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.
We cannot give you the right answer, because you are not posting the links, but based on your posts this is more like a Ponzi scheme, anything that guarantees a return every month regardless of the market condition can be considered as a Ponzi scheme and more so if they allow the use of referral link and referral rewards, this is more like Bitconnetcoin and Onecoin with plans.