The world of cryptocurrency is constantly evolving and the recent surge in Initial Coin Offerings (ICOs) is a clear example of that. But what are ICOs exactly and what impact can they have on the cryptocurrency space?
These are questions that many people have been asking lately, as ICOs continue to gain popularity. For starters, an ICO is a form of crowdfunding where the startup or project being funded raises money by issuing digital tokens to investors. Generally speaking, the tokens are created on a blockchain and represent a stake in the project.
As the ICO space grows, more and more projects are venturing into uncharted waters. It's becoming increasingly difficult to determine which projects are worth investing in, as there is no precedent to go off of. What's more, the lack of regulation makes it difficult to know if the projects are actually legitimate.
The cryptocurrency world can be a daunting place for newcomers, and the ICO space is no exception. I'm looking for advice from experienced investors on how they go about choosing a project to invest in and what tips and tricks they can share. What criteria do they look for when researching a project? How do they assess risk? How do they decide whether or not a project is worth investing in?
Any help would be appreciated.
These are questions that many people have been asking lately, as ICOs continue to gain popularity. For starters, an ICO is a form of crowdfunding where the startup or project being funded raises money by issuing digital tokens to investors. Generally speaking, the tokens are created on a blockchain and represent a stake in the project.
As the ICO space grows, more and more projects are venturing into uncharted waters. It's becoming increasingly difficult to determine which projects are worth investing in, as there is no precedent to go off of. What's more, the lack of regulation makes it difficult to know if the projects are actually legitimate.
The cryptocurrency world can be a daunting place for newcomers, and the ICO space is no exception. I'm looking for advice from experienced investors on how they go about choosing a project to invest in and what tips and tricks they can share. What criteria do they look for when researching a project? How do they assess risk? How do they decide whether or not a project is worth investing in?
Any help would be appreciated.