ICO stands for Initial Coin Offering. Top ICO marketing agencies utilize ICO as the counterpart of IPO (Initial Product Offering) to help crypto businesses raise funds for their future crypto projects, services or products etc. Well, this is the most basic thing you first need to understand about ICO.
What exactly is ICO?
The use of ICO’s is not limited to use by the top ICO marketing agencies to help crypto ventures launch some coin, project, product etc.. You have to include some people who play Investors to make your ICO successful.
Moreover, it has to have something for those investors too. In other words, an ICO offers something like some Cryptocurrency or service etc. to investors that they can use anytime to buy some product or service from your organization in the future. All in all, you can call ICO (Initial Coin Offering) a medium of crowdfunding.
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Yes! You are reading absolutely right! You may think about launching an ICO thinking that it can bring you the financial support through individual investors you need for your crypto business. Launching an ICO and managing it is like stepping in completely unfamiliar territory. Therefore, the best thing you should do is to hire some reputed ICO marketing agency to help you on this front. But it does not mean that you should not educate yourself about it.
Key ICO terms to be familiar with:
You must learn about it as much as possible. It is because the success of your ICO campaign also depends on the level and quality your own knowledge in this regard. Here is the list of key terms related to ICO that you should be familiar with:
This secure identifier marked by a string of characters acts as the key required to enable payments to individuals or entities through Blockchain transactions. Address normally needs a private key for accessing the funds exclusively. Here you can understand it through the examples of Bitcoin and Ethereum addresses. Bitcoin addresses tend to be alphanumeric and start with 1 or 3 whereas Ethereum addresses start with “0x”.
A form of Cryptocurrency and alternative to the crypto-king called Bitcoin. Different types of Altcoin are available in the market. This is another key ICO term that reputed ICO marketing agencies advise you to be familiar with.
Bitcoin (BTC) and Bitcoin (BCH): Bitcoin (BTC) and Bitcoin (BCH) are different Cryptocurrencies. This is the main difference between the two Bitcoins. Bitcoin (BTC) was first every digital currency. It was launched by some Japanese named Satoshi Takemoto (Still unknown to the world). BTC helped enable P2P (Peer-to-Peer) payments. Bitcoins creation happens through expensive mining process. It is because Bitcoin mining consumes a massive amount of electric and computing power. These are the two terms reputed ICO marketing agencies advise you to know the difference between to be able to launch a successful ICO.
On the other hand, Bitcoin (BCH), created in 2017, is the clone of Bitcoin Blockchain. The capacity of its block size is way more than the capacity of Bitcoin’s (BTC)
Every time a transaction is carried out on Blockchain, a block is generated. This block-generation turns into a chain of blocks which then is called the Blockchain. In this process, one thing that you need to understand is the fact that these blocks contain information about the transaction carried out. Moreover, all these blocks are bundled together with a predetermined size. These blocks are then processed further to verify the transaction carried out. All in all, this is how all these blocks form a chain of blocks in this process and go on to become part of Blockchain.
Learning is a lengthy process! It does not end here only. Therefore, it is important that you keep coming back to our website for seeking more education in this regard to be able to launch a successful ICO one after another. We are one of the top ICO marketing companies in the world. We can help you learn about it in detail! If needed, from experienced professional, infrastructure to reputation, we have everything you need to launch a successful ICO. Let’s get connected and see how we can add value to your ICO campaign!