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Author: Admin | 2025-04-28
Bitcoin. It showed the world that bitcoin could be used as a secure, international payment method – even in an industry as trustless and shady as international drug dealing.Now that Silk Road is gone, new drug marketplaces are taking its place. These drug marketplaces frequently get shut down, and none have lasted as long as Silk Road. Initial coin offerings, or ICOs, have changed the world of fundraising. Today, a growing number of companies are launching ICOs to raise money for a product. Investors receive coins in exchange for their investment. These coins can represent a share in the company, or they can be used to purchase products from the company’s platform when it’s eventually released.ICOs are not exclusively for the blockchain community. However, they’ve become particularly popular in the blockchain world.If you invest intelligently and pick the right companies, then you can make an enormous amount of money from ICOs. Ethereum – the world’s second largest cryptocurrency by market cap – initially launched through an ICO. During the ICO, Ethereum was priced at a rate of 1 BTC=2000 ETH, which worked out to approximately 35 to 40 cents per ETH at the time. In 2017, Ethereum has risen as high as $400. If you purchased a lot of Ethereum during the ICO and held onto that Ethereum for 18 months, then you would be a very wealthy person today.Obviously, hindsight is 20/20. There are plenty of ICOs that launched at a price of $1, only to plummet to $0.02 a few weeks later. With that in mind, let’s take a closer look at how ICOs work.WHAT WAS THE FIRST INITIAL COIN OFFERING? The first token sale was held in July 2013 by Mastercoin. In 2014, Ethereum and Karmacoin both launched their ICOs. Ethereum’s ICO was the first high-profile token sale, and it was the first time many people online learned of the concept of an ICO. During their ICO, Ethereum raised 3700 BTC in just 12 hours, which was worth approximately $2.3 million at the time.It wasn’t until 2016 that ICOs really started to take off. By 2017, ICOs were a full blown phenomenon. Before the end of 2017, even mainstream companies – like messaging app Kik – were launching ICOs.During the early ICO days, the crowdfunding system looked like an easy way for nerds to make money to finance a project. Today, they’re legitimate – and even regulated
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