Welcome to the cryptocurrency age! We are currently in an era when the modern-day currency is slowly losing its essence. This is all down to the mammoth rise of cryptocurrencies over the past few years. It all kickstarted when the BitCoin was introduced a few years ago. What made this concept so appealing? There is no sort of regulating authority for the currency. You are the sole owner of your money and you may do as you wish with it.
The value of these currencies has skyrocketed from a few hundreds to almost USD 10000 in a matter of just a few years. This is the best return on investment any sort of investment could possibly give you. However, many fractions of its supporters have raised concerns as to how much more could the BitCoin grow? It is often thought to as a bubble; a bubble which is highly unpredictable and could burst any moment.
Despite the volatile nature of the Bitcoin, a number of alternative coins have come up thanks to the record-breaking Block Chain technology concept. Certain other concepts such as Initial Coin Offerings have also gained a lot of popularity over the years.
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What Is An Initial Coin Offering?
What is an Initial Coin Offering? Best way to get started is head to the ICOTokenNews.com and read their educational material. But basically the concept is clear. A company starts to generate its own cryptocurrency units. In order to fund its operations, they need capital which could be in the form of other cryptocurrencies as well. Hence, this concept enables users to exchange their existing cryptocurrencies like Bitcoin, LiteCoin, Ether, etc. in exchange for cryptocurrency units generated by the company. In order to truly understand the different types of cryptocurrencies in the market out there, head over to Crypto Coin Judge
This has attracted a number of cryptocurrency investors into the fray, catapulting the fame of ICOs to a newer level. An alarming amount of USD 350 Million has been raised in the form of Initial Coin Offerings already. Majority of this amount has been raised through crowdfunding campaigns alone. The funds gathered from these campaigns can be thought of a crowd-funded seed money for a start-up.
So far ICO’S have performed considerably well and are thriving in a market of close to 800 cryptocurrencies.
