The process of an ico crowdsale is nothing too special. In the current state of the art, the developers of the crypto tokens create an Ethereum smart contract (official Application Code). Over this smart contract the whole magic happens. People register on the platform and get a special ethereum wallet address. Now they simply need to send ETH to this address, and after the ICO end, the crypto tokens will be automatically distributed to the right owners.
Each initial coin offering has its special pricing, but normally it’s divided into multiple stages. After each stage the price per crypto token increases. So the earlier you join, the better price per coin you get!
So what is next after acquiring the crypto tokens? You need to trade them!
So what is an ICO? An initial coin offering (ICO) is an unregulated means of crowdfunding that is typically conducted via a crypto currency blockchain or custom website built solely for this purpose. These sites truly are amazing and very diverse in their nature, not to mention style and functionality as well. Early ICO’s were often organized just for funding the development of actual new crypto currency tokens/chains, but modern ICO’s have become incredibly elaborate, with separate budgets for marketing, community growth and so on. There are highly different incentives built into many of these crowdsales, for miners, node operators, and investors alike.
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