Post
Topic
Board Altcoin Discussion
Re: What is an ICO..?
by
AdolfinWolf
on 26/01/2018, 16:23:24 UTC
What is an ICO (Initial Coin Offering) and why invest in one?

It's the equivalent of an IPO - https://www.investopedia.com/terms/i/ipo.asp, basically when a stock goes to the market for the first time, they sell a certain amount of them at a fixed price.

That's basically what an ICO does aswell, but with coins, or tokens.

A more detailed explanation can be found here, https://blockgeeks.com/guides/initial-coin-offering/

It could potentially make you a lot of money, if the coin  blows up, ( like ethereum did.)