The article discusses the meaning and gives the importances of ICO under cryptocurrency. Then the involvement in ICO and lastly the advantages and disadvantages of the ICO.
ICO in Brief
The ICO is a cryptocurrency Company launches Initial coin offering to increase the funds. The interested investors who buy the coins have new crypto tokens also this provides the utility of the product by the company. It is the same as IPO initial Public Offering but ICO is for the software product.
To work with the ICO type investor should have the excellent knowledge of cryptocurrency and the basic understanding of wallets and exchanges. It took high research before investing.
Also this is very risky due to the fraud and the poor performance of the company. The ICO plays a very important role for the company as they raise their funds from the coins and do their businesses with that funds but the risk lies on the investors because it is not possible everytime the company performs good and well.
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