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What's to Know About an ICO?

Hi Readers:

It's been a minute since I have written anything about cryptocurrencies; especially since Bitcoin took a serious nose dive from 11,000 to 8,000 dollars from January to March. The regulations are getting tougher and tougher. It's hard for the average guy or girl to make money in a non-traditional fashion.

However, the wheels just keep turn and we as entrepreneurs keep finding ways to create wealth.
Over the last three months, I have been studying and learning about ICOS. Since this is the latest trend and appears to be a safer and more lucrative avenue for the average person with no or little capital.

ICOS has raised plenty of capital for start-up companies since last year. With this newfound way to create tons of capital, more entrepreneurs are utilizing ICO to create funding before going to the marketplace; therefore creating a more profitable product/token before listing on public exchanges.

Let's get to it! What actually is an ICO?

An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. ... ICOs are a relatively new phenomenon but have quickly become a dominant topic of discussion within the blockchain community. Aug 10, 2017

What Is an ICO? - Nasdaq.com

https://www.nasdaq.com/article/what-is-an-ico-cm830484

Some attributes of a good Initial Coin Offering
  1. Must be sustainable
  2. Address and solve a current problem
  3. Must be a demand for the service
  4. Must have a white paper( the white paper will define what the company is addressing and implement a plan to resolve the problem)





There are many new ICO popping up everyday. Please don't be fooled by them. Some are easy to join and others are not open to US Citizens. Before considering any ICO , read the white paper. Do your due diligence. You can research by reading Reddit, conducting a Google alert. Join groups that talk about ICO and learn as much as you can.


  I am following this ICO

 http://dropil.com

Here is a video on Dropil and how it works
https://centibits.com/dropil-trading-bot-dex-1k-drop-tokens-sign-up-bonus-bitcoin-cryptocurrency-testing-data/














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