Want to learn a little of ICO’s?

If you are interested in learning ‘’what is ICO’’ and looking for ‘’what is ICO guide’, this article will help you to understand what is ICO and how does it work. 

An ICO, or Initial Coin Offering, is a new way to raise capital for all sorts of projects by selling a cryptocurrency. It’s mostly used by tech startups. Those are the basic facts you should know about ICO. However, if you are not satisfied with an answer what is ICO for beginners, and if you are searching the internet for ‘’everything you need to know about ICO’’ it will take many days until you learn everything in this very dynamic sector.

ICO history started in 2013, when the first one was held by Mastercoin, a digital currency. 

The market saw 235 ICOs in 2017, five times more than in 2016. They helped raise over USD 3.7 billion, compared with USD 96 million in 2016. The largest ICO to date (as of December 2017) is that of Filecoin, a decentralized data storage network, which raised USD 257 million in 2017. Lists of ongoing ICOs can be found at coinschedule.com and on other websites. It could also might help getting started with ICO.

How does ICO work?

A project or company specifies its intentions to hold an ICO by publishing a so-called whitepaper. There it explains the project, its goals, how much capital it needs to raise, when the ICO is scheduled, and other information to help investors decide whether to participate.
In exchange for making an investment, an investor gets the project’s cryptocurrency, usually referred to as a token. Depending on the project, tokens may be acquired in exchange for other cryptocurrencies or for fiat money like US dollars, euros, and so on.
ICOs let startups and other companies raise capital much more easily and quickly than, for example by selling shares or bonds or getting loans, since the market is still largely unregulated and they don’t need to deal with venture capitalists or banks. Going forward, however, raising capital via an ICO can be expected to become more and more complicated as the market matures and new regulations are introduced.