ICO is the abbreviation of Initial Coin Offering. An initial coin offering (ICO) is a means of crowd funding centred around crypto currency which can be a source of capital for start-up companies. Since 2013 ICOs are often used to fund the development of new crypto currencies. The idea to presale coins of a crypto currency or token of a block chain project has evolved in a crazy successful instrument to raise funds for the development of a new application. The first token sale (ICO) was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014, raising 3,700 BTC in its first 12 hours
- Many ICO has been a lucky choice for investors. ETH, for example, was sold at 0.0005 Bitcoin which is now traded at 0.06372 Bitcoin.
- In May 2017, the ICO for a new web browser called Brave generated about $35 million in under 30 seconds.
- Messaging app developer Kik’s September 2017 ICO raised nearly $100 million.
- Ethereum is the leading block chain platform for ICOs with more than 50% market share.
- The ICO market is still completely unregulated. Everybody should be aware, that this does imply not only large profits for investors, but also large losses.
Here is Few Upcoming ICOs of 2018:
- BitHub :a profit sharing digital asset exchange company with a team headquartered in New York, USA .The BHT token crowdsale will begin with a one month long pre-sale campaign starting Jan 10, 2018 at 00:00 GMT with a total supply of 7,500,000 BHT. The initial rate will be set at 5 BHT = 1 USD
- BitComo : the first decentralized platform in the CPA-partner network based on Block chain technology with the use of smart contract algorithms. Price 1 BM = 0.30$
- surePal :a next generation of peer-to-peer insurance based on social proof endorsements. Price 1 IPL = $0.1
Be Smart. Invest Smartly.
Disclaimer : Please take advice of your financial advisor before any investment.