From the roots of Bitcoin, the blockchain industry is growing at a phenomenal rate. But it’s not just the technology that’s maturing fast, the start-up financing and investor opportunities around it are rapidly evolving too.
Spend a few hours in any online crypto forum and you’ll quickly begin to think the world of big tech stocks and IPOs is old hat. For many, the biggest buzz in digital these days is investing in new cryptocurrencies and crowdfunding emerging crypto projects.
For IPO, read ICO. That’s right. ICO stands for Initial Coin Offerings and it is effectively crowdfunding for new crypto-based start-ups and initiatives. It gives you the opportunity to invest in a new crypto project by buying tokens. The start-up team then uses that money to develop their idea into a fully-working product. And you could benefit by seeing the value of your tokens rocket upwards in price. That’s the idea anyway.
ICOs have been gathering pace for a couple of years now and are generating some huge investment numbers. But are they worth your attention and, more importantly, your investment?
Our guide gives you the inside track on the ICO ecosystem to help inform your crypto investment strategy. We’ll take a look at the dramatic rise in popularity of ICOs, explain the typical ICO process and warn you against the scams and pitfalls you might encounter in this unregulated environment. But first, let’s start with the ‘need to know’ essentials for all aspiring crypto investors.