ICO Projects. A new Type of Currency

Lebedev

Lebedev

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Jun 26, 2018
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Cryptocurrencies have been developing really fast and it happened a lot with them since their appearance in the year 2008, despite the people think of the first block release on January 3 2018 as the day when bitcoin was founded. More and more coins are on the market with each year, but on the other hand, because their quantity is really hard to take a sober look at their qualities.

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Once upon a time, there were cryptocurrencies, but there was just a few of them, so there were lots of benefits for both sides: clients used to find out about the latest releases earlier and pay easier, because everyone used the same coins, cryptocurrency developers have also been more perspective due to that it was much easier to gain first users as well as respectability.

What is more, most of cryptocurrencies are created with no purpose or idea, but to bring the fortune to its creators, there are almost no coins that were based on deep ideology like bitcoin those days when Satoshi’s main ideas were:
  • No financial control to governments and institutions, but to common people
  • See-through, but anonymous life: everyone sees everyone's actions, but no one knows no one’s identity
  • Simple instrument available for every person to use with no control and limits at all
Unfortunately, there are dozens of coins starting their work daily, so it’s getting much harder for users to agree about which one to use, but it’s still pretty easy for developers to bring some attention to their technical masterpieces - and the way how they solve this problem is called ICO.



This is a brand new way to get money for making your idea life, while some developers are interested in creating a platform, the most progressive and perspective works on releasing the new coins, with the idea level no less than Satoshi’s creation has. ICO project works this way: at the very beginning of the new cryptocurrency you’re able to buy it for much less price comparing with how big it’s going to be, you do this using Bitcoin or Ethereum. If you buy them even earlier (what is called Pre-ICO) you can be sure in getting some additional bonuses, such as discounts or greater status in the cryptocurrency network.

New ICO projects aimed at creating new cryptocurrencies appear very often, so it’s extremely important to be careful and always think twice before investing, however, thinking twice might help you with the whole life in general, so don’t forget work hard and think more than once!
 
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