ICOs are next hot thing in CryptoCurrency market

When a company starts trading publicly on any exchange they offer some stocks at set price which is called IPO - Initial Public Offering. Same way, now companies introducing new digital currency/coins are offering the coins at set price before launching which is called ICO - Initial Coin Offering.

Recently there were couple of ICOs which were pretty successful. For example, yesterday Tim Draper-Backed Bancor completed largest-ever ICO raising $ 150 Million in few hours. Prior to that Brave, the upstart web browser founded by Mozilla co-founder Brendan Eich, completed an initial coin offering (ICO) collecting $ 35 Million in just few seconds. Numerous other companies are also coming with their own ICOs. So it has to be seen what response they will get.

Investors are showing a great interest in ICO to grab coins at lower price which will bring very good ROI (Return On Investment) for them in long term. Though, as it has potential lucrative ROI, it does have higher risks too. If the coin doesn't take off after launch then there is a huge possibility of loosing money so it is highly advisable that one should only opt for ICOs if they can afford it and done proper research before diving in. One should be very careful while opting for ICO.

Are you interested in ICOs? Which ICOs are you planning to invest in? Do share your experience if you have opted for any ICO in past.