Keys to Understanding what an ICO is

In the world of cryptocurrencies, many terms such as blockchain, virtual currency, cryptocurrency, mining or ICO are handled, which can generate confusion and many questions, however, in very few cases we stop to know in depth the meaning of some of them. On this occasion we want to tell you all the details of ICO, an instrument that is revolutionizing business financing.

What is an ICO?

An ICO or Initial Coin Offering is an instrument to raise funds and develop a blockchain ecosystem. The term can also be related to the birth of a cryptocurrency. An ICO is similar to the model of the IPO (Initial Public Offering) term used when a company goes public and wants to offer its shares to investors in exchange for money, in this case, the ICO is offered to some initial investors the new coins in exchange for money. It can also be seen as a method developed by blockchain technology technicians to capitalize on their new projects.

Why invest in an ICO?

Before considering investing in an ICO, it is advisable to study the potential that the project may or may not have. Many of the projects that you want to develop through an ICO are designed by very innovative companies and in theory tend to have great chances of success, in which case the investor could benefit from a subsequent increase in the value of the token, if the project Is successful. Obviously the earlier you make the investment, the better prices you will get.

One of the most popular and successful ICOs was the one made by Ethereum’s intelligent contracts platform, where cryptocurrencies were traded at a cost of just $ 0.3 per Ether. Currently the cost of these exceeds $ 12, which speaks of the clear advantages that these events can have for users who choose to participate in them.

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