What's ICO (Initial Coin Offerings)
ICO in cryptocurrency world as in terms of IPO in real world. ICO are literally a method of fundraising for any innovative project. With an ICO lot of people (public) invest in a Company (raising money) for their Research / Development / Marketing their product.
How can i make Millions of Money in few years ?
Yes, Simple answer is buy as much Tokens as possible and hold for at least for 5 years you'll see a small investment can grow upto 10,000times further simplifying. A $1,000 investment could yield $1Million by no time and hardwork.
Does all ICO make you Millionaire ?
NO, There are lots of fake and Pointless ICO's coming up to eat up your money just for a name sake of ICO which eventually eat up your money.
How do i Assess if a ICO project is Legit
There are lot of methods to check the project.(you may have to read lot of crypto news, trends and etc to analyse)
Here are few points,
Question is who is behind this project?
People behind the projects are equally Important than anything else of their project. Since project can be only successful by Genius Developers.The Project Idea itself. What are they trying to solve. (According to me 90% of ICO's fail here). So 90 of the ICO's you're planning to Invest can be FAKE / Impotent to an extent.
Potential of the project. If this project is Successful, will there be any demand in market. Does this project be able to attract $Billions of Money and Demand for their services and has potential to expand exponential.
Who is Backing up. Any corporate company backing this. If project struggles to reach the Climax. will there be any support from 3rd party for help or reach the markets or a massive helping hand which can directly implement on their existing customer base.
So can i Invest and Forget
Never, That's most dangerous thing ever can happen with your investment. So what can i do ?
Keep track of developments (in github) as well as on cryptocurrency blogs on that project. Any upcoming moves from Projects will not make you surprise.
You don't need be speculative on what's the price going to be or so but many rough humps and dumps may happen in making to Millions but you need not worry on it. Since your goal is set big small jerks don't really matter.
How can i participate in ICO
There are few ways to accumulate the Tokens via Bitcoin / altcoins, But most popular is Ethereum. You need to but ETH (Ethereum) from exchange of almost any of the Country. I will add list of the popular Exchanges you can buy from.
Once you accumulate ETH in your Exchange you need to transfer it to your personal Ethereum Wallet and send those ETH to
ICO Address. You may need to wait for few days to receive ICO Tokens in your ETH Address.
There is huge possibility with ICO to make Millions of money by purchasing the company TOKENS which will be given in turn of paid amount(ETH). Tokens will be used to transact the value / product / services of that company. So if company makes lot of profit selling their products. There will be more people willing to buy same tokens which you bought it at the very beginning at the startup of the company.
Kindly note this not a Financial Advice. This is only for Informational purpose. I'll be no where responsible if you lose/gain in your investments. You need to take your own decisions for your hard earned money.
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