What Is ICO And What Are The Benefits To A Startup Company?

 

One of the most trending topics in finance lately has been cryptocurrency. It has been the talk of everyone promising millions to people who choose that path.  If you have been thinking about investing in cryptocurrency, you should think about initial coin offering (ICO). One thing to note is that ICO is quite risky but also comes with a high potential of very high returns.

 

So what is ICO exactly? ICO is a mechanism where new projects sell their crypto tokens to get cryptocurrencies. It is close to initial public offering (IPO) only that you don't own any shares in the future company and this has to do with blockchain. Here are some of the benefits ICO has to offer.

 

An ICO token is what you get when you contribute to a startup. The more you contribute, the more tokens you will get. With these tokens, you will be able to buy the services offered by the company or you can sell the tokens for money. This depends on how much the currency is used because the more it is used, the more valuable it becomes.

 

One of the best things you will enjoy with ICO is that you will not share your company with the investor. This is because you are only offering a future service and not a part of your business. You will still be able to control your business and still get the money you need. Learn whats an ico here!

 

Another thing is that most companies would need to go door to door to find an investor. On the other hand, when you choose ICO, you can get investors worldwide. Anybody around the world can be able to invest in your business which is even better.

 

Even better with ICO, there are no regulations. You don't need to wait before you can get permission to do what you do. If this was the case, you would not be first in the market which means you would have no chance of success. Someone else would do what you are thinking about and you would be yesterday's news. Be sure to create ico here!    

 

All in all, with ICO, you have to be very careful. This is because there are scams and it is easy to fall into one. The best thing is to find the most trusted. Do your research before you get yourself involved in any. This doesn't mean that all ICO is a scam, if you invest in the right one, you are likely to get high returns. For further details regarding cryptocurrency, go to http://money.cnn.com/2014/11/12/investing/currency-trading-foreign-exchange/.