Today, let’s have a clear idea about “the parent of digital investments”, ICO and its usual lifecycle of reaching investors!
Initial Coin Offering(ICO) is a popular fundraising technique for cryptocurrency start-ups and established businesses. ICO is just like our hotel's reservation system!
Yes! Before the launch of crypto tokens, the team of start-up reserves a certain amount of new crypto coins to the “whitelist” investors who can fund capital for the ICO project. The funds are received in the form of crypto coins like BitCoins, Ethereum or even fiat currencies from the whitelist investors.
ICO’s indirectly promote the usage of new launch cryptocurrency before even getting into the market and attracts the developer's notice. Once the ICO project reaches the team of professional developers, successful steps of launching crypto coins are nowhere longer!