Hello steemians,

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INTRODUCTION

The entrepreneurs which you knows are looking to launch a new cryptocurrency can do it through an initial coin offering (ICO) or also looking at a variation on an initial public offering (IPO). To make things simple I will talk about the what ICO means and the advantages and disadvantages.

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WHAT IS AN ICO

To put is simple ICO means Initial Coin Offering, which enable us to know how funds are raised for a new cryptocurrency offering. the cryptocurrences industry is equivalent IPO which means an initial public offering. Initial public offering can also raises funds when a new company ventures onto the stock market. One may ask private ICO which does not seek for public investment is also possible? It is a big Yes

Back in 2013 almost $600,000 was raised by mastercoin which is digital currency and communications protocol layer that held the first ICO

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DIFFERENCE BETWEEN ICO AND IEO

Someone may ask what is the difference between ICO and IEO the differences are mentioned below

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1. With an IEO the tokens are listed on the exchange within a few days after tokens are sold. With the ICOs tokens it is very often which is aren't listed on the cryptocurrency exchange immediately, instead occurring months after the token sale ends.

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1. With ICO, developers conduct a marketing campaign. For instance they use paid advertising, forums and social networks. Whiles With IEO, the exchange takes over this role.

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1. With ICO there is no third party while with IEO there is the need of third party for the exchanges.
2. With the ICO there is high risk of fraud but with the IEO the risk of Fraud is very low

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ADVANTAGES OF ICO

ICO has an extensive advantages for business owners looking to start or grow opportunities. They are some of the advantages named below

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1. Anyone can buy tokens from ICO thus, the token launches differ from equity sales in a large scale in IPO which means initial public offering. Like wise tokens that are sold at an IOC can be sold to anyone, as most purchases are anonymous.

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1. With the ICO you get instant buy in thus no blocks or intermediaries that will exist between the coin buyers and the sellers. Once a cryptocurrency is created and launched one can can immediately be sold on the crypto market.

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1. Less barrier for entry thus For comparative financial offerings, Wall Street is the place you have be. Like wise as token launches can happen anywhere in the world, this need is greatly diminished.

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DISADVANTAGES OF ICO

ICO has the largest number of scams
Most investors buy ICO in the hope that they will quickly get back what they have invested. ICO are scams and probably the informed investors are victims of this scam. Note the drawback is that funds lost due this scam won’t be returned. And Also ICO easily hacked

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SPECTRRCOIN

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Specter is the first day to day anonymous coin which the hopes will be widely accepted which it uses familiar security features and has a real world application in todays society. The developers is intended for a system to be fully self-sufficient, fully automated, fully anonymous, and used as an alternative cryptocurrency with your peace of mind, perks for investing, and safety above all concerns.

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Transaction times is slower than some of the other cryptocurrencies on the market but the absolute anonymity and security of Specter will make it a coin that will not be tracked, watched, or manipulated by any source or entity. This is one of the vision of a true move to bring you the power of currency and privacy back to the folks who want it most.

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Thank you @imagen