tokens to fund projects has become a blueprint for a successful generation of many crowd funding projects. With those already established in the market, investing in the tokens is very easy. Transfers can be made within minutes as soon as the contract is passed into your wallet.

Present day

There are so many ICOs carried out every month and they try to explore some creative and new ways in which they can connect applications to the token and also to be able to leverage the smart contracts so as to add some more features to tokens.

The trend has a great potential. Each company and individual are given a chance to release the tradable tones so as to raise some funds. It is a system that could be used so as to reconstruct the whole financial system of securities as well as shares. ICO has been able to decentralize money, trade and stock creation. Resource

The ICO legal state isn’t defined. The token is usually sold like a digital good instead of a financial asset. This is one of the reasons as to why the term crowd sale is used. Funding isn’t regulated and that is what makes it so easy.

Scott Reeds is a results-driven marketing expert who has helped national and start-up companies build their business. He is involved with Sphere Network to help launch their decentralized social network and their Initial Coin Offering.