RE: VLOG 210: THE DANGERS OF ICO'S

You are viewing a single comment's thread from:

VLOG 210: THE DANGERS OF ICO'S

in trevonjb •  7 years ago 

I am new to this Bitcoin world. I want to know, what is ICO?

trevonjb
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.17
  • Past Payouts $0.17
  • - Author $0.14
  • - Curators $0.03
2 votes
5
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    initial coin offering, risker than owning crypto, but projects launch tokens to raise funds to build their project.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote
      [-]
        ·  7 years ago 

      Thanks, I better stay with Bitcoin, Dash and Monero.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        It's an Initial Coin Offering, basically the first chance the public has to buy a crypocurrency (and a big portion of how the developers make money on the project)

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          [-]
            ·  7 years ago 

          me too...

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            [-]
              ·  7 years ago 

            Initial Coin Offering. It is when a project sells off a certain percentage of their coins to help fund development and give the project runway time to develop and bring their app/product/platform/whatever to market.

            ICOs are especially risky because not only are you buying into a new cryptocurrency, but there may not already be any existing product or market for it, it could very end up being vaporware, a scam, or it could just legitimately fail despite the development teams best efforts.

            It is supposed to be the crypto-equivalent to an IPO (initial public offering) of company stock, but in the crypto world there are much less (if any?) regulations to protect investors. Definitely do your own research and make sure you understand what you are buying and what you are investing in before investing anything into an ICO.

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            $0.00