Post
Topic
Board Altcoin Discussion
Re: My ICO was successful, how can I withdraw ICO fund into fiat currency?
by
Mr Kiwi
on 16/03/2018, 09:45:12 UTC
ATTENTION, THIS IS A HYPOTHETICAL SITUATION

Please take a moment and think about it if you were the founder, and it was your ICO.

If you host your ICO and you hit your hard cap. how will you withdraw fiat to pay developers, rent costs, server costs, marketing??
These are costs in the fiat world which need to be paid in euros, pounds, dollars etc

Ok, so you are not selling your own token in this example?

You mean how does the project bring the funds raised into the real economy?

Correct