What is an ICO?

If you’re wondering what an ICO is, we’ve put together a short guide for you to read below.

 

What is an ICO?

An ICO refers to Initial Coin Offerings and is a form of an Initial Public Offering, otherwise known as IPO. When coming up with a new cryptocurrency, and trying to launch it successfully, this is an alternative form of investment. 

Ready To Spend Your Bitcoin, Ethereum, Ripple, Litecoin, and Other Cryptocurrencies?
Within minutes you can register for a Unbanked account, add funds, pass KYC, get a virtual card and make purchases anywhere major credit cards are accepted. Register at no cost to you.
  Register Now

An ICO is used to entice investors into buying your new form of cryptocurrency to boost its value and its circulation. A person using an ICO would hope that more and more people would buy into their cryptocurrency. The best way to encourage this would be to create a ‘white paper’ and a website detailing the usefulness of the cryptocurrency. 

 

Are ICOs a Typical Form of Investment? 

The answer is “no,” investing in an ICO would not guarantee any profits. Unlike more traditional forms of investment, an ICO does not offer a portion of the company involved in making the cryptocurrency to the investor. Instead, the investor would hold a portion of a cryptocurrency with no value in hopes that one day the value of this new currency would rise. 

 

Who Can Start an ICO? 

Anyone who has access to the right technology, such as a regular computer, would be able to set out an ICO and come up with their own cryptocurrency. There is little to no regulation over them in most countries, which can lead to a lot of scams and easy ways to raise money. 

Buy Bitcoin With Your Unbanked Bank Account
Buy Bitcoin and other cryptocurrencies with your crypto friendly bank account from Unbanked. Purchase Bitcoin and other crypto instantly and settle to your crypto wallet.
  Register Now

Want to take advantage of your ICO? Open up an online bank account, deposit your crypto, and start using your BlockCard as soon as your application is complete.

The Latest

How To Sell Your Cryptocurrencies?

Once you have bought cryptocurrencies, you’d probably start thinking about how to cash them out at profits. Since cryptocurrencies cannot be directly used in stores or to buy stuff, you have to sell your cryptocurrencies if you are looking for short-term gains. There are several ways to do that, including cryptocurrency exchanges, online forums, Bitcoin… Read Article

Can NFTs Be The Next Big Thing After Bitcoin?

Non-fungible tokens (NFTs) are unique tokenized versions of digital assets that can come in the form of videos, digital art pieces, audios, images, etc. NFTs provide special ownership of that digital item to the owner. NFTs are unique because they are stored in a blockchain ledger that cannot be copied, lost, or fraudulently duplicated, which… Read Article

Why You Should Invest in Crypto Wallets You Trust

A crypto wallet is just like any traditional wallet, but instead of cash and cards, it holds your cryptocurrencies like bitcoin. A crypto wallet authorizes your crypto transactions via digital signatures. It stores private and public keys. A public key is an address used to send cryptocurrencies to crypto wallets, while the private key is… Read Article

Why You May Prefer Stablecoins Over Regular Cryptocurrency

Cryptocurrencies are highly volatile, and this can be seen by the fluctuations in Bitcoin prices over the last couple of months. Its prices abruptly skyrocketed in April up to $65,000 and then plummeted to $30,000 in May. Such fluctuations might be beneficial to investors who plan to hold cryptocurrencies for a long time but not… Read Article


6.38%

Crypto Rewards
on Spend

You also have access to:

BANK ACCOUNTS
DEBIT CARDS
BUYING, SELLING, & SPENDING CRYPTO


ARE YOU READY TO GET UNBANKED?


Nah, I enjoy high fees...

x
Bankers NFT Drop coming soon  — January 31st at 12pm ET!?days ?hours 00mins 00secs
This is default text for notification bar