What is an ICO and how is it working?
ICO stands for Initial Coin Offering, which is a combination of crowdfunding and IPO (Initial Public Offering). In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of "tokens", in exchange for their investments. The ICO uses these investments to meet its funding goal and launch the project.
How does an ICO work?
1.,
The company publishes a so called “white paper”. In this document investors can get familiar with the philosophy, goal and timing of the project.
2.,
The issuer determines the funding goal and the timing of the ICO and creates the smart contract, which regulates the process.
3.,
There are several pricing strategies, but the most popular is to set the token prices in bitcoin, ether or US dollars. We use the term “token” until the project is running on another blockchain (e.g. Ethereum) and after it has it’s own, we call it an independent coin or cryptocurrency.
4.,
When the ICO meets its funding goal begins the launch of the project.
5.,
The ultimate goal of the project is to start the public trading of its cryptocurrency. With this investors can gain profits on their investments.
Successful ICOs from the past
In the lack of complex legal rules this type of project funding has high risks, because there isn’t any guarantee, that an ICO meets its funding goals and it will be successful. But luckily according to this the achievable profits are extremely high!
A really good example is the famous Ethereum project: The Ethereum ICO was held from the 20th of July, 2014 to the 2nd of September, 2014 (42 days). 31.500 BTC ($18.4 million at the time) were collected during the Initial Coin Offering period making it the second most successful ICO held and the 6th highest funded crowdfunding project so far. That time the price for one ether was $0.4. The project started after the ICO in 2015 and after a year the price was above $14. In 2018 the price is above $440 and the market capitalisation is above $44 billion. Smart investors, who have joined in the beginning could have reached a thousandfold return on their investment, which means if you have invested $100, now you have over $100.000.
The most promising project today - in our view
There are lots of projects held nowadays but there is one, in which’s success we really believe in!
Why?
We know personally the owners and got to know the background of the company, which successfully operates now in more than 10 countries with several thousand of users.
The company Blockchain Capital Ltd. was founded in 2017, and operates according to the British law. They have made a successful ICO in the past, and now the issued BCT tokens can be bought through an SCO (Secondary Coin Offering).
The entire operation of the company is based on a smart contract, which means that everything is pre-programmed by algorithms, without the possibility of human interference.
An independent auditor made a report on the value of the company. This was made by decenter.org in December 2018 and it values the company at $2,129 billion. There are 21 million BCT tokens issued, so the realistic price of one token is $101.
There are huge discounts in the token price, because you can buy these tokens at $35 now!
What is Blockchain Capital Ltd.’s project about?
Blockchain Capital Ltd. is a pioneer and a leading venture company investing in blockchain technology and digital assets. They have created an index-token (WBT) first in the world, which offers an investment opportunity to the TOP20 cryptocurrencies, in a diversified, simple and trustful way, based on a smart contract on the Ethereum blockchain. Besides that they also issued the BCT token, which reflects the value of the company also on a smart contract basis. Their goal is to improve continuously and create an entire banking and insurance ecosystem based on blockchain technology, which involves life insurance products based on smart contracts, loans and other financing solutions and exchange platforms. This means management of personal finances of customers in the crypto-active market and creation of a blockchain based commercial bank with a full digital ecosystem.
The official information of the smart contract on the Ethereum blockchain:
Our webpage, bitcoinportal.co.uk is an official partner of the project above. The conditions of these tokens are the same as the ones offered on the official site of the project. Of course we give you extra knowledge and support.
Full support and consultations face-to-face or Skype
We are looking forward to helping you to understand the world of cryptocurrencies, so if you order your ICO tokens through our website we provide full support to you! This means no extra charge for you, because the conditions of the packages are the same as of the ones offered on the website of the ICO company.
What can we help you as your partners?
Sharing you practical experience in the field of cryptocurrencies.
Telling you which currency exchange is the best, where and how can you exchange between traditional and digital currencies.
Showing you the differences amongst digital wallets and helping you choose the best one.
If you want a bank card for your wallet, we can show you solutions for it.
We can compare mining companies and show you the differences of them.
We have a full-scale customer service at your disposal.
We are not only enthusiastic cryptocurrency fans, but experienced financial experts, advisers and consultants. So we are at your disposal even in questions of a full investment portfolio.
Feel free to contact us and inquire from our experts!
PETER SAGI
Peter Sagi, MBA - your personal cryptocurrency advisor
Peter Sagi, MBA - your personal cryptocurrency advisor Peter Sagi is an economist, he got an MBA degree in Finance. He is a financial advisor and planner and the CEO of his advisory company. Member of the Financial Planning Association and the Economic Association of his country. He is very recognised in his field and attends frequently international conferences. He has some classes as a lecturer in universities. He is the founder of bitcoinportal.co.uk and other websites in the topic of finances and cryptocurrencies. His aim is to educate the practical financial knowledge to people and introduce them to the unlimited opportunities in the industry of cryptocurrencies.
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The information provided above or on our webpage and in our newsletters, the comments, opinions and analyses presented by the author(s) are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or currency or to adopt any investment strategy. These data come from our own investments, which we are satisfied very much, therefore we are willingly share our results and experience with you.
The most promising project today - in our view
There are lots of projects held nowadays but there is one, in which’s success we really believe in!
Why?
We know personally the owners and got to know the background of the company, which successfully operates now in more than 10 countries with several thousand of users.
The company Blockchain Capital Ltd. was founded in 2017, and operates according to the British law. They have made a successful ICO in the past, and now the issued BCT tokens can be bought through an SCO (Secondary Coin Offering).
The entire operation of the company is based on a smart contract, which means that everything is pre-programmed by algorithms, without the possibility of human interference.
An independent auditor made a report on the value of the company. This was made by decenter.org in December 2018 and it values the company at $2,129 billion. There are 21 million BCT tokens issued, so the realistic price of one token is $101.
There are huge discounts in the token price, because you can buy these tokens at $35 now!
What is Blockchain Capital Ltd.’s project about?
Blockchain Capital Ltd. is a pioneer and a leading venture company investing in blockchain technology and digital assets. They have created an index-token (WBT) first in the world, which offers an investment opportunity to the TOP20 cryptocurrencies, in a diversified, simple and trustful way, based on a smart contract on the Ethereum blockchain. Besides that they also issued the BCT token, which reflects the value of the company also on a smart contract basis. Their goal is to improve continuously and create an entire banking and insurance ecosystem based on blockchain technology, which involves life insurance products based on smart contracts, loans and other financing solutions and exchange platforms. This means management of personal finances of customers in the crypto-active market and creation of a blockchain based commercial bank with a full digital ecosystem.
The official information of the smart contract on the Ethereum blockchain:
Our webpage, bitcoinportal.co.uk is an official partner of the project above. The conditions of these tokens are the same as the ones offered on the official site of the project. Of course we give you extra knowledge and support.