Cryptocurrencies are here to stay for long. And for this reason anyone who invest in it can make good money out of it provided they hold their currencies for long.
Although there is correction seen in the Cryptocurrency markets these days, experts in the field believe that it has a long way to go and the future is really bright.
Increasing demand of cryptocurrencies has also led to popularity of ICOs or Initial Coin Offerings.
ICO is basically a great way to raise money for new companies, businesses and projects in the form of tokens or coins.
How does ICO work and benefit?
Initial coin offering works in a very similar manner as IPO or crowdfunding, where companies raise the required funds through private equity. They are allocated their share in the company which increases with time and thus their returns on their investment.
ICO is a new trend which can be said to be an amalgamation of traditional methods and latest technologies. Blockchain is the most advanced technique used in ICO to raise funds for projects. The technology is 100% risk free and the money of the investors is completely safe.
Investors can invest their tokens (in the form of basic cryptocurrencies like bitcoin and ether) to buy the new coins. Based on the business model and project, these ICOs have high probability to fetch very high returns as compared to other assets.
The risk factor
Although the technology is safe to use, there is a risk of prices going down when you invest in ICOs. This usually happens when the project or company fails to get the desired results within the desired time frame. It is therefore important that you research a bit and invest in the ICO tokens that are most reliable and easy to understand.
ICO ranking/rating platforms such as icoranking.review are most helpful when it comes to investing in ICOs. They provide a quick insight about the most popular and reliable ICOs in the market along with their ratings based on customer reviews and many other market factors.
If you are new to bockchain technology but believe in the long term growth story of ICOs, you should definitely check the site and invest safely in an ICO of your choice. Here you can get all the details of the upcoming ICOs and their project details. This is available in the form of webpages, white papers and websites.