What is ICO: Not so long ago, Bitcoin went through a process of emerging and promising a potential future, although it is interpreted and understood as a pointless step towards a digital currency. In the years that followed with the maturation of Bitcoin, the cryptocurrency ecosystem detonated. Amid the aggravatingly accelerated pace of birth of freshly launched coins, there is a type of transaction called the “Initial Coin Offer” or ICO. ICO is a tool that seeks financial support that involves trading cryptocurrencies intended for the long term in exchange for the expeditious value of current cryptocurrencies. According to The Financial Times, ICOs are overseen by cryptocoin procurement and distribution laws where investors can spend money.
On the other hand, The Economist describes ICOs as digital tokens issued based on an ineradicable distribution of logs and blockchains.
In conclusion, we can say that ICOs are new hand-held catapults that open the place for newly created cryptocurrencies.
Laws: Smith + Crown explains that most ICOs sell software tokens that relate to the time before they were made available for purchase. To circumvent legal needs, ‘crowdsale’ or ‘donation’ instead of ICO are the languages now commonly used.
Is there a chance the ICO could slow down: In this regard, Crypto Hustle writes in a recent article that the ICO is hysterical because of those people who first adopted Ethereum and are now interested in returning. So, one cannot assume whether the pleasure search phases will last long or not, but when the corrections come, we will see which cryptocurrencies remain in place.
If ICO is a safe buy: If you take a risk and do not change the risk, not paying attention to the end of capitalism, or the fact that this topic could bury you in the ground, without capital, then go ahead, it is your decision.
Now that we have gathered information on ICOs, we come to the final question.
What is the future of ICO: According to research reports from 2017, “about 46% of ICOs have not reached the realization stage despite raising about $ 104 million.”
Increased risk of investing in cryptocurrencies.
The volatile nature of cryptocurrency.
China has banned the ICO, and Russia has brought to light a completely different set of rules and regulations for the ICO with the promise that investors can resell their tokens. ICO promotions on Google and Facebook are tough, and Twitter has deliberately banned fake crypto accounts. More authorities believe the blockchain has a living future, but the ICO? Her future rots in her own skin in the struggle to cross that extra bridge to prove her credibility.
So, yes. The death of an ICO is really big in the air, and before we know it, it could fit in and disappear as if it never existed in the economy. But still there are some coins that can be converted into the following Bitcoins so you have to be looking for the best ICOs.