Guide on how to participate in ICO – Initial Coin Offering and join cryptocurrency market investing for beginners who wants to make money in ICO initial coin offering & cryptocurrency market. Learning how to participate in ICO also know as Initial Coin Offering is a great thing to do nowadays aside from learning how to invest in stocks, mutual funds, trading forex, business & real estate investing. Why It is a great thing to know how to participate or join in ICO? Well, because you don’t want to miss the boat. Many people are making huge profits in cryptocurrency market. So, let us start to learn how to join initial coin offering.
This is just the basic guide. Me as the admin of Daily Investing Tips has experience in participating in ICO initial coin offering especially when join Electroneum ICo, Shping ICO and DORADO tech ICO. I also have experience in participating in HashCard ICO, ALT Estate ICO, etc. I have discussed awhile ago the difference between Initial Coin Offering ICO & IPO initial Public Offering. Read that cryptocurrency tips to have basic idea about ICO initial coin offerings.
What is ICO Initial Coin Offering?
ICO simply means letting investors (individuals) join the project of a company that runs cryptocurrency using blockchain or other coins like Bitcoin and Ethereum.Here is the meaning of Initial Coin Offering from Investopedia;
An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin. (1)
How to Participate in ICO – Initial Coin Offering (Cryptocurrency Market)
Step 1. You must have ethereum wallet or bitcoin wallet. Have ethereum or bitcoin coins because ICO initial coin offering projects are accepting (mostly) bitcoin BTC and Ethereum ETH
Guide: How to Create Ethereum Wallet?
Other thing needed when participating or joining the private sale are email address, identification cards (in case the ICO needs KYC or know your customers) you need to submit ID.
Step 2. Join ICO pre-sales. You can join the ICO pre-sales or buy tokens at a dsicounted price at early stage. You can only know the pre-sales, token sales through announcement on ICO initial coin offering websites.
Step 3. Buy tokens/coins of ICO initial coin offering. Don’t just buy. Before you participate, you should understand the things to consider when spotting a good ICO initial coin offering projects.
Participate in ICO Initial Coin Offering (Things to Consider)
- Review the ICO initial coin offering project team, developers, CEO, founder, etc. Make sure they are real nand have photo (you must know how to reach them) investigate their profiles.
- Read the white paper. ICO initial coin offering white paper are downloadable in the official website. You just need to read and understand the white paper before you participate in ICO initial coin offering project.
- Know the road map. What is the goal of this ICO initial coin offering project. You must know it.
- The price of the ICO initial coin offering token should be reasonable.
- The circulating supply should also reasonable and it is fitted to the token price.
- Contact the ICO initial coin offering project team and ask some questions. Make sure the customer service or investor relations are great.
Step 4. Claim your token if the ICO initial coin offering offers ERC20 compatible tokens. How to claim tokens? You must insert your ETH wallet address (make sure your ethereum wallet address is from ERC20 – create address in MyEtherWallet a.k.a MEW).
You can view your tokens in your myetherwallet address, by viewing your ethereum address in myetherwallet.com using your private key going to etherscan.io and pressing the “token transfers”.
References and Sources:
Tips and Warnings in Participating in Initial Coin Offering ICO
- Participate to ICO Initial Coin Offering with solid team, great products or service only.
- Avoid getting scam, review the ICO Initial Coin Offering before you buy their tokens.
- Always visit Daily Investing Tips (InvestmentTotal.com) for you to get updates the best ICO Initial Coin Offering projects.
- Upcoming ICO Initial Coin Offering projects tokens are giving discounts for early birds (investors).
- Get involved with bounty programs to get free coins or tokens of ICO Initial Coin Offering projects.
Do you have experience in particpating in ICO Initial Coin Offering? Let me know, submit your comment below and let’s talk about the good characteristics of ICO. If you found this article interesting and useful, kindly share it with other cryptocurrency market investors. Thanks!
DISCLAIMER: The information provided on InvestmentTotal.com is for general informational purposes only. The content on this website is not intended to be, and should not be construed as, professional financial advice.