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/The site says
Global Digital Money Backed StabelCoin
they misspelled the word stable, something tells me this is another quick money from the dev, if they are only offering guarantee profit for 12 months without explanation how they are going to pay their investors, then this is another OneCoin in the making so be careful and do enough research.