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Initial Currency: An Overview

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ICO (Initial Coin Offering) is becoming the latest trend in the cryptocurrency industry. The initial offers of coins (ICOs) create a rage in recent times. Several organizations have raised about $ 1.5 billion through this lucrative fundraising mechanism this year. If you still wonder what is ICO, then read this article to unveil this very innovative system that has set the cryptocurrency industry on fire. As the global concept of ICO gets hotter and hotter by the day, our experts explain in detail the meaning and overall mechanism of this famous cryptocurrency crowdfunding system.

What is an ICO (Initial Coin Offering)?

An ICO (Initial Coin Offering) is a new concept that has emerged from the roots of crowdfunding with crypto-currency and blockchain technology scenarios. An ICO also calls "crowdsale". Basically, this is the phenomenon in which a particular company releases its cryptocurrency for crowdfunding purposes. A typical ICO works in the same way as the initial public offering (IPO). The only difference between the two is that rather than offering the company's stock in the event of an IPO, an organization offers digital assets called "tokens" in the case of a company. ICO.

The crowdsale of a digital token is similar to a crowdfunding campaign. The only difference is that this mechanism uses special cryptocurrency technology to check different transactions. Digital tokens are not just appropriate substitutes for actions in this case. Instead, they can be configured in such a way that holders of the same thing can get additional services like cloud storage space, instead of on behalf of the particular company.

History of the OIC

One of the first cryptocurrencies that distributed the concept of ICO (Initial Coin Offering) was Ripple. In early 2013, Ripple Labs began developing the Ripple. This system was known as the "payment system" and the company was able to create up to 100 billion XRP digital chips. To fund the development of the cryptocurrency platform Ripple, the company has sold these digital tokens.

In 2013, another company named Mastercoin claimed that it would create a separate layer over Bitcoin cryptocurrency. This would be done to mark transactions on Bitcoin and execute smart contracts. The developing company has been able to sell a few million Mastercoin chips against Bitcoin cryptocurrency. In return, the company benefited from crowdfunding of about $ 1 million.

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Several other types of cryptocurrencies were also funded with the help of ICO. For example, Lisk (another famous cryptocurrency firm) was able to sell its coins worth about $ 5 million in early 2016. However, among all the cryptocurrencies, Ethereum is the one that has been sold value of crowdfunding via ICO. In mid-2014, the Ethereum Foundation was able to sell ETHs against 0.0005 bitcoin each. By doing this, the company has received up to $ 20 million. This was the highest value of crowdfunding ever received by ICO.

Types of Uses of the OIC

When you do business with ICO (Initial Coin Offering), there are two main reasons to use this crowdfunding concept. They are:

  • Crypto Coins : This concept concerns the development of new parts that are different from basic parts like Bitcoin and that has its own set of features.
  • Crypto Equity : This concept follows the creation of a new project. For this project to work properly, a special cryptocurrency is needed. The equity for the same is raised by crowdfunding which is achieved through the ICO. This allows equity to be available to everyone.

Later, purchased shares can be sold on a particular cryptocurrency exchange. This concept is similar to that of startups. As such, investors can invest in the given idea in the hope of obtaining profits on the same. Crypto equity is equivalent to a crypto token.

How to choose the right OIC (initial offer of coins)

Are you excited about investing in some ICO services? If you are intrigued by the concept of ICO, then you can invest in the same to expect high-end profits from the same thing. However, to maximize the chances of earning profits and reducing risk, you must choose the right ICO service provider. According to our ICO experts, you can check out the best options on sites like Ico List King and Crypto Coin Judge. These sites will help you in the best possible way to maximize your profits with cryptocurrency trading.

Before investing in an ICO, it is important to check the offers or services offered by the company concerned. You might also want to check the product development cycle of the company and how it wants to increase the crowdfund through its ICO. One of the major problems faced by companies is overfunding. There are times when there is no practical logic behind the amount of funds raised. Some companies simply do everything they can, without having a specific plan for the overall use of the product. Therefore, you must be careful enough to be aware of such a scenario.

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By analyzing who is behind the ICO with his management team, you can go to a much safer end. The knowledge of who are all involved in the ICO of a given company is the fundamental right of investor protection. To be on the safer side of the investment of the OIC, you need to pay attention to the following:

  • Offers that were made in a given regulatory framework
  • Tokens that were backed up by titles, not utility functions
  • ICO issued through the intermediary of certain brokers

When you know these investment parameters, you can make the best possible decision with regard to OIC investments and maximizing profits.

Optimize your profits with the best ICO sites

If you are eager to make an effective investment of the ICO and derive the maximum benefit, you must access the most reliable options. As such, Crypto Coin Judge and Ico List King are the best ICO sites out there where you can get plenty of information on the most profitable ICO offerings on the market.

Let us unravel these major ICO sites in a detailed manner for your ease:

Crypto Coin Judge : This is a famous cryptocurrency trading site and ICO site that offers tons of valuable information to naive traders. If you are new to the cryptocurrency trading industry and would like to know more about it, you can go to Crypto Coin Judge to get a deeper understanding of cryptocurrency trading. This site offers traders accurate comparisons as well as detailed reviews of some of the best cryptocurrency brokers. Whether you are a beginner or a cryptocurrency trading pro, you can learn more about the most reliable cryptocurrency trading platforms on this site.

Crypto Coin Judge is a very reliable online platform that aims to inform traders about recent trends in the cryptocurrency industry. In addition to this, it also helps traders with the latest ICO exchange. Being a free and highly traders-accessible service, Crypto Coin Judge is your one-stop destination when you need to know anything about cryptocurrency or ICO trading.

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On Crypto Coin Judge, you can find a myriad of information regarding cryptocurrency trading. When you visit Judge Crypto Coin, you can find the following information at your disposal:

  • Latest news and articles about the cryptocurrency trading industry
  • Complete list, 100% authentic assessments of the various cryptocurrency brokers and trading platforms
  • Effective Bargaining Guide for Beginners and Professional Traders
  • Lists and Trials of Bitcoin
  • The offers of the ICO and the best ways to earn the maximum profits by the same

See you now at Crypto Coin Judge to ensure your success at ICO trading!

King of the ICO List: This is another famous name in the field of the best service providers of the ICO. If you are considering making ICO investments, then you should visit Ico List King to get an in-depth idea of ​​the best options possible and how to maximize your profits with the same. ICO List King is one of the leading cryptocurrency news sites that unveils the list of the best and most lucrative ICO offers available to traders. As a trader, you can visit this site to get an idea of ​​the best trading solutions and how to invest in a given ICO to gain maximum profits.

With ICO List King, you can collect all the highly profitable ICOs for yourself in an efficient way. Through a detailed comparison and review of different ICO offers, this site allows you to choose the best one from several available options. Visit Ico List King now to maximize your ICO profits!

Have a good time with the ICO trade!