Binance Smart Chain better than Ethereum?
February 22, 2021This is not a Political Theater.
February 22, 2021
Rediscovering the ICO and the untapped opportunitiesVector created by vectorpouch — www.freepik.comAbout your author: CryptoQuestion is an independent platform providing free resources for cryptocurrency investors. From an on-demand Q&A service to online courses, from books to our Micro Cap Watch List. Visit us at www.cryptoquestion.techIn the new world of cryptocurrency the buzzwords are Bitcoin, Ethereum, Altcoins, DeFi and Moonshots. Probably in that order. But it wasn’t always that way. Back in 2017/18 one of the most popular terms to roll off a crypto enthusiast’s tongue was ‘ICO’ (meaning Initial Coin Offering). In those two years alone over $20Bn was raised by cryptocurrency projects through this new funding mechanism. But all good and bad things come to an end, and so it was with the ICO. 2019 saw the number of ICOs drop off a cliff with crypto projects raising a paltry $400m. 2020 wasn’t much better. Crypto investors, it seems, have turned their attention to the latest shiny thing on their monitor — DeFi and moonshots. But the ICO lives on.This article explores the brief history of the ICO. We review four ICOs which are currently raising money and finally we look at whether the ICO represents a fertile ground for lucrative investment opportunities.A process or event in which a company (especially a startup) attempts to raise capital by selling a new cryptocurrency, which investors may purchase in the hope that the value of the cryptocurrency will increase. (Source: OxfordLanguages).The ICO is an adaption of the IPO (Initial Public Offering) which is the method by which corporations raise money and list on a public exchange.The first ICO was launched in 2013 by a techie named Willett. Mr Willett wanted to raise money for his latest venture and came up with the novel idea of raising money through the issue of…
