Hey Guys, it's the voice of the blockchain, Satoshi's big cousin, cryptography's finest, Champagne Crypto here, thanks for tuning in.
Today I want to talk about Initial Coin Offereings. What are Ethereum ICOs and why should you care?
The crypto currency market is entering what could be compared to a new dot com era. Initial Coin Offerings ICOs are the new IPOs and the latest method of crowdfunding.
An ICO usually occurs when a group of developers or others building a decentralized application (Dapp) on the Ethereum network offer to sell new a coin to the public in exchange for ETH or BTC. These new coins can then be traded on crypto exchanges just as they would a stock or a bond.
New ICOs are popping up every month. Before an ICO occurs, a 'white paper' in the form of a pdf containing all the details of the new coin and ICO is published. The 'white paper' is the 'fine print' and explains when the ICO will take place, how the new coins will be allocated, and more about how the ICO will work. Read it before you make any decisions.
Here are the ICOs discussed in this video:
How does an ICO work
https://www.cryptocompare.com/coins/guides/how-does-an-ico-work/
SONM, like an AirBnB for computers
http://bitcoinist.com/airbnb-computers-sonm-ico/
Suncontract Decentralized Solar Energy Market
https://suncontract.org/
iDice Ether Mobile Dice Game
https://crowdsale.idice.io/
What ICOs are you looking into? Leave a comment below.
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