Scams associated with ICO have raised scepticism and distrust among investors. These doubts are justified because various quick money making schemes are taking advantage of ICOs. This affects honest business owners and innovators as well, making it challenging for them to start a successful ICO. Here are a few things to do:
ICO or Initial Coin Offerings gained popularity in 2017 and it’s a new way for businesses and projects to raise money. During ICO, tokens are offered as an investment platform (stock). There are three basic forms of investment tokens:
Before making an ICO, a company will release some information about it. In general, you will know its current asset value, what it does and how much it earns annually. After you are certain about the legitimacy of the company, here are things you should do:
Since early 2016, nearly $10 billion has been invested through ICO, with so many entrepreneurs seeking to get an involvement into this financial phenomenon. Telegram managed to raise $1.7 billion through ICO and it proves that businesses can get serious money with this method.