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
ICO = Initials that mean Initial Coin Offering.
The reason why a lot of ICOs are popping out of nowhere is because people are greedy. Amd people want easy money. That is why a lot of these ICOs are effortless attemps to scam people who are new to this world and rip them off. That is the sad reality in the crypto world. Although not all of ICOs are scams or shittty projects, most of them really are.