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The power of cryptocurrency and ICO

Currently, there are around 850 cryptocurrencies available to buy on the market. Most started with some form of ICO or token sale.



ICO, or initial coin offering, is very similar to an IPO, or initial price offerings, put out by small companies who need funding so they can expand.
An initial coin offering is a period of time for early investors in cryptocurrencies or digital asset venture, to buy coins and tokens for a fixed price. Prices are usually fixed to Bitcoin.

Recent ICOs have accepted alternative methods of payments such as Ethereum and other prominent coins. Funds given during an ICO are used by the developers to launch the proposed project. The project is often supported by a white paper and prominent people in the cryptocurrency community.

Basically, ICOs are a popular way to fund new cryptocurrencies projects. They are established by crypto start-ups who need funding so they can continue to develop their idea.

The ICO event usually takes place before the end of the project to help the funding team with the expenses before the launch.

For larger projects, the funds normally go into a foundation for continued support. Participants of ICOs are invested in the success of the project and provide early liquidity of the coin after the launch. They also gain the support of others regarding early adoption of the coin.

Experts agree that in many cases, token sales have replaced traditional equity financing rounds.

Many of these projects do not launch in the United States and are being disregarded as a risky business. As it turns out, in some cases the ICOs were proved to be scams or bad ideas run by inexperienced teams.

Bitcoin is the most notorious cryptocurrency and a digital payment system. (Source)

On the other hand, there have been a few ICOs lately that have raised several million dollars in mere minutes.

In April 2017, there was the Gnosis ICO, which raised $12.5 million in only 10 minutes, with a valuation of $300 million. Most recently, the Aragon ICO managed to hit their capitalization of $25 million in 25 minutes.

Currently, there are around 850 cryptocurrencies available to buy on the market. Most started with some form of ICO or token sale. The most notorious is the Bitcoin which went from nothing in January 2009, to currently being worth over $2,000. Other cryptocurrencies are exchanged on over 40 global cryptocurrencies exchange markets worldwide and are usually being expressed as portions of Bitcoins.

With an international experience in research and analysis, Magdalena joins the team of Born2Invest as the new in-house head of product research and financial analysis as well as a contributor to the website. She obtained her bachelor degree in Business and Economics in her hometown Skopje-Macedonia, and a master degree in Electronic Business Management. As a talented and dedicated student, Magdalena had the opportunity to work abroad in the USA and Mexico complementing her curriculum with valuable skills and know-how, while being part of some prestigious companies in her professional career. With her love for reading and writing, she is one creative individual with a strong opinion on current developments and trending topics from business and financial point of view.