An Initial Coin Offering (ICO) is a new form of investment, and there is little knowledge about how to participate. You don’t have to work your finger out to start investing in an ICO. The Crypto market went crazy after the inception of the ICO. People were investing in all sorts of worthless coins in a hope that they’ll be big something like bitcoin. Projects like NEO, ETH, Straits, and ARK quickly made their early investors rich. People went frenzied every time when a new ICO dropped into the market. ICOs are highly speculative and fraudulent on many occasions. But the potential of this kind of investment is worth taking all the risk.
Participating in ICOs is not a grueling task but someone who has just started his crypto journey might struggle. The most important thing to start your crypto journey is to have a wallet, some of the popular ones are metamask, trust wallet, coinbase wallet, and exodus wallet, you can find a bunch of options in, just check which one suits your interest. My favorite one to start with metamask as it’s popular and easy to start with. You can find many tutorials on how to use those wallets, refer to any of them and you are good to go. Always remembers to keep your seed phrase secure and never share it with anyone you don’t know under any circumstance.
Today ICOs are different from what they were previously. As ICOs were centralized and it involved sending funds directly to the developers, the crypto space has made it more decentralized with the help of platforms to organize the ICO which we refer to as IDO (Initial Dex Offering). There are many launchpads that facilitate IDO you need to carefully check into them as you will find many projects ready for their initial funding round. Check everything in detail, and always do your own research. The next step remain is to load your wallet with the crypto. For example, if the ICO you chose is on the Ethereum network then you need to load ETH on your wallet, it’s quite simple to purchase any crypto using fiat money. Exchanges offer the service and you can use popular exchanges like Binance or Coinbase to purchase it. After that connect your wallet to the launchpad and contribute to the ICO. After the ICO is complete and the pool is finalized you’ll get your tokens in your wallet. In some cases, the tokens you purchased will be airdropped to your wallet while in some cases you need to claim your tokens from the same launchpad you contributed to the project. Don’t forget to join the community and chat about the project in which you invested, they’ll help if you get any difficulty in claiming or you don’t receive your tokens. You need to import the new tokens into your wallet using the contract address of the particular project. And after the launch, you’ll be able to trade your ICO tokens in DEX or CEX after listing.
Never forget the number one rule of investing, always invest what you can afford to lose. There are many scams going on, you need to stay safe and never trust any random DM that you get. Careful research and study have to be done before investing and stay safe nobody can reverse anything that happens to you.
ICO investors cannot miss the IGH community where inventors and experts discuss and share their views about the market.
Join now: ighgroup.t.me
If you are new to ICO or have been investing in it for quite a long time then don’t forget to check some tips to pick promising ICOs from other articles.
