Cryptocurrency - Initial Coin Offering
An initial coin offering is a means of crowdfunding the release of a new cryptocurrency. Generally, tokens for the new cryptocurrency are sold to raise money for technical development before the cryptocurrency is released. Unlike an initial public offering, acquisition of the tokens does not grant ownership in the company developing the new cryptocurrency.
There is a real madness in the cryptocurrency market today, with a wave of ICO pushing bitcoin and prices upwards. Someone at some point is going to say that stop the world, I want to get off and the whole thing will come crashing down including bitcoin. In fact, that crash started last week with BTC and ETH losing 25% of their value in just a week.
Equally today, many ICO offerings are scams. Most ICO's in cryptocurrency market are scams and most cryptocurrencies other than Bitcoin is not gold coins. Some ICO tokens are not even a scam.
Not all ICO's are created equally. Due to the complexity of the various projects, experts argue that investors need to have the technical expertise to be able to evaluate whether investing in an ICO makes sense or not. Moreover, the startup itself should provide sufficient information for investors to evaluate the investment. In some cases, the information is even more inadequate and not related too.
The cryptocurrency exchange must have complete sharing agreements with significant markets for trading the underlying commodity. and those markets must be regulated properly. Whether the ICO sector is populated with various companies who see their status as innovators can organize themselves to meet the necessary requirements is very big question today.
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