The ICO period is the time investors can buy a cryptocurrency directly to its developers at a low price. I will tell you how to take advantage of this opportunity.
ICO means Initial Coin Offering. It is the initial offer implemented by a development team about their project (Altcoin) with every detail of their plan (on a white paper). Investors will get tokens of the coin they invest in, in exchange of their contribution.
When we really believe in a cryptocurrency, it is better to invest in it before everyone else. Because it is later, when everyone will start to care about this currency that its price will take off, so the early investors will make huge profits.
Of course, early investors are taking much more risks than the others are. When we invest in a project, which do not even exist yet, we do not know how it is going be, if people will like it etc.
The dark side of it is that we can invest in something that does not have any future, or even invest in a scam.
However, if the project is successful, you can make important profits because you got it at the beginning when its price was very low. The best example for this is the Ether (see the picture below).
It is crucial not to forget that many cryptocurrencies crashed at their launch, causing big losses to their investors.
Let's go back to the subject of the post. First of all, you need to open the website www.tokenmarket.net, there are many others websites like this one but this is my favorite one, it is very user-friendly and reliable.
You can see many projects, their names, a small summary of the innovation it is going to bring, and the day of the start/end of the ICO.
You can click on the cryptocurrency of your choice to see everything about it, without forgetting that the entire project is explained on the white paper. It is essential to inspect every part of it; it explains everything about the coin: the concept, how it works, how the token is going to be sold, the details about the development team etc.
We also see that you can directly visit the websites of every cryptocurrency; after clicking on the website of the currency of your choice, you will arrive on a webpage with various data to analyze. To buy the token you'll have to click on “Token sale” (red circle), after what you will click on contribute.
After this, everything is going to be easy. The website will show you how to pay; it can be by Ethereum, by Bitcoin, by dollars…
This money is just an example. I do not advise you to invest in it.
I will do more posts about the tokens I will invest in.
Good luck
recommend any other sites other than tokenmarket?
https://www.smithandcrown.com, but I advice you to follow actualty on social media ( bitcoin talk,...), a lot of tokens are not promoted by any site, the only way to buy it is to go directly on their own website.
Great job on your post. I 'm following you, and I'm new here just getting started. Looking forward to seeing your next post.
Thanks.
You can also participate in airdrops: https://crypto-airdrops.de