What is ICO? How does ICO actually work? | Mr.Cryply

Crypto greetings!

Have you ever wondered how new altcoins, forks and shitcoins are born.
Some of them created by boring gemmation. Previously, it was natural and normal for cryptoworld. Although it is too corny and not sexy!

For now, the real shitcoins appear as the fruit of great and "pure" love.
Ha ha. Although it is group love and especially perverted.

This orgy involves developers of the new cryptotoken, large whales investors and crypto hamsters, who act as the object of that perverted love with elements of BDSM.

Crypto hamsters get successively screwed by developers and whales. They get screwed inventively and with imagination.
This orgy even got its own name - ICO. Initial coin offering.

Technically, the process looks like this:
The developer decided to collect money for the Lambo. For this, he create new project, calls it by a beautiful and mysterious word. Then writes white paper. It's kind of a business plan, but only for the mentally retarded. In it, he promises that everything will be a top-notch, his shitcoin is a new bitcoin, which will cost fucking pile of money.

Then he summon his homies and friends investors. And he tells them I'm about to release a fucking ton of tokens. Of which half I will keep for myself, part will sell you cheaply with a 50% discount. And the rest will go to crypto hamsters for both cheeks, at a higher price.

As soon as I finish collecting the money from hamsters, we together dump the tokens at the ICO price. The hamsters that did not purchased our shit tokens on ICO, greedily will buy it on the exchanges. And then will wait years for "To the moon". Ha ha.

We are buying a lambos, islands and the cryptosluts.
But for the successful implementation of the plan, we need one thing, we need a photo with Vitalik. Ha ha.

In the traditional economic model, if a reputable company suddenly wants to increase its capitalization, namely to attract money from investors and bring their shares to the exchange.
It must take a very long way until the inspection and state financial control authority will allow to hold IPO. Initial public offering. All this costs a lot of money. But at least partially protects the interests of investors.

In Cryptoworld reigns the Wild West. To fuck up investors here is in the order of things. But, sometimes, it's compensating with wild profits. ICO is the most convenient way to collect money from all over the world, even under the most insane idea. Therefore, the flow of new ICOs will not stop!

Among the hundreds of upcoming ICOs, there are good and honest projects. Which will enrich their investors and even create new revolutionary technologies and products. But very few of them. Most ICOs are created for speculation and simple money grab. So be careful! And before you invest your hard-earned bitcoins in the next ICO, think a hundred times. So you do not become bagholder, forced long-term investor, or in simple words a chump and a sucker. Ha ha.

And that's it for today! I'm Mr. Cryply. Resounding Profit to All! See you later!