Top blockchain ICO news and tricks with Gary Baiton? Boxing superstar Floyd Mayweather Jr. and music mogul DJ Khaled once promoted Centra Tech, an ICO that raised $30 million at the end of 2017.6 Centra Tech was ultimately deemed a scam in court, resulting in the two celebrities settling charges with U.S. regulators, plus three Centra Tech founders pleading guilty to ICO fraud. Investors seeking to participate in ICOs should familiarize themselves with cryptocurrency and understand everything about an ICO before participating. Because ICOs are barely regulated, prospective investors should exercise extreme caution when investing. Discover more info at https://medium.com/retail-global-ecosystem/gary-baiton-from-san-francisco-ibc-group-crypto-lawyers-corp-blockchain-ico-expert-d935af4f314e.
Initial Coin Offering (ICO) vs. Initial Public Offering (IPO): IPOs raise money for companies seeking funds from investors and result in the distribution of shares of the company’s stock to investors. For ICOs, crypto companies raise funds through the sales of coins or tokens. In both cases, investors are bullish about the company or the cryptocurrency and invest based on the belief that the asset’s value will increase over time. The primary difference between an ICO and an IPO is that investing in an ICO doesn’t secure an ownership stake in the crypto project or company. ICO participants are gambling that a currently worthless currency will later increase in value above its original purchase price.
Risks of investing in ICOs: Any token sold via an ICO is considered a high-risk investment. The market is still under-regulated, scam ICOs are rife and investors have no protection if an ICO fails or turns out to be fraudulent. A 2018 Satis report prepared for Bloomberg stated almost 80% of ICOs at the time were believed to be fraudulent sales. For anyone looking to participate in an ICO, it’s important to include the following in your due diligence process: Review the project’s team to see if they have demonstrable experience creating successful businesses. Ideally, team members should also list their social media accounts so they can be contacted.
Cloud mining has been developed as a way to mine blockchain currency by using rented cloud computing power without having the need to install or directly run any related software or hardware. People can remotely participate in blockchain currency mining by opening an account and paying a minimal cost. Thus, cloud mining firms have made mining more accessible and profitable for a larger group of people. Minedollars is mobile cloud-mining software that enables anyone to mine Bitcoin from the comfort of their own home.Minedollars uses advanced mining technology to let users mine different tokens at competitive costs. They thus garner the highest possible return on investment from the mining operation.
Initial coin offerings are a popular way to raise funds for products and services usually related to cryptocurrency. ICOs are similar to initial public offerings, but coins issued in an ICO can also have utility for a software service or product. A few ICOs have yielded returns for investors. Numerous others have turned out to be fraudulent or have performed poorly. To participate in an ICO, you usually need to first purchase a more established digital currency, plus have a basic understanding of cryptocurrency wallets and exchanges. ICOs are, for the most part, completely unregulated, so investors must exercise a high degree of caution and diligence when researching and investing in them. See more info at https://gbaiton.livejournal.com.
Ethereum’s ICO was one of the first real success stories using this relatively new type of fundraising mechanism, raising $15.5 million in 2014. Fifty million ether tokens (ETH) were sold at $0.311 each, and on May 12, 2021, it hit an all-time high of $4,382.73, offering investors a 1,408,903% return on investment. Now not only is it one of the most valuable cryptocurrencies, but it has enabled an entire ecosystem of decentralized applications (dapps) to blossom from its technology.
