Today, Bitcoin and Ethereum rates keep high level. That is why a lot of new crypto-currencies appear every day and is getting popularity. One of the most comfortable und frequently useable ways to create new crypto-currencies and raise funds for blockchain startups is ICO nowadays. This is a new model of crowdfunding for crypto currency. However, as it often happens with crypto-currencies, there are many legal issues which scammers use skillfully and that is why this scares off potential investors. Of course, the most important question for everybody is how successfully conduct an ICO campaign and attract money to the project without losing investor confidence. However, there are a lot of another questions which we need to find answers.
Forget about deposits with low interest rate (and even trade in bitcoin and ethereum) – ICO and trade in crypto-currencies are relevant today. At the same time, an ordinary investor doesn’t know at all how the primary placements of digital tokens work and how to buy those or other coins.
What future for the technology behind blockchain?
Blokchain seems like technology from the future described in science fiction. However, not all the potential of this technology is realized now. In the future, with the help of distributed databases, it will be possible to implement the most daring initiatives – for example, to ensure fair elections on the Internet. Moreover, it is not just fantasies: there are already many projects and blockchain products on which one way or another you can guess the possible future of technology. We will tell you what scenarios the blockchain without cryptocurrency can develop.
For many people, the blockchain is strongly associated with crypto-currencies. This is not surprising, because the first practical application of the new technology found in bitcoin. However, in fact, this is just a principle of recording and storing information, which is already use in other spheres.
Kirill Bensonoff, Tech Entrepreneur on the State of Blockchain:
Blockchain: the buzzword in every entrepreneur’s repertoire right now. Blockchain as a technology is becoming more well-known than ever before, but the truth is that the technology is still in the early stages. Kirill Bensonoff, successful tech entrepreneur, states that blockchain has created a unique foundation which can improve the availability of many services and products for people around the world.
Investing in ICO is a promising opportunity, which is talked about a lot, but, as often happens, many risks and pitfalls remain unclear. How to distinguish a potentially profitable ICO from one that will only disappoint the investor? In this article we will try to find an answer to this question.