Hello friend..!!
After all this time we finally met again with me @karimjz and finally the class at Steemit Crypto Academy started again. As we know, currently the Steemit Crypto Academy has entered a new chapter with the presence of several new professors who will give us something new and also teach us about things we don't know about in the cryptocurrency world. I also want to congratulate the new professors who were selected this season.

What Is ICO

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Initial Coin Offering or many people call it an ICO is a place to raise funds by offering new types of coins with new cryptocurrency services. Then later if there are attractive investors who will come and make offers, either with real currency or crypto currency and after that, investors will get a new cryptocurrency token which will be specifically for ICO.

Later, this cryptocurrency company will use the investor's funds they have obtained as a means to achieve their goals, namely to launch products or be used to start digital currencies. These investors will make a profit if the value of this new coin continues to rise against the real currency.

After this ICO period is over, it will be widely released. The public can buy these new coins to process transactions or invest. If the price after the release process continues to rise, the ICO investors will later get a lot of profit.

Difference between ICO and IEO

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Here I will explain the difference between ICO and IEO both of them have
The difference between the two ICO and IEO clearly shows that something which is new is always better than the previous one.

The first difference between ICO and IEO is that the startup in which this startup tries to raise funds through IEO already has a key partner,
Which is an exchange where this exchange has a follow-up in terms of project development and investors. Now there has been a startup evaluation for crypto exchange problems where they have submitted submissions to IEO and managed token sales.

The second difference is that conducting an evaluation of the project swap significantly reduces the risk for investors because basically a fraudulent project that does not produce results is likely to have exclusion by the analyzers.
This aims to attract interest and increase the confidence of investors in verified startups and will also have benefits for the development of the blockchain industry.

In this third part, To launch an ICO, the startup team does not need to find information on the company and the owner. This is very simple because the startup team only needs to create a website and then launch a platform to raise funds. In the case of IEO, this is very unlikely, because the startup team must first go through a Due Diligence procedure, which involves disclosing information about the company, its employees and the owners involved. It is therefore increasingly difficult for scammers to scam crypto investors.

Advantages and Deficiency of ICO

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Advantages

As I said above - ICO has a pretty good profit for developers and profits for investors. For investors themselves when the new ico opening process occurs it means that investors will get discount benefits for buying pre-released coins and when later This coin has been released so investors resell this coin at a relatively higher price. This is clearly very profitable for investors.

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Ico itself has become very fast and easy. For now, if you want to access the online market, it will be easier for markets that already have internet access. Later, the Ico launch itself will be promoted through the website. Anyone who can invest here does not need to be a professional first because this can be accessed from anywhere and is very easy.

Deficiency

For the shortcomings of Ico, even though they have extraordinary advantages, ICO still has disadvantages. not a few of the developers have carried out a fraudulent or scam process. Funds that had previously been collected and had a purpose for developing this coin were misused and some were taken away. And there is also no guarantee for the price of each coin that is released. Sometimes there are coins that are released that do not match expectations for investors. The opening to get a profit is that the price of the coin has decreased after the coin was released, this is detrimental to investors.

From this we can understand and know that in order to buy ICO coins we also need to be careful and careful, because actually the company that launched the ICO did not really know the true identity of the investors involved.

Ethereum has ended

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Ethereum Explained

Basically Ethereum is very similar to Bitcoin but they clearly have differences. Ethereum has its own digital currency which is often called Ether. Ethereum was created by a programmer who is still young he is Vitalik Butrein in 2014. Ethereum has a goal to become a platform which later the smart contract can be run and created.

Bitcoin has the goal of storing balances and making transactions on blockchain.
Unlike the case with Ethereum where Ethereum is made to be able to store various types of data. Later this data can all be accessed easily and can be used by computer programs running on the Ethereum blockchain. This program is commonly called decentralized or also the dApps application. .

The development that is taking place around the world is currently aimed at enabling the process of building and running decentralized applications on the Ethereum blockchain. They have a goal which in turn is used to make improvements to finances, security of personal information, using the transparent nature of blockchain.

Ethereum dan ICO

Although basically most of these ICOs are done on Ethereum, the first ICOs were conducted on the Bitcoin network in 2013. They have the goal of issuing new cryptocurrencies. This project has been raising funds for a whole month where the goal of anyone can buy this mastercoin and later it must be sent to the Exodus Bitcoin mastercoin address. If you have bought bitcoin and sent it to that address then we will receive 100 mastercoins and you will later get an additional 10 mastercoins. every week until this sales period ends. at that time their total sales were 5,120 bitcoins.

In the beginning Ethereum also got an injection of funds through the ICO, that happened in 2014. These buyers got Ethereum in exchange for bitcoin, and they managed to sell more than 7 million Ethereum within 12 hours this was the first Ethereum sale at the end of time sales, more than 50 million Ethereum was sold. At that time there was a controversy where 9.9% of Ethereum was given to the Ethereum founder. And an additional 9.9% was donated to the Nirbala Foundation.

How to Buy Ethereum.

The first step is to have or create an account on the coinbase.

The second step is to verify your email.

In the last stage you can buy Ethereum if you already have an account and the process is quite easy, I hope that the steps I have provided can help.

Conclusion

We can conclude that ICO is a forum for raising funds by offering new types of coins, new cryptocurrency services. Then later if there are interesting investors who will come and make offers, either in real currency or crypto currency and after that the investors will get The new cryptocurrency tokens will be specific to ICOs.

So this is the result of my assignment this time about ICO. Hopefully this can add insight for friends and also for myself in particular.

See you at completing the next assignment friends.

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