What Is This Actually ? What is ICO?
ICO is the abbreviation of Initial Coin Offering. It implies that somebody offers financial investors a few units of another digital currency or crypto-token in return against digital money like Bitcoin or Ethereum. Since 2013 ICOs are regularly used to support the project of new digital currencies. The pre-made token can be effectively sold and exchanged on all digital money trades if there is interest for them.
With the achievement of Ethereum ICO are increasingly used to support the improvement of a crypto extend by discharging token which is some way or another incorporated into the project. With this turn, ICO has turned into a tool that could reform financial system but rather the entire monetary framework. ICO token could turn into the securities and offers shares or stakes for different purposes.
A few different cryptocurrencies have been supported with ICO, for instance, Lisk, which sold its coins for around $5mio in mid 2016. Most noticeable however is Ethereum. In mid-2014 the Ethereum Foundation sold ETH against 0.0005 Bitcoin each. With this, they get about $20mio, which has turned out to be one of the biggest crowdfunding ever and fills in as the capital base for the improvement of Ethereum.
As Ethereum itself unleashed the energy of smart contracts, it opened the entryway for another era of Initial Coin Offering.
TokenLot offers access to more ICO’s than any other service. Their easy to use, simple, and streamlined service removes the hastle of complicated account and wallet creation. By giving you the ability to purchase all up and coming ICO’s either presale or postsale, you will never miss another ICO again!
We believe the best feature TokenLot offers is the ability to pre-order any ICO. You don’t have to worry about your favorite ICO selling out before you’re able to buy. Just pre-order with TokenLot, and they will do the rest for you.
“At TokenLot, we really want to bridge the gap between the great engineering behind the ICO tokens on the market and the new wave of investors that are interested in getting involved in the digital currency space. By providing an easy to use and secure service, we strive to make investing in ICO tokens a more intuitive process”, Lenny Kugel, co-founder of Token Lot, stated. David Bleznak, also a co-founder, added, “The current ICO investment process is still a little bit too complex and convoluted at this point. Each ICO currently has their own payment platform that only allows users to buy with a limited set of digital currencies and doesn’t do the best job of educating investors of all experience levels about the product that they created. We hope that our service will make ICO investing more accessible to the masses”.