Hello steemians
In this post, I am presenting my S2 Homework Task 1 here, which I did as required by @imagen Crypto Professor.

>Explain in your own words what an ICO is.

>advantages and disadvantages of ICOs?

> differences between ICO and IEO

>List at least 1 ICO that is starting, is in development, or has ended. Explain the project of the development team and add information of interest. (Example: IOTA, Spectercoin, Ark)

>Conclusion

Source

What is an ICO?

I explain it in my own words. It has been given to many sentences in English. We already know about cryptocurrency. Its transcription is very common. And this word is by no means an exception. What does its initial mean?The first coin of the ICO is for Peshkus. It works in the blockchain and crypto world. It is a very good way to raise assets. But it has also been proved to be a scam. Therefore, it cannot be put too much burden on it.The technique description of the currency is given in a document called white paper or white paper. It is also used to create the necessary applications and to keep the organizational structure together.Cryptocurrency is the first offer of the ICO to achieve the project. Like the first stage, it has its surreal offer. Each project works to obtain funding and collect funds. In this, the Producer Group and the Investor Group decide to invest money, with that money they can complete all the absoos of the work. Coins are bought on the basis of a fixed price inventions. The international currency will increase as soon as it reaches the market.

Advantages of ICOs

◆Both the investors and the company are benefited by this, this is the main benefit of ICO.

◆The investor gets access to the token very quickly before it is listed on the exchange.

◆Investors do not need middlemen to buy tokens on ICO because it is easy to access tokens on ICO.

◆You do not need kyc when you buy tokens in prescription.

Disadvantages of ICOs

◆ICO is accessed without any middleman so it can be easily hacked.

◆The investor may lose the assets of his wallet as a result of the hack.

◆In this, the possibility of fraud increases when the new participant does not know about it, then they can be scammed.

◆Many fake companies scam in the name of ICO and you lose your money when you invest.

Source

Difference between ICO & IEO

Here it is decided that this currency is safe and responsible to determine whether the currency is beneficial or not. It makes studying very difficult to study.
We can easily buy and sell IEOs if it is already in the list. It has been launched by IEO Exchange. Now talking about ICOs, we cannot buy or sell immediately after investing in ICOs. Will have to wait when its release on the exchange.

Source

Spectercoin

This coin is designed to be an anonymous cryptocurrency. One investor uses another investor's coin to cut the payment. spectercoin provides privacy in cryptocurrency.It is based on the shadowcase whitepaper, spectercoin is a token, many of the issues are of the white paper, none of which was an official white paper. The teams that developed spectercoin decided to fix its shortcomings. But they did not have enough funds. They were in great need of funds.

Conclusion

According to me it is good to invest in ICO, but to invest only when we get full information that this happens, we will invest and get out of ICO fraud. First of all do the research before investing and invest as much as possible. People have lost faith in the ICO due to scams.

Thank you

Cc:-
@steemitblog
@steemcurator01
@steemcurator02
@imagen