Skip to main content

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/














.
Labels:

Comments

Post a Comment

Popular posts from this blog

P.S.P. to help grow your Business with Van Darden

                                  What does PSP mean? Many entrepreneurs and business owners are looking for new ways to grow their businesses during this pandemic. Last year, I started asking myself what is the simplest formula to get people to become new customers in a non-threatening way. A way that would put everyone at ease. I came up with    Participate Signup Purchase  or  (PSP) which is the main goal of any business owner, right?  You are asked to just take a look or just listen to a webinar or pre-recorded call, you are participating, right? Well, I came up with PSP because that is what we do. We participate, then we signup and finally, we made a purchase. It's that simple. You are the business owner desiring new customers who want what you are selling or they need what you are selling and who find value in what you are selling. My formula is simple. Accept the offer to take a look or investigate the product and if you find value in it then do the follow
Post a Comment
Read more

Get Paid$10 when you buy $100 of Bitcoin

Help grow the digital currency community and earn free bitcoin. Using digital currency is more fun with friends! You can invite your friends by sharing the provided link. Once your friend buys or sells $100 of digital currency or more, you will both get $10 of  free bitcoin. CLICK HERE TO BUY BITCOIN
Post a Comment
Read more

Learned something New this Morning[the difference between a coin and a token]

I am fascinated with the technology of cryptocurrency and how its works. I have even joined and brought various coins and tokens. Now, I have come to a pivotal place where I need to decide what to call myself. I am not an affiliate. I am not a network marketer.. I am not a miner. I am not investor. I am a Global Partner with USI-TECH. That being said, I am buying mining packs  called #BTCPACKs  and want to share how I am making money earning increments of bitcoin. Everyday, I try to share information that is relevant to the thing that I am passionate about cryptocurrency. Yes, bitcoin is the mother of cryptocurrency and there are so many coins out there to buy. So this morning, I was reading a post by Patrick Camuso ( a CPA ) an expert in Cryptocurrency and taxes. I learned a couple of things that I did not know. First, the different between a coin and a token. The reason that I am writing something about this is ICO( Initial Coin Offering) is becoming very popular and raisin
Post a Comment
Read more