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.
First of all, ICO investment nowadays is a dying investment. It is not profitable at all. At least we can make that generalization based on the negative ROIs of almost 99% of all ICOs.
Shall I need to proceed?
Well, ICO investment has a schedule for the distribution of their tokens. Your tokens will normally be given to you when the ICO is finished.