Getting To Know The Advantages Of ICO
An ICO or initial coin offering is a cryptocurrency equivalent of fundraising. In an ICO, a quantity of cryptocurrency is sold in the form of tokens or coins to speculators or investors. Tokens are basically like vouchers that you can exchange for goods or services on a certain platform. Ethereal started the first ICO in July 2014 and was able to collect 18 million supporters to launch and establish it. Due to the many advantages it brings, ICO has proved how effective it is. In this article, we will be discussing some of them.
You will not have to do any paperwork. Investors will not have to review and piles of documents in order to make an investment. Anyone who fully understands how it works can avail it. There is no risk of documents being lost since everything is done online.
Both the participant and entrepreneur can benefit from it. This is due to the fact that the entrepreneurs are able to raise funds for their projects, while at the same time the participants gain a profit for a short period of time.
You do not have to make a big investment in order to participate. Thus, there is minimal risk of loss from your investment. The best thing about it is that despite investing little, you get to enjoy a lot of benefit from it. Also, investors could leverage the economic importance of the principle and increase their chances of profiting in several multiples of the initial investment.
ICO has no geographical barrier. It enables you to reach international investment markets without many complications. In addition, the international base increases chances to grow 20-25 times more in the given buyer range.
The competition is lesser. Since there are still only a few people who know about it, it is best to invest on it now.
it gives you privacy. You will not have to provide any information about yourself such as passport details. This is a nice opportunity for people who are a bit skeptical in giving personal information online. This is due to the reason that the final decider of who owns what property is not a national court but an international blockchain.
It provides liquidity. The earlier you invest, the more liquidity you will have. The secondary market is the real-time pricing based on the current value of the project.
Lastly, it gives you the convenience any time you want. You get to pay less by avoiding premiums if you invest on it early. All you have to do is to pay attention to upcoming ICOs and be ready to purchase tokens soon after the launch.
Now that you know about the many good things that come when investing in ICO, you should do a thorough about it to find out whether it is the right investment for you. Search a ton of websites online, read reviews and for sure you will be able to enjoy all of the things mentioned in this article.