There is plenty of misleading information about Initial Coin Offering all over the internet, so in order to find out what it really is, let us delve into the world of ICOs.
In the first quarter of year 2018, around $6.6 Billion were raised through crypto tokens and that is an increase of 65% as compared to 2017. This shows how ICOs are rising and how everyone is adopting this trend. Moreover, the ICOs based on Etherium are one of the most successful ones of all time. Etherium is the world’s second largest cryptocurrency after Bitcoin but is more organized than Bitcoin.
So what are the Initial Coin Offerings and how they work?
The ICOs basically revolve around the crypto tokens. You buy them and store them in a digital wallet, but unlike the IPOs their values are determined by their own economy. It is actually the hottest way of raising funds for your start up. For instance, you can raise hefty amount of funds for your start up by selling crypto tokens, which can as well be utilized to access limited resources for your project, such as storage space and datasets.
However, to be able to generate a lot of capital for your start up does not certainly mean that you have created an equal value. There are companies that create a lot of value but not generate equivalent amount of capital and vice versa. This is where ICO comes into play. ICO helps refine the relationship between these two phenomenon. You just need to have a nice web interface and a white paper full of your project details, and you can potentially generate millions of dollars in a matter of seconds.
How ICOs is different from the traditional IPOs?
Unlike the IPOs that requires months of legal filings, the ICOs can be easily performed by almost anyone, however, it requires plethora of thought process and arithmetic to prepare a winning white offering. In order to do your own ICO, the things that provide real value to the world, but are yet to be incentivized, are the perfect fit for you. Go after them, work on them, research about them and you will probably generate decent amount of funds.
On the darker side, ICOs are not regulated by anybody and sales coming out of the initial coin offerings are uncontrollable. Many countries have banned this process but in few, it is still legal. Singapore is one of them that and is even considered the hub of ICO.
Another publication super interesting. I'd like you to talk more about it, for example about the erc20 token that I find so interesting and attractive.
The ico are the future, I have had good experiences with avinoc and with byteball that have given me some gains. lending my support from the telegram channel of @crypto.piotr, what an interesting publication, I congratulate you.
@reinaldoverdu Sure my friend. This week I will come up with more ICO post. Hope you like those.
Thank you for your kind support and comment.
Hi @flash07
I used this reason few days ago while talking to a friend of mine and he pointed out what in 2018 most part of those $6.6 billion has been raised by EOS. Im not sure how to check it (perhaps you can) how much EOS raised this year alone? So we could have some more realistic comparision?
Also the problem I see with new ICOs is that there is more and more of them to choose from. And demand is not growing. So there is pretty much same amount of money in the market but distributed between increasing amount of ICOs and cryptos. Therfore it's causing prices to be steadily dropping.
Would you agree with me? I wonder if my worries make any sense.
Yours
Piotr
@crypto.piotr
ICO in 2017
Total amount raised : $6,137,710,958
No. of ICOs : 873
ICO in 2018
Total amount raised: $6,634,705,749
No. of ICOs: 1034
EOS alone raised $4.1 Billion. About number of ICOs - more are already there and more coming on the way. About the demand, I can't say anything for sure because one side all most every ICO reaching their funding goals which says ICOs in demand another side I am agree that money is distributing between ICOs and Crypto mostly.
About the price dropping at this moment, I think whales and Institutional Investors are manipulating everything. There is lot going with Crypto and ICOs so it's hard to make connection there as we can't say anything for sure.
About the worry if you are worrying about crypto market, sooner or later I think it will be recover like never before. I know I have not replied that well but tried my best to explain thing bases on what I know and what I think.
Thanks again for your continuous support.
How do you check all those informations @flash07?
Could you somehow tell me how much EOS raised in 2017? That would give me better picture?
My pleasure my dear friend:)
Piotr
I do refer multiple sites and articles for the figures. Here are some source ICO BENCH, ICO Watchlist, ICO Bazaar
Sorry I didn't found any exact data because everywhere mentioned total funded amount by 2018. But in 1 article which was published in 2017, they have mentioned that EOS funded $700 million by OCT 2017. Not many references so can't say for sure exact figure.
Late thank you for your reply @flash07
@crypto.piotr My Pleasure Sir 😃
@flash07 thanks for whole details about ICO , waiting for your next awesome post.
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@mike949 Thank You my friend
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Great tutorial! Following.
@wstanley226 Thank You
good information.
I just Upvote & comments you.
Please,
You also upvote and comments me.
https://steemit.com/mgsc/@mdsohagm24/invisible-mouse-clicks-let-hackers-burrow-deep-into-macos
@mdsohagm24 Thank you for your kind support and comment my friend.
About the article of yours I read it and find out you directly copied from source, also the bot commented on it too. Here on steemit you need to write your own & once you will do it there are very good people here on steemit who will support you. Just write your own content.
Wish you great success here.
On the darker side, ICOs are not regulated by anybody and sales coming out of the initial coin offerings are uncontrollable. Many countries have banned this process but in few, it is still legal. Singapore is one of them that and is even considered the hub of ICO.
@shishir2584 Thank you for sharing your view with us.
informative blog sir really interesting information about ico you provide in your article so thank you for updating us :)
@sanju007 Thank You for your kind support and comment my friend.
I m new to crypto market .. so i hadn't heard about ipo's .. nice informative blog buddy..
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@navrosekalsi Happy to here that article helped you little.
Thank You for stopping by and your kind support..
Very informatic post bro good work
@saubhikbiswas338 Thank you my friend
Once again very nice post # cryptoguru
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@adarsh0709 I am not cryptoguru my friend :)
Thank You for your kind support and comment.
Sneaky Ninja Attack! You have just been defended with a 4.17% upvote!
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@falsh07 thankyou for this article
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@jannatehimachal Thank you my friend
@falsh07 thankyou for this article
good post dear
upvote for upvote comment for coment
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hello, good article, I subscribed to your channel, hope you are signed by me, everyone who subscribed to me, I also signed
@trofim21 Thank You for your kind support
Great article!
@parasr Thank You my friend
There are just too many ICOs nowadays and I noticed many platforms now make the purpose of their ICO very interesting. Really, difficult to tell which is a scam and which will succeed. BTW, great article.
@ajongcrypto Agree with you my friend. Even we do proper analysis there is hard to find scam one. Thank You for sharing your views and kind support my friend.
Nice information
@krpawarssc Thanks
Thanks @flash07 for this post. Honestly, I am new in the crypto world, reading this piece has educated me in a big way. I am appreciative and keep posting.（・∀・）
@jodekss Thank You for your kind support my friend.
You are welcome @flash07
I can now differentiate clearly between ICOs and IPOs because you've actually made it explicit.
Sometimes I do confuse ICOs with IPOs due to the role they both play in crypto related projects.
I really love ICOs based on beneficial properties like airdrops. I was able to make money from some airdrops I took part it and this never made me handle ICOs slightly.
I would love to ask if you know the amount of crypto tokens I will buy to develop a site working on blockchain.
Thanks for sharing this great post with love from@hardaeborla in courtesy of @crypto.piotr.
@hardaeborla
Happy to see that my article helped you little.
Airdrops are the free money in crypto world. Just simple social media related tasks and you will get the airdrop.
Regarding the website you can hire a developer who do the crypto projects (Can't say how much they charge. depends on the website that you want to build). If you want to make ERC20 token then you can do it by yourself without any investment actually :)
Thank You for your kind support.
Wow!.. Lols... You mean ERC20 token is for free?
@hardaeborla hehe it sound funny my friend but it's easy to do that. Those are open source projects my friend and I think with some edits you have your own token. Soon come up with master post where I put everything step by step how to create ERC20 token and ICO.
But if you are making one you need to invest ETH for sure, but you will get equivalent tokens of yours according to your smart contract.
Thanks again for your kind support.
@tts Great work as always.