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RE: Steemit Crypto Academy Contest / S5W5 - Initial Coin Offering in the Crypto Ecosystem
You have written well on the said topic @preye2, ICO has to do with raising of funds to continue a crypto project. To do this, investors are given the said token at a discounted rate which makes them large share holders of the token and if after the ICO, the price of the token appreciate, the make a very huge rreturn. This is one of the best ways to acquire new cryptocurrency at a discounted rate. I wish you success in this contest my friend.
Yes, you are correct friend, ICOs have raised Billions dollars for various cryptocurrency projects and companies across the globe. Generally, it could be very profitable, nevertheless, some projects have failed to deliver as promised. We should make sure to make proper research before venturing in an IEO)ICO.
Thanks for your support and time here boss, I really appreciate ❤️.