Initial Coin Offering
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What is an Initial Coin Offering?
Initial Coin Offering (ICO) is the cryptocurrency equivalent of an Initial Public Offering (IPO), where a company goes from private to public status by selling shares for equity. This is typically done to get funds without the need to go to a Venture Company (VC) or bank. An ICO solves the basic problem of initial coin distribution.
Initial Coin Offering List
On our initial coin offering list you can find the next big ICO! Further below you can find more info about the whole crypto token sales.
|Blockchain-based financial platform for equity trading and fiat-cryptocurrency conversion.||ends in|
8 d : 13 h
|Encrypted network for social and business communication based on Blockchain||ends in|
7 d : 1 h
|Giga Watt (WTT)|
|Full-service mining solution provider||ends in|
38 d : 13 h
|Bot sending signals about unusual cryptocurrency market activity in relation to current trend or market history||ends in|
2 d : 1 h
|Smart-Contracts enchanced with oracles (real life based events).||finished|
|CHF 23.8 Million||1,268
|Spend and send your Ether or Bitcoin with a physical Monaco VISA® Card||finished|
|$ 25 Million||702
|Instant Liquidity for Any Cryptocurrency.||finished|
|$ 120 Million||2,828
|Community based investing in Bitcoin StartUps.||finished |
|A Fund where token owners get 50% of the quarterly profits.||finished|
|An Ethereum-based crowdsourced encyclopedia which rewards users for reviewing and contributing information.||finished|
|Create a trusted lending circle and profit as the community lends together.||finished|
|Open source platform to write and distribute decentralized smart contract applications.||finished|
|Decentralized eSports platform based on smart contracts. Play eSports, Win Rewards.||finished|
|Network offering highest user security and privacy.||finished|
More info before you invest in ICOs
As you see, there are always many chances to invest in initial public offerings. Hence, we will try to showcase more info about this fast changing environment.
Two types of ICO usages
There are two purposes of using initial coin offerings:
- Crypto Coins – Create a new coin which is different to Bitcoin and has it’s own unique feature.
- Crypto Equity – Create a new project, for which to work a special currency is needed. The equity is raised via crowdfunding, so everybody can take part of it. Later on the bought equity can be sold on some specific crypto exchanges. This is similar to startups, so you invest in the idea behind it and hope they get profitable. A crypto equity is equivalent to a crypto token.
Examples of the two ICO types
So now you know that you can create a new crypto currency or token – for it being a coin or it being a share out of a project. But let us examine some examples to make the whole a little bit more clear!
New Crypto Currency
We take as an example Lisk – the first modular crypto-currency. Lisk ICO was in May, 2016. In their initial coin offering, they managed to gather up to 15k Bitcoin.
Their core feature is the scalability, where they will be utilizing side-chains as a solution.
If this coin will succeed, or not, it depends on how many people believe in the coin.
New Crypto Project
Let’s take FirstBlood.io as an example since they represent the perfect vision of a blockchain startup, which launched in the end of 2016.
Slogan and Vision: Building a decentralized eSports reward platform that every gamer loves.
Business Plan: Players earn coins by competing in computer games, tracked on smart contracts over the blockchain. People get rewarded by being a jury.
What they offer: 1SŦ crypto tokens in exchange for Ethereum.
What they need: Money to host tournaments and build up the FirstBlood infrastructure etc.
Info about this initial public coin offering taken from their whitepaper.
Basically, you are buying stakes of a blockchain startup.
The process of an ico crowdsale is nothing too special. In the current state of the art, the developers of the crypto tokens create an Ethereum smart contract (official Application Code). Over this smart contract the whole magic happens. People register on the platform and get a special ethereum wallet address. Now they simply need to send ETH to this address, and after the ICO end, the crypto tokens will be automatically distributed to the right owners.
Each initial coin offering has its special pricing, but normally it’s divided into multiple stages. After each stage the price per crypto token increases. So the earlier you join, the better price per coin you get!
So what is next after acquiring the crypto tokens? You need to trade them!
We will try to answer one of the most often asked questions on this topic “How to trade ICOs?”. Well, this is simple, an ico crypto token can be traded on every exchange, but only if the exchange accepts it. This means, that for example a crypto coin is listed on poloniex.com but not on bitfinex.com.
How to find the best exchange to trade Initial Coin Offerings?
Here is our hidden trick, which very few people use and know! Find the cryptocurrency exchange best suited for your token in just four simple steps:
- Go to CoinMarketCap.
- Search for the currency you want to trade.
- Press on “Markets”.
- Select the exchange (market) where the crypto token has the lowest price.
Now you just need to register there and buy it cheaply. If you need to sell the coin, then just find the exchange with the highest price (step 4) and sell it there.
Alternatively, in step 4 you can also take the exchange with the highest trading volume if you plan to trade the ico-token frequently.
Best and Worst Initial Coin Offerings
Here you can find the currently (as of writing this article: 30.3.2017) best and worst initial coin offerings.
Criminals always try to create money from thin air. And this is how shitcoins or scamcoins are made. There are many examples, but the biggest ICO scam (as of writing this article: 30.3.2017) that we know is GameBet Coin (GBT)!
They stated that they will launch a platform enabling sports and eSports betting. And, also offer a marketplace. They managed to create good looking graphics and even a business plan. Everything looked fine on paper, but sadly they never delivered. This way they committed the biggest ICO scam, worth 268 BTC!
As a summary to the whole ico investment, one can say it is tied to high risk and high reward, similar to the bitcoin hyips. A Bitcoin high yield investment will always make some returns, but not always make full returns. A crypto ICO on another hand can skyrocket and more than double your investment in just some minutes. Also, it can happen that you don’t even get a single satoshi out of it.