Ninjastic
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Board Beginners & Help
Re: How do I participate in an ICO?
by
schupp
on 18/03/2018, 13:02:02 UTC
Quote from: 0RajA0 on March 07, 2018, 04:53:04 PM
Quote from: schupp on March 07, 2018, 04:13:36 PM
I am an absolute beginner in investing in Bitcoin and alternative Coins, but I found an ICO that sounds interesting for me. It's about the Cultural Coin, I guess one of the first cryptocurrencies here in Austria: https://www.culturalplaces.com

There are only 4 days left for Phase 1 of the ICO and I'm interested in participating. Do you have any advice and tips for me?

To participate in an ICO, you need cryptocurrencies, usually Ether or Bitcoin. You cannot participate in an ICO with fiat currency. If you don’t own cryptocurrency, you will first need to buy some. The best way to purchase significant amounts of Bitcoin is through online exchanges. Transfer money from your bank account to your newly created account with a cryptocurrency exchange.Transfer your Coins from the Exchange to a Blockchain Wallet you Control. Then go to  https://www.culturalplaces.com or any other desired ICO offering sites and contribute.
Thank you, that was very helpful for me! On the homepage of Cultural Places I found some helpful information for people like me who have never taken part in an ICO before. There is a very good step by step explanation beginning from how to get Ether and an Ethereum Wallet. I think this could also be helpful for beginners who are generally interested in ICOs
Quote from: Sazakan on March 10, 2018, 10:59:36 PM
Quote from: diamondox on March 09, 2018, 08:44:51 PM
Participating in ICo is not always profitable.


Yeah, not all of them, i give you that - but it also depends on the available bounties, the long-term stability and the broader acceptance of the project itself. After all, besides Bitcoin, many projects (like this cultural coin schupp asked about) are created to find specific solutions for existing problems. Wink
That's actually the point why I believe that the Cultural Coin is going to be sucessful. Because it is creating a solution for the cultural sector so that prices for customers will get cheaper and also the providers will get more, because there is no more need for ticketing agencys.