Hello everyone! In today's cryptocurrency 100-day challenge, let's talk about ICOs (Initial Coin Offerings), which are one of the earliest fundraising methods for cryptocurrency projects. The rise of ICOs has allowed many innovative projects to quickly raise funds while providing investors with opportunities to participate in early-stage projects. However, as the market develops, the risks and controversies surrounding ICOs have gradually emerged. Today, we will comprehensively analyze the operation, advantages, and risks of ICOs, as well as how to participate rationally!
Project 'equity crowdfunding'💡
An ICO is like equity crowdfunding for traditional businesses, but instead of raising fiat currency, it raises cryptocurrency. Imagine a startup issuing tokens as a return on investment, where investors buy these tokens, supporting project development while hoping the token value increases with the project's success