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What Is an Initial Coin Offering (ICO)? A new cryptocurrency can launch an ICO as a way to raise funds long before listing. Venture capitalists will grab these coins for a very low price. By the time the coin is released, they will be enjoying a 10x profit thanks to your funds. This is merely the start; here’s an excellent example. 500x profit waiting to be unlocked. People are trusting these tokens sadly When market turns guess which coins will be the first ones to dump hard into the oblivion. You could be misled by others to purchase that kind of coin! Some of us have little experience and can be tricked easily. Be cautious of large followings and high engagement; they can be deceiving. Expect no 10x returns next month. Instead, there will be large token unlock events. And poof, you’re down by -80% I am working with Glue to teach reddit community about Glue and the issues with ICOs through this post.) That was the opposite of what Glue trying to achieve Unlike other blockchains, Glue`s seed round was conducted at only a 30% discount and we are very confident that Glue have one of the best L1 token distributions out there. Check Glue.net and our next AMA(Aug. 21) if you want to learn more. I wish to share knowledge with minimal advertising. So that was it. Thank you all submitted by /u/hiorea |
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