How to get your cryptocurrency out of ICOs
What is an ICO?
An ICO is an online crowdsale, usually in a cryptocurrency.
It’s like an early stage funding round for a startup, but with no promise of profit.
An ICO is similar to a traditional crowdfunding, except that it’s not funded by a company, but by the crypto community itself.
This makes it much harder to trace who the investors are and how much they’re willing to pay, but it does allow investors to gain an advantage in a crowded market.
As of October 2018, there were nearly 4,300 ICOs, with more than 100,000 total tokens raised, according to data from Coindesk.
The average token price has been hovering around $0.18 for the past five years.
How can I buy?
It’s possible to get an early-stage investment for just $35, according the Coinded website.
The ICO is a great way to get a stake in a growing industry.
For example, you could buy a stake by investing in a company that’s raising money in an ICO.
However, you may need to shell out some extra money if you want to own shares.
If you want a quick overview of the most popular ICOs in 2018, check out CryptoCompare.
It’s not always easy to spot the ICOs you’re interested in.
If you’re not familiar with the industry or you’re looking for something more detailed, CoinDesk’s Coin Market Cap guide provides an overview of all the major ICOs.
If you’re in a hurry, you can also browse the latest ICOs and see how much you can invest.
Do you have any questions about the ICO industry?
Share them with us in the comments below.
Disclaimer: This article is provided for informational purposes only.
The information presented on this site is provided “as is” and should not be construed as investment advice.