What is ICO?
ICO or Initial Coin Offering is an unregulated way of crowdfunding a project with the help of cryptocurrencies.
Why invest in ICO?
ICO can be lucrative sometimes. For good coins, ICO provides a great entry point. Plus, through ICOs companies sometimes give bonus coins for free. However, all the ICOs are not good. Sometimes, just after the launch, investors may start dumping (because of lack of faith or quick gains). And the price may drop significantly. But, if it is a good coin, it will definitely come back stronger. So, do your own research before investing.
Things to keep in mind before investing in any ICO
- Investing in ICOs does not always guarantee good returns; sometimes, it may turn out to be a bad investment
- All ICOs are not good. Please invest your time and find out how good the project is and who all are talking about the ICO before making any investment.
- Stay away from ICO Scams. Everything that is advertised is not true. Find out if the ICO is real or are they just trying to scam you.
- Technology and Concept