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

Unbanked - UNBNK/USDD

The Unbanked Automated Market Maker (AMM) – UNBNK/USDD Explained

UNBNK is Unbanked’s digital currency.  There are two versions of UNBNK, one that operates on Ethereum as ERC-20 and the other that operates on Stellar.  You can read more about UNBNK here.  For this overview, we will focus entirely on the Stellar-based version of UNBNK. The Stellar-based UNBNK token is what is used on Unbanked.com… Read Article

How to Earn Rewards on Your Cryptocurrencies?

As the cryptocurrency industry is booming, people are exploring new and more exciting ways to earn cryptocurrency rewards, learning about decentralized finance (DeFi) apps and cryptocurrencies. You would probably have heard about credit card reward programs, cash backs on shopping, bank account interests, and various sign-up bonuses. These programs have one thing in common –… Read Article

Understanding the World of Decentralized Finance (DeFi)

Decentralized Finance (DeFi) is an open, digital monetary system that utilizes the power of blockchain to facilitate transactions. DeFi is an alternative financial system that aims to democratize finance by replacing tightly controlled, opaque legacy systems with outdated processes and infrastructure. The world of decentralized finance consists of digital assets, smart contracts, and decentralized applications… Read Article

What is the Utility of NFTs?

NFTs (non-fungible tokens) are unique digital collectibles with different identification codes. Unlike cryptocurrencies, NFTs are non-fungible, i.e., they cannot be exchanged for another NFT because each one is unique with its attributes. NFTs exist on blockchains; therefore, they cannot be replicated. Kevin McCoy and Anil Dash created the first-ever NFT called Quantum in the year… 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
Join 2,400+ other investors with over $2.7 million raised! 🔥
This is default text for notification bar