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/ICO mania is almost over, it started back in 2017. 2019 was era of IEO and it also at its decline after reaching peak last year.
There is no guarantee of return and legitimacy of project in ICO. If you are investing in ICO, chances of scam are obvious and you have to DYOR before you jump with some capital.