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
In my opinion, an ICO is an event whereby a company generate funds for a certain project, some of the funds will be used for the development of the project. Early investors are offered bonuses, while the project might consider marketing their coin through bounty campaigns investors will be offered freebies for helping in marketing the project. The company/project usually brings forward a white paper outlining what their project is about and the technology in which it was built on.