What is an ICO?
ICO refers to the INITIAL COIN OFFERING or it is also known as INITIAL CURRENCY OFFERING. It is a type of utility token in order to funds their projects and comes from cryptocurrency. An ICO can be the source of capital for raises their companies. It is a high risk investment.
In this any error will result in a loss of investment. It include two term which is Soft cap and Hard cap. Soft cap means minimal amount required and Hard cap means maximum accepted amount. In this their is no paper work and help to start their company. The ICO membership has its own benefits like members became a vital part of the ecosystem, an innovative way to extend capital that offers a plant against political and economic shocks. No one can block your cryptocurrency wallets. There are no limit on where, you can send cryptocurrency. In this transection fees is low and transaction time is comfortable. It is a decentralized method. Any one can easily to hack. If we can take part in ICOs, then we will need to purchase cyber cash and be clever to utilize them. The one who connected to the ICO, is also connected to the roots of the company.
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Advantages and Disadvantages of ICO.
Advantages
- Lower fundamental charges.
- Their is no any work related to the paper which we can write.
- It is easier to begin establishment.
- somebody can purchase token.
- Greater chances of becoming acceptable for the company.
- It is a circulated.
- Transparency is also a advantage of ICO.
Disadvantages
- It is easy to hack.
- Minimum cap.
- Lower funding.
- Nation can take part in limit.
- Scalability problems are comes out.
- Scam.
Conclusion
ICOs is the best way for the people to invest before know full information about the ICOs. But their is any error will result in a loss of investment. Any one can take part in ICOs is also attach to the origin of the company. So as much as thinkable we can do hard work and do full research before investing on it.
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