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Wednesday, April 25, 2018

Important Information Before Investing in Cryptocurrency ICO.

WHAT IS ICO.
ICO short for Initial Coin Offering,it is the means through which companies in crypto biz raise funds to finance the project of their products.It requires the public to contribute and purchase coin at a cheaper price to support the project in the early stage of development before the coin is listed in different the exchanges at a higher price.
WHAT ARE BOUNTIES.
These are the various promotional avenues a company chooses to publicize its products and coins by engaging social network community to promote and earn bonuses for proof of work.
WHAT ARE AIRDROPS.
A​ Crypto airdrop is​ when​ a​ Blockchain project distribute​s free​ tokens or​ coins to​ the​ crypto community and individuals for registering and partaking in publishing the coin through social network and referrals.
WHAT TO DO WITH COLLECTED COINS.
The collected coins are held in your account till the end of ICO (usually one month),after which you transfer your coin to the exchanges(a trading platform where you buy and sell coins) to sell or hold in your wallet and allow the price to rise.
To participate in bounties and Airdrops you should have an account with some of the following social networks,sites and forums.

  • Functional e-mail.(Must have)
  • Instagram (Optional)
  • LinkedIn (Optional but preferable)
  • Facebook (Optional but preferable)
  • Twitter (Optional but preferable)
  • Telegram (Must have)
  • Bitcointalk.talk(Optional)
Bitcoin wallet(can be gotten from binance.com or download COINBASE from Play Store or App world).
Ethereum wallet(from myetherwallet.com or download
COINOMI from Play Store or App world).

ICO can be Dangerous.
Not all ICOs worth your time because some of them might not make it to exchanges.

What to look out for in Companies before invest?
A company with reputable members as part of the team is a sign of a good project.
Good products,a company with a product that prefers solution is a plus.
Social Media, a company with active social media should be preferred.
Git Hub, a company who is providing his open source source code of coin at Git hub for public is more relaybale .
Owner of company, owner of the company must  have a active profile on their official website and social media.
Projects of company, Before invest in any ICO coin we have to see the company profile and  projects of the company or we should check  what is the purpose to make a coin and also on what project company is working on.
Limited supply, As we all know  its the Rule of economics if the  quantity of a product is less and demand  of that product is high that the price of that product will be high so must see the quantity of coin before investing in it.The total supply of the coin must limited number of coin in circulation and good marketing is a price determinant.
How to make money For Free.
It requires your phone,internet data and little time.When company is offer ICO there is pre ICO too at that time if you just Sign up you can get some Token for free by invest nothing its specific  time some companies offers 1 or 2 days or these companies can offer 1000 Token for first 100 users you.A lot of new companies are coming in the market but few of then can also run away.So after getting free coin or Token you have to wait for company to launch in the Public market Or when their coin will be listed on a exchange there you can sell or trade with other coins.

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