Steemit Crypto Academy Semana 1 | ICO. (Oferta Inicial de Monedas) @imagen


ico inicial.jpg
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In my today's task we will talk about ICOs


homework assignment



Explain in your own words what an ICO is.

It is the birth of a coin, it is called ICO to a coin that is collecting funds for its evolution, the technical term of this ICO is "initial coin offering" it puts on sale the shares in order to obtain the suitable budget to start its evolution and next steps.

Ico's have a "paper white" which highlights all the fundamental aspects and the roadmap of what the coin will be about in the future, it also shows the group of intellectual developers of the project in question.

the developers of an ico have the duty to create the marketing, and collect the funds from the investors and have all the responsibility to make the ico a success or go to the unpleasant list of scam so they must be reporting every step they take in the different social platforms that exist on the web, so investors will be happier and will continue to invest in the future project.

Once all the main objectives are fulfilled, the next step of the paper white is usually the exit of the token in an Exchange of the same platform or a high category Exchange as a balance.


Mention the differences between ICO and IEO

when we talk about ICO and IEO we are talking about 2 similar but different categories, it will give a very simple explanation to understand when we talk about IEO we say that this also seeks funds for cryptocurrency projects but with the difference that the reputation of the Exchange is put at stake so it must comply in all steps first raise funds, distribute the tokens, and its launch on its Exchange. On the other hand, the ICO is not like that, since the creator team collects and distributes the tokens, which generates a lot of distrust in investors, this is the most visible difference between these two major competitors.


What are the advantages and disadvantages of ICOs?

No centralized third party such as banks or equity lenders are used.

The purchase of the assets or shares is totally direct, no third party is involved.

All investors are welcome, including small and large entrepreneurs.


As for the disadvantages

There is no governmental body to complain in case of scams.

The ico is prone to hackers and malicious attacks which slows down its development.

They have no guarantee of multiplying capital.

Mention at least 1 ICO that is going to be started.


IOTA

It was an ico for the year 2016 raising approximately 500mil dollars state unieses does not work with the chain that we know of the blockchain if not it has its own chain called DLT (distributed ledger technology) is a decentralized network works with the DAG system which are a group of interconnected nodes that take you from point A, Without the existence of blocks it allows us to solve the scalability problems since it allows us to validate two transactions at the same time, ours and another similar one, thus speeding up the IOTA chain. It is a new and very powerful technology that in the future I personally see it as better than BTC if it develops as it is going.


IOTA is currently trading at $2.07 with a market cap of $5,722,246,762.31 million.

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https://coinmarketcap.com/

The creators of IOTA IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener and Serguei Popov.
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Conclusion


With the ICO terea done I hope to solve all your doubts and questions you had before coming to this post, we talked about what is an ICO its advantages and disadvantages, how it differs from the IEO and gave an example of an ico in this case IOTA, who is its founder and what value it currently has in the market. I also want to express myself freely and invite you to continue looking for more information about the ICO you want to invest so you will not be a victim of scams in the future.



Cc:
@steemitblog
@steemcurator01
@steemcurator02
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Hola @perozo23

Gracias por participar en la Academia Cripto de Steemit.

Escala de Estimación.Puntaje.
Concepto de ICO.0.4
Diferencias de ICO y IEO.1
Ventajas y desventajas.0.6
Explicación de la ICO a elección.1.15
Estructura de la publicación y gramática.1
Seguimiento de reglas.1

Buen trabajo, la categoría de ventajas y desventajas algo incompletas, tienes que investigar más, recuerda que en las ICOs no se emiten acciones. Gracias por compartir IOTA con nosotros, espero corregir tus próximas tareas.

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