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.
If you know about gofundme and that will be similar to it but in ico you will get the token as the return and this is very similar to the public IPO. Tha's a ponzi scheme and that's a scam coin. Just avoid it and any project that was working on that scheme just another scam. When you are purchasing it and your money will be rolling by the scammer to get more victims.