Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
But, more importantly, I haven't a clue on how to join in on the crowd sale. Are there any specifics or demands I have to meet in order for me to invest during the crowd sale?
I am currently using Exodus. Can I participate with Exodus?
Would be happy if anyone can give me some pointers.
I'm just a few weeks older to you in the cryptoworld - let me answer this till a more senior member gives a more qualified response.I am currently using Exodus. Can I participate with Exodus?
Would be happy if anyone can give me some pointers.
1. Participating in an ICO merely involves transferring some cryptocurrency (mostly Bitcoin/Ethereum) to a specified address. You should be able to do this in Exodus. The ICO folks have a way to keep track of who invested with what amount (to that end, they may make you create a unique ICO account). They give you an amount of ICO cryptocurrency depending on your share of the total amount received by them (some ICOs have a cap on investment, while some are open).
2. Please make sure you do a lot of reading about the project. This site, ICO reviews on Youtube, discussions on Steemit, reddit; are a good starting point. Unfortunately, there is a lot of 'meaningless ranting/currency-bashing', but there are surely gems of advice hidden between them.
3. Bear in mind that altcoins are receiving a lot of new attention and everyone is looking to make a fortune. Please make sure you don't get carried away and invest with whatever you can afford to lose. If you've been following the action in the recent weeks, the price-action in cryptos is very volatile.
Hope you end up supporting some good ideas & end up rich too
Thank you very much sir! I understand nobody really wants to reply to someone with such little knowledge. Still, everybody has to start somewhere! I am grateful.
I have been reading that the ICO may be over in minutes because of the whales who invest a lot (and the cap is soon reached). Are there ways to prevent being left out of the ICO? I know I am maybe asking the million dollar question, but I am trying it anyways :-)