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.
A lot of people is right, if they catch information only from OP post it almost look like HYIP which give return every month. ICO promotion usually is cheaper token if we bought before token sale and we don't need to wait for ICO price and maybe ROI price can be less than ICO price.