ICO (Initial Coin Offering) - Way For New Crypto Currencies To Raise Initial Capital

Published: 2018-06-26 Views: 1163
Author: Pop Coin
Published in: Business

ICO (Initial Coin Offering) - Way For New Crypto Currencies To Raise Initial Capital

Presently as Cryptocurrency is often found in the news, and one of the things that has recently been causing a commotion are initial coin offerings, which are better known as ICOs. Many people face the dilemma whether Initial Coin Offering is safe investment or whether they possibly allow you to earn very large returns if you invest in an ICO?

Today ICO is simply a technique for new cryptocurrencies to raise the initial capital that is needed to launch a new coin or token. An initial release of the currency is offered to early adopters in return for an investment made in either conventional currency, or more usually, in other cryptocurrencies. It is important to note that an ICO works in a very similar fashion to a crowdfunding campaign. It is moreover essential for the cryptocurrency business to publish full details of how the new currency is going to function along with the details of what other currencies will be accepted as an investment in the initial release of the coin and what is the time limit on the offering.

The entire idea after launching an ICO (Initial Coin Offering) is no different from that of the first public offering of share that company will make. In a traditional initial public offering (IPO), a company offers shares for sale to the public to raise capital.

Blockchain technology serves as a platform that allows the transit of digital information without the risk of being copied. It is an irrefutably resourceful invention which is practically bringing about a revolution in the global business market. Its progression has brought with it a greater good, not only for businesses but for its beneficiaries as well. Blockchain in a way lays the foundation for a strong backbone of a new kind of internet space.

Blockchain was formerly designed to work with Bitcoin as it lays down functions that explain the layman about its algorithms, the hash functions, and digital signature property and more. Present day technology enthusiasts are discovering several other potential uses of this immaculate invention which is paving the way to the commencement of an entirely new business industry process in the world.

Hybrid Network is a new type of cloud based virtual network. A hybrid network integrates both a private, in-house network and public network. Hybrid network are usually formed in two ways: a business has a private network and forms a partnership with a public network provider, or a public network provider forms a partnership with a business that already runs a private network platform.

The POPCoin system is a hybrid structure of a public network and a private network. Public networks have public block chains, and private networks have private block chains.

Author Bio

The next generation crypto-currency and Blockchain based service platform to make our society more transparent and trustworthy. POPCoin is a technology that implements the trust and sharing of the Blockchain. POPCoin system is a Hybrid Network of a public network and a private network. For more details visit : https://www.popbc.io/

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