What is ICO: Not so long ago, bitcoin went through a process of emergence and promises of a potential future, although it is interpreted and understood as an absurd step towards the digital currency. In the years following the maturation of bitcoin, the cryptocurrency ecosystem detonated. Against the background of the aggravating rate of birth of newly issued coins, there is a type of transaction called “Initial Coin Offering” or ICO. ICO is a financial support tool that involves trading long-term cryptocurrencies in exchange for the expeditious value of current cryptocurrencies. According to The Financial Times, ICOs are not controlled by laws on the supply and distribution of cryptocurrencies, where investors can transfer money.
On the other hand, The Economist describes ICOs as digital tokens issued with unrooted distribution of logs and blockchains.
In conclusion, we can say that ICOs are the new hand catapult that makes way for nascent 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, the languages most often used are “crowdsale” or “donation” instead of ICO.
Is there a chance that the ICO will be delayed: In this regard, Crypto Hustle writes in a recent article that the ICO hysteria is because of those people who took Ethereum first and are now interested in returns. So, it is impossible to predict whether the phases of the pursuit of pleasure will last long or not, but when the corrections come, we will see which cryptocurrencies remain in place.
If ICO is a safe purchase: If you take a risk and do not change the risk without paying attention to the end of capitalism or the fact that this very object can bury you in the ground without capital, then go ahead, yours is the call.
Having gathered information about the ICO, let’s get to the final question.
What is the future of ICO: According to a 2017 survey report, “about 46% of ICOs have not reached the implementation stage, although they have raised about $ 104 million.”
Reasons:
- Increased risk of investing in cryptocurrency.
- Draconian regulations.
- Heavy racing.
- Reduce returns.
- Unstable nature of cryptocurrency.
China has banned the ICO, and Russia has brought to light a completely different set of ICO rules and regulations with the promise that investors can sell their tokens back. ICO promotions on Google and Facebook are difficult, and Twitter has deliberately banned fraudulent crypto accounts. Senior officials believe the blockchain has a living future, but the ICO? His future is rotting in his own skin from struggling to cross that extra bridge to prove his worth.
So yes. The death of the ICO is indeed looming in the air, and before we know it, it may merge and disappear as if it never existed in the economy. But there are still some coins that could become the next bitcoins, so you should be on the lookout for the best ICOs.