How exactly do ICOs work? I found one that is selling their coins for 3/4 off. I'm not too sure how the distribute the coins, I saw this on their website:
"The minimum investment to receive your money back is 1.000$. return will be made every month for 12 months. Every month you will receive 8.4% of your funds to an even 100% when 12 months. The return is via BTC, ETH or USDT not via SilverCoin."
When I purchase the coins, do I not get them until after the launch or what? I'm kind of confused.
I dont think it is an ICO is most likely another new ponzi scheme created just to get money from investors.
Given a profit with BTC and ETH while they are only selling thier coins/tokens explain it all.
This cant be sustain for long term so don not even think to invest with this kind of program .