What is ICO? Want to invest in ICOS ? Here you go

Ever heard of ICO? Here's what that means....ICO stands 'Initial coin offering'...its sort of like an initial public offering.
Only instead of selling shares in the company start ups are using ICOs to sell cryptocoins in exchange of cash.
Essentially a company will create it own digital tokens and sell it to investors.Investor can then either keep their new tokens or trade them in for others

For example take www.utrust.io
Utrust is a start-up working on decentralised payment service platform
To raise funds for its project development,utrust created its own digital token called utrustcoin(UTK)
Utrust held an ICO and investors are currently buying $50 million worth of utkcoin.
After ICO investors then have two options for how to spend their utkcoin...trade them for more popular digital tokens like bitcoins or ethereum or you can use the utrust token in the platform by spending it on merchants that
support utrust or private buyer/seller transactions .

And while ICOs are similar to IPOs....there are some fundamental differences between the two.. ICO investor don't typically hold a stake in the company raising funds and like IPOs ,ICOs are fairly unregulated by governments.
But thats starting to change some national regulators are cracking down on the crypto markets in their countries
on Sep.4, china's central bank made all fundraising through ICOs illegal And sep.29,south korea enacted a similar ban on all new cryptocurrency sales.while regulations in the US haven't been a clear cut.The sec weighed in on the subject back in july(security and exchange commission).The government of India has already finalized as of early August 2017 the draft proposal recommending how to regulate the use of digitat currencies and ICOs.

And there's been a number of crypto skeptics in the US doubting more than just digital fundraising
Well known investors like warren buffet and howard marks have expressed their skeptism about the skeptism about the future of cryptocurrencies

In september JPMORGAN Chase CEO Jamie dimon called bitcoin 'fraud'
"you can't have a business where people can invent a currency out of thin air..and think the people who are buying it are really smart..it's worse than tulip bulbs ...okay it won't end well.it'll eventually blow up .It's fraud."

But some would argue that crypto skeptics like Dimon stand to lose from bitcoin's rise

JORDON BELFORT,The shrewd stockbroker who spent 22 months in prison for fraud and running scams which duped investor around USD200 million ,who was author of the book and immortalised in the Leonardo Dicaprio starrer 'The wolf of wall street' said to financial times that ICOs,the fund raising methods linked to cryptocurrencies like bitcoin ,are "far worse than anything i was ever doing" and he term ICOs as "the biggest scam ever".

But comments from industry leaders aren't the only ones the crypto community is concerned about...Celebrities have increasingly been promoting ICOs,which is drawing a lot of unwanted attention..
Floyd Mayweather has been the most prominent ICO booster. In late July, he posted a picture of himself on Instagram with a suitcase of cash, boasting “I’m gonna make a $hit t$n of money … on the Stox.com ICO.”

Actor jamie Foxx recently tweeted about an ICO he was participating in...and as one early bitcoin investor puts it..foxx's tweet is a good indication of "peak ICO".

Celebrity heiress and reality TV star Paris Hilton has taken to Twitter to announce her participation in a token sale, or ICO called Lydian, the venture claims the project is developing "blockchain driven technologies to reduce ad fraud and to maximize the effectiveness of ad marketing expenditures." The idea has been floated by a number of projects of late, including efforts backed by advertising industry participants.

And many more celebrities to name the more the attention that gets drawn to the ICO ...the more likely a regulatory crackdown may be ahead
While it remains to be seen how regulators will tackle the crypto market going forward...
One thing is sure -this billion dollar market is not going away anytime soon
Over $2 billion raised through the controversial fundraising method so far this year.

If you'd like to know more about bitcoin, shoot me a PM and I'll sent over some resources.

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