Initial Coin Offering
What is an Initial Coin Offering?
Initial Coin Offering (ICO) is the cryptocurrency equivalent of an Initial Public Offering (IPO), where a company goes from private to public status by selling shares for equity. This is typically done to get funds without the need to go to a Venture Company (VC) or bank. An ICO solves the basic problem of initial coin distribution.
The current process of an ICO crowdsale is for the developers of the crypto tokens to create an Ethereum smart contract (official Application Code). The smart contract defines how the process works. People register on the platform and get a special ethereum wallet address. Then they simply need to send ETH to the address. After the ICO ends the crypto tokens will be automatically distributed to the right owners. Each initial coin offering has it’s special pricing and the prices are divided into multiple stages. After each stage the price per crypto token increases. So the earlier you join, the better price per coin you get! What is next after acquiring the crypto tokens? You need to trade them! TheBestIco can help you buy stakes of a blockchain startup. Also on the ICO List menu option above you can find the next big ICO!