The Three Facts About ICO That You Should Know
Initial coin offering or ICO is a type of crowdfunding that is built into the blockchain environment. It’s a new and innovative way to get funds without the need to actually go to big corporations or investors to backup a certain project. ICO empowers small businesses to enable them to continue what they do by enabling individuals to tap into the market as investors. This makes them more independent
Crowdfunding is not a new idea, in fact, its a popular and highly effective idea for a various company to get their products in the market. Because of the popularity of cryptocurrency and not to mention its a league in its own, ICO provides this platform where people can invest directly thru their preferred currency (cryptocurrency). Its a very promising industry, and before you dive in, you need to read some information about it that is found below.
Its a fast growing industry: When a company goes ICO on a project, sales go out fast like hot pancakes especially with mining that yields a high-profit return. This is the reason why the industry is booming and this “bubble” that some financial experts told everyone that will happen with Bitcoin never happened. As many people are now recognizing its potential, many are investing in it.
It’s unregulated: The fact is that the industry is still unregulated and that leaves a bad taste in some investors. There is no standard procedure, to safety or guarantee, no investor or buyer protection, all you have mostly is that sense of trust and those things can be broken easily. This is the reason why there are various individuals, investors and organizations that are calling the ICO to self-regulate for the sake of the industry and their investors.
Visit review sites: Not all ICOs are legitimate nor have good concepts on their projects, this is the reason why ICO reviews are very important since these reviews will help you in deciding whether to invest or not. These review platforms provide you with details and breakdowns of every ICO on the market today and they would even give you their advice. Even if your investing small, its still money and investing in ICO is no small matter. Review platforms guarantee that you get the best investments from an experts standpoint.
Initial coin offering or ICO is a crowdfunding for cryptocurrency thru blockchain. It adopted the highly effective crowdfunding concept that has worked with various companies. With cryptocurrency being a currency on its own, it’s no secret that cryptocurrency would want to have that too to empower individuals or companies that want to have a successful project without the need in going to investors or corporation just to get fund and gain some traction. But because the industry is unregulated, its highly advised that investors or buyers do some research and that is where review sites come along. These review sites provide an expert advice and opinion on the various ICs on the market, what is good and what is bad.