For not yet existing only imaginary letters with requests to explain the strange words I use, I dedicate this post to the explanation of terms inherent to the ICO.
Makes sense to start with the explanations, it is ICO. The answer to this question is in my first post, but in short it is a way of raising funds for the realization of ideas. Crowdfunding. And when you have understood what the ICO, let's face it, without which it will not be able to sostoyatsya, without taking into account the Escrow, which we mentioned earlier.
To collect money from people should be something. It's something many call an idea or a business plan. I would call it a WhitePaper ("White Paper") is a document that describes an idea required to implement the resource, deadlines and more. The purpose of a Whitepaper to help make an informed decision to invest in a particular ICO or its consequences — the product / service for which funds are collected.
We all love specifics, so when he hears about the idea, I would like to understand the timeline, and what exactly the money will be spent on each stage of Zboriv. This is called a RoadMap or Drona Card. For example: a highly acclaimed online project Polybius 5 stages, and each stage will be implemented only if the money will be collected. At the moment the project has collected approximately 20,000.000 $, thus they will be able to realize the Payment Institution, Electronic money, Commercial Bank, Digital Pass. Within the framework of krautsalat to implement the fifth stage, you must still dosobirat 5,000,000 $. Until the end of ICO there is time, so there is no doubt that the ICO will fail over successfully, and most likely even ahead of schedule.
Of course we want to know where we are investing money and who will manage them. So everything on the site any ICO is a section Command, where must specify the experience of each member of the teams and who is where specialist. It should be people who know how to manage, promote, create (programmers and architects).
Every ICO project has Baunti (Bounty) of the company. These are markentingovoe campaigns, which are designed to encourage "ordinary factory workers" to like, repost, doing some other activity. Most often used bounty for Facebook, Twitter, campaign setting forum signature Bitcointalk.org as well as maintaining the topic of the project the ICO on this very forum. In recent time, some bounty campaign is rarely highlighted at bloggers and video-bloggers. In addition, you are likely to earn for writing articles themselves, you will accrue tokens — kryptonite, which produces a particular project.. This is a great trend, which is designed to increase crypto literacy of the population.
So, why do we need to invest in ICO by buying tokens? Why do I need to participate in the bounty littering their profiles in social networks? The answer is simple. Buying coins during the ICO at a discount, you can sell them after and earn a very high percentage. For example ICO project Humaniq at the start and at the time preICO offered 49.9% discounts. After ICO coin only grew in price, and now those who bought the coin in the beginning, can sell it and earn over 300% profit.
It is worth saying that not infrequently ICO or fail, having collected money from the population, begins the extinction of the interest of the leadership to work on. Thus it is necessary to study, analyze and understand the subject, sometimes learning from their mistakes.
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