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 watch phrase is "run for your life" that's if you are not indirectly promoting that scam. That's way far from ICO, maybe a new scam concept I presume. However, you have the final decision to make, do not just invest in stuff with that kind of reward structure, as if it's a surety.