You’ve probably heard that most ICO ‘s are scams or that initial coin offerings are rife with scams and corruption. If you are wondering why that is, then watch the video for an explanation of the ICO cryptocurrency landscape and the ICO review process broken down.

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I always get these same questions: what is the ICO review process?
are ICO ‘s worth it? are ICO ‘s safe? are ICO ‘s legal? what is an ICO?

Because the current cryptocurrency ICO market doesn’t have ICO regulation, ICO scams are dime a dozen and the ICO review process is nonexistent. Unfortunately most initial coin offerings are a scam and are not legit. We will be seeing ICO regulation coming down the pike as we just saw in Gibraltar and that will eventually become a good for the future of cryptocurrency ICOs moving forward (https://cointelegraph.com/news/gibraltar-to-introduce-worlds-first-ico-regulations). While crypto ICOs could be profitable the chances are that you can be scammed are a lot higher. The ICO review process is broken and we need a better initial coin offering mechanism to raise money for ICO cryptocurrency projects.

ICOs allow startups to crowdsource investment, and they allow everybody the opportunity to invest in early stage companies. ICOs are also controversial, for reasons we’ll go into. Let’s talk about ICOs!

Looking for more? Check out our in-depth guide to ICOs: https://goodbit101.com/learn/icos

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An ICO is a fundraising operation for a project through the sale of cryptographic tokens. The tokens are sold at a discount and later on may be used within the project or sold for a profit. ICOs are unregulated and hold a lot of risk for uneducated investors.

Altcoins, as alternative currencies to Bitcoin. There are four main factors to take into account when evaluating a cryptocurrency – Adoption, security, innovation, and incentives.

That’s ICOs and altcoins in a nutshell. For a more detailed explanation keep on watching the video, here’s what I’ll cover:

0:38 – What are altcoins?
0:56 – Why do we need altcoins?
1:49 – How to evaluate altcoins?
3:56 – What is an ICO?
5:36 – The Ethereum ICO
6:23 – A disastrous ICO example
6:52 – ICO caveats
9:34 – How to evaluate an ICO?
10:30 – Conclusion

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For the complete text guide on ICOs visit:
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Initial Coin Offering or ICO is like an IPO but for cryptocurrencies. ICOs also serve as crowdfunding for cryptocurrencies. Learn more about ICOs as Maria talks about Initial Coin Offering in this episode of We The Cryptos!

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