|
|
One reason why cryptocurrency can make you rich is the opportunity to buy early during an ICO Initial Coin Offering or even at its first exchange listing, potentially producing exponential rewards.
IPO Initial Public Offering prices are much higher because the company already has an established value, which also implies more risk of the price going down compared to an ICO.
Buying shares from an IPO can be seen as an investment into the holding value of a company and to the continued growth and vision of the company.
An ICO funds a new project, which means early buying is more of a supportive action. Payment is being made on an idea and the costs to launch this concept into reality, and returned to you as a token or coin.
If the newly launched platform proves to be successful, the value of the ICO tokens can rocket.
IPO Initial Public Offering prices are much higher because the company already has an established value, which also implies more risk of the price going down compared to an ICO.
Buying shares from an IPO can be seen as an investment into the holding value of a company and to the continued growth and vision of the company.
An ICO funds a new project, which means early buying is more of a supportive action. Payment is being made on an idea and the costs to launch this concept into reality, and returned to you as a token or coin.
If the newly launched platform proves to be successful, the value of the ICO tokens can rocket.
Successful ICO projects include the smart contracts platform Ethereum, whose ICO Ether coin tokens began at a $0.40 value, a humble start to its current price.
NEO is another smart contract platform that started with an ICO price of only $0.032 and has soared to this current price. |
These both represent over a whopping 350,000% increase over their original ICO price!
ICOs are a popular way for companies to raise capital in the cryptoworld because they can be sourced directly from the public and allows them to bypass the more stringent regulations required by banks and venture capitalist firms.
Consequently, there has been a dramatic rise in ICO projects with a rare few even being cancelled on the rare occasion when their hard caps are reached even before their ICO start dates.
ICOs are a popular way for companies to raise capital in the cryptoworld because they can be sourced directly from the public and allows them to bypass the more stringent regulations required by banks and venture capitalist firms.
Consequently, there has been a dramatic rise in ICO projects with a rare few even being cancelled on the rare occasion when their hard caps are reached even before their ICO start dates.
|
|
*Please understand that the information on this site does not constitute financial advice in any way.