Post
Topic
Board Altcoin Discussion
Re: what is ICO and why every day new coin is there
by
Similificator
on 17/09/2017, 15:35:34 UTC
Hello,

I was wondering what ICO is ? and why every day there is new ICO coin thing is coming in the market claiming lot of things , lots of bonus , lots of coins etc .

I am still unable to understand what is going on .

if this will stay like this at the end of 2017 there will be thousands of ICO kind of things

Please help understanding this ?

Thank you


As what other people has said above, the initials ICO stands for/means initial coin offering. And in selling stuff(not limited to coins only), people need to draw attention so that people would actually dig in to their products/coins. And so every ICO would do everything they can and whatever gimmicks possible just to have lots of people buying and promoting their coins. Be it freebies, articles, ads. Everything!

I also do not like having all these different coins popping out all of the time. But sad thing is we can't stop it. And knowing i need the money, i just chose to go with the flow.