The years 2017-2018 are often recalled as the golden age for ICOs. Despite market changes, this fundraising format is still in use. We delve into how ICOs are structured, the risks involved, and participation conditions.
What Is an ICO and How Is It Conducted?
An Initial Coin Offering (ICO) is a means of raising capital for cryptocurrency projects through the issuance and sale of tokens. Platforms like CoinList assist projects in organizing ICOs, managing tasks such as marketing strategy, tokenomics development, and legal support. Poor preparation can deter investors or lead to a platform's refusal to conduct the ICO.
How Can a Newcomer Participate in an ICO?
A newcomer must undergo three main stages to participate in an ICO: registration and building reputation on the platform, purchasing cryptocurrency to fund their balance, and finally, selecting and analyzing projects. Each stage involves key actions, such as completing KYC and assessing the project team.
Top 3 ICO Platforms
CoinList, Tokensoft, and Republic are leading platforms for conducting ICOs. CoinList targets retail users, Tokensoft is more convenient for developers, and Republic focuses on large investors. Each platform has unique participation conditions and regulatory aspects, essential to consider when choosing.
ICOs remain a desired funding tool in the crypto industry. Success in ICOs requires thorough analysis of platforms and projects. Understanding the team's competence, tokenomics transparency, and market trends helps minimize risks and improve the likelihood of profits.
