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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW

For those of you who are just peering down into the rabbit hole that is crypto currency. You may have noticed the phrase ICO. It stands for initial coin offering, and it’s similar to the initial price offerings of small companies who want capital in order to expand.

ICOs are put in place by crypto startups that are ready to receive funding so they can continue developing their ideas.
Initial coin offerings can seem very promising to new investors, the thought of getting in on the bottom level of a start up and having a pocket full of new coins teeming with potential would be enough to get anyone excited right?

Eh, speak to a few seasoned investors and you’ll soon realize that many of these ICOs are either out right scams or altogether bad ideas run by an inexperienced team. I mean let’s face it, this whole crypto thing is still less than 10 years old, no one has *that* much experience, let’s be honest, they’re probably all still experimenting at this point.
That being said, it’s still possible to find the needle of success in that haystack of risk. And once you’ve found it, boy won’t you be happy

My first and so far only experience with investing in an ICO was when I decided to go for it and invest some of my beloved crypto into this thing called the Dao. I remember the rising excitement as the total amount raised kept increasing by the millions and the potential, oh all of that potential. It was a great idea, the dao, but they had bit off more than they could chew in my opinion. you know, that whole, hindsight being 20/20 thing.

Here are some basic questions you should consider if you’re deciding to invest in an ICO:
Why does an investor desire acquiring and holding your token?
What incentive is there for transacting with this token?
How and where will it be traded?

Additionally, I strongly suggest doing a lot of research on the team behind the project, if they were previously involved with scams or misleading investors, consider yourself warned.
Secondly, seriously consider if they are presenting a solution to a problem that the blockchain is uniquely able to address.
Is this something that many people will want/need?
Will it be essential to everyday life for people or businesses?
What will make this coin valuable?

Do your research until you feel comfortable investing your money, and if all else fails, you can always use the old, wait and see method.

In the meantime here are some websites that provide you with a brief explanation of the ICOs happening now, if you go to smithandcrown.com you’ll notice that they will also include warnings if an ICO is a potential scam.

The music in this episode is the product of Matthew T. Daley on Soundcloud.
Here’s the link to the track in this episode: https://soundcloud.com/foodonyourplate/dwell

source

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20 COMMENTS

  2. Thanks for the review! I can advise such a project as TokenGo, I myself recently began to study it, I will note a well-connected, ambitious and professional team that improves the platform with all its strengths and strives to achieve its goals.

  4. Thanks great video. what do you think about iсо ТоkеnGо?, a new platform of smart contracts based on the blockchain.
    The launch of such iсо is vеry enоouraging and tеchnolоgy in itself has all the prеrequisites for successful devеlоpment.

  5. It must be annoying that you can't give information without the comment section just being full of people saying you're hot. I guess there is an element of sexism in today's culture. Being a male myself I don't see the relevance of commenting on your looks in this situation. Maybe I'm just weird

  14. ICO good, I have invested in it
    https://wcex.co/?ref=XK3LRFmR

    What are WCX Tokens (WCXT)?

    10 WCX = 1 USD at ICO Fees 50 WCX

    Tiny Fees. Some exchanges charge up to 1% in fees on every transaction. WCX is 10x cheaper and market makers are paid. That means more money stays in your pocket.
    Secure. 98% of customer funds are kept in cold storage at all times. Server infrastructure is segregated and protected with the latest security software.
    Built For Scale. Our trading engine was built by Wall Street veterans and field tested for three years, relaying over one million transactions per second without hiccups.
    Radically Better User Experience. A unified and powerful trading dashboard means WCX feels fast, fluid, and intuitive on both desktop and mobile.
    Awesome Customer Support. Our scalable customer support team is ready to answer your questions whenever you need to ask them, even in times of high traffic.
    Global & Anonymous. Start trading wherever you are in the world – no ID verification required. WCX operates entirely with digital currency and does not deal with banks.
    Advanced Order Types. Easily submit market, limit, stop, trailing stop, and block orders that work exactly as you expect – with unmatched execution speed.
    High-Performance API. Trade programmatically by connecting directly to WCX through REST, WebSocket, or FIX for high frequency traders.
    Team. Our team comes from Apple, Deutsche Bank, and IBM, and has decades of experience in building secure, distributed, and massive-volume systems.

    ICO good, I have invested in it
    https://wcex.co/?ref=XK3LRFmR

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