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$. return will be made every month for 12 months. Every month you will receive 8.4% of your funds to an even 100% when 12 months. The return is via BTC, ETH or USDT not via SilverCoin."
When I purchase the coins, do I not get them until after the launch or what? I'm kind of confused.
The information you provided is not complete. you should have dropped the link to the ICO in question. You can still do that by just editing your post. Based on what you have written, I did a little research and I hope the project in question is not 'Silvercoin'. If it is, I will advise you not to go further because the project look underdevelop. No information about the team, the website is poorly developed, the whitepaper was uploaded without no information on it and it seems they are combining complex objectives without holistic way of achieving them. their plans are a little bit bogus and they lay too much envisions on profit rather than how to intend to achieve the aim and objectives making the project indifferent from the popular hyip. On the other way round, the condition for receiving your money back looks ok (12x8.4 = 100."The minimum investment to receive your money back is 1.000$. 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.
but why are they returning the money? is it when they do not achieve the softcap?, if it is, I think to return your money back in 12 months is too far.