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CRYPTOCURRENCY GUIDE TO ICOS AND WHAT TO LOOK FOR!


A COMPREHENSIVE GUIDE TO INITIAL COIN OFFERING (ICOS) • Initial

Coin Offering, also referred to as ICOs have taken centre stage ever since the launch of the concept. Such is the popularity of ICOs that start-ups are now using it for raising capital, instead of resorting to other methods like crowdfunding, IPO (Initial Public Offering) or seeking the help of VCs (Venture Capitalists). Read on to find out more about ICOs and the way they work.


ICOS EXPLAINED • Cryptocurrencies have taken the global financial market by storm. In fact, organizations have successfully raised millions of dollars through ICOs and Cryptocurrencies. It must be noted that the first Initial Coin Offering was announced in 2013 by Mastercoin. The company raised funds close to 600,000 U.S. dollars for creating an exchange for Bitcoin and related transactions.


WHAT IS AN ICO? • what is an ICO? Put simply, an ICO is much similar to an IPO or Initial Public Offering and is designed for raising capital. ICO is essentially a type of investment that provides investors with cryptocurrencies, in return for investing their money into the company, unlike securities that are issued in the case of the IPO.


HOW ICOS WORK? •

A start-up basically announces the ICO by setting up a blockchain, as well as the rules and the protocols. After this, the creator needs to initiate the mining process for coins that would be sold at the time of the announcement of the ICO.

This is done with the help of popular social media websites as well as other cryptocurrency-based websites, which further allows the company to effectively market their ICO as well as attracting large numbers of investors.

Apart from creating hype on the internet and social media sites, the creators also look forward to generating enough interest for pushing the prices of their ICO further.


STEPS TO CONSIDER WHEN LOOKING FOR AN ICO

Step 1: Research which are the up and coming ICO offerings

Knowing which ICOs are about the be released or ones that are coming in the near future is crucial to your preparation.

There are some very useful sites and resources available like

• • •

Top ICO List

A whitelist ICO means that you have to register in advance to participate in the ICOs, which are usually hallmarks of popular ICOs that have a limited number of coins to offer.

ICO Watchlist Cryptonaire Weekly (Our Weekly Trading Magazine -Sign up for free)

Step 2: Check The Project Out Fundamentally

• Investing and buying into ICOs is like anything in life, you need to perform certain checks before you consider being part of a particular ICO opportunity. You can speak with a trader today to discuss our methodology. However here are some quick tips to consider:

• Check the project out.What does it offer and how does it benefit the world or their audience?

• Explore the team, the setup, public visibility, their communication with the community, and the access to their team through telegram or direct phone calls. You will be surprised how many ICOs do give out easy-to-obtain contact details.

• There are also more and more sites popping up that give their verdict on ICOs which are worth checking out or using as a resource.However, I would always suggest taking the time to do your own research into the project.


STEPS TO CONSIDER WHEN LOOKING FOR AN ICO Step 3: Process of joining an ICO

• After

completing your research and determining you wish to proceed with participating in the ICO, then you should open a fiat-accepting cryptocurrency exchange account to convert your domestic fiat currency into the popular cryptocurrency, Bitcoin (BTC) or Ethereum (ETH).

• Most

ICOsaccept either BTC or ETH, some accept other coins but you will then need to follow the ICO’s particular instructions to complete the exchange. Having received your tokens, you will also need to consider storage. There are several offline storage devices, Nano S and Trezor which you can use, or you can set up an online wallet using appropriate sites like MyEtherWallet.

Step 4: Taking profits

• There are several strategies which the Platinum Crypto Academy provides as part of our Masters and Cryptonaire, depending on your personal goals.

• You can focus on short/medium/long-term strategies so once the coin is listed on the exchanges you can either wait to hit your price target, or judge accordingly when to cash out on the exchanges.


THANK YOU.

Guide To ICOs | Platinum Crypto Academy  

ICO is essentially a type of investment that provides investors with cryptocurrencies, in return for investing their money into the company,...

Guide To ICOs | Platinum Crypto Academy  

ICO is essentially a type of investment that provides investors with cryptocurrencies, in return for investing their money into the company,...

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