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.
This is the ICO in question:
https://silvercoin.asia/Not sure how this work it seems scammy to me (just my opinion based on the things you've said) I still didn't read their whitepaper. In my opinion if you're not sure about it just don't invest on it specially on the ICO's and IEO but if you're a big investor and you're so sure about to the project on where you would invest then invest on it.
Way back then I invested on ICOs and just regret it, make sure that their platforms are working and expect for a price drop. Make more studies about it, research and reviews.