Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Cryptocurrency ICO and How it Becoming Popular

Author: David Jones
by David Jones
Posted: Nov 26, 2017

Portals like NewsBTC make great sense with their latest and updated cryptocurrency ICO related news. They guide the traders and investors to make better trading and investing decisions. As we all know Initial Coin Offerings or cryptocurrency ICO is hot issue these days for various reasons, a lot of people are willing to explore everything possible.

Additionally, as cryptocurrency ICO can be considered as an alternative form of crowdfunding that has emerged outside of the traditional financial system, lots of people and companies are willing to explore the potential. This model has helped a lot of successful projects and companies get the funding required to start their business.

For instance, in 2013, over US$5.1 billion were raised via crowdfunding worldwide, which increased to US$16 billion in 2014 and was estimated at over US$34 billion in 2015. Thus, there is huge prospect for cryptocurrency ICO out there in the market and that is a reason a lot of people is willing to explore the potential available.

Cryptocurrency ICO Make Great Investment Opportunity

Here it must be added that Initial Coin Offerings, also known as ICOs is the cryptocurrency version of crowdfunding and are a part of the crypto world that is most likely here to stay. It's one of the easiest and most efficient methods for companies and individuals to fund their projects and for regular users to invest in projects they see value in.

Traders and investors must know that an Initial Coin Offering is an event that usually extends over a period of one week or more and in which everyone is allowed to purchase newly issued tokens in exchange for established cryptocurrencies like Bitcoin (BTC) or Ether (ETH). Portals like NewsBTC guide through the traders to help them emerge as leader in the industry.

Profitable Trading and Investing Opportunities

It has been mentioned above that in an ICO, there can be a specific goal or limit for project funding, meaning that every token will have a pre-designated price that will not change during the Initial Coin Offering period, which also means that the token supply is static. Cryptocurrency ICO is great opportunity to make investment and reap dividends.

Lastly, as it is also possible to have a static supply with a dynamic funding goal, in which the distribution of tokens will be made according to the funds received, meaning that the more funds the project receives the higher the token price will be.

Read more about ICO - Initial Coin Offerings at NewsBTC

About the Author

NewsBtc is one of the leading Bitcoin news portals in the world. We provide the latest news and updates on Bitcoin along with technical analysis, real time price charts and the list of best Bitcoin brokers to trade with for higher profits.

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: David Jones

David Jones

Member since: Feb 19, 2017
Published articles: 37

Related Articles