What is the difference between an ICO and a tokens?
A “Token Launch” is an Ethereum thing. An “ICO” is a bitcoin/altcoin thing. Coins really only have one utility — to act as simple stores of value with limited-to-no other functionality. They transcend being just a coin, and through their array of functions become something much more — “tokens”.
How do I issue an ICO token?
How To Launch An ICO, A Detailed Guide
- Come up with an idea, think it through and make sure that your project actually needs an ICO.
- Know your competition.
- Research the legal side of things and find out if ICOs are actually legal in your country.
- Create an ICO token.
- Write a white paper.
- Launch a website.
- PR and marketing.
What is a private token sale?
A token sale refers to the initial offering of a cryptocurrency token to a private pool of investors before it officially goes on the market.
How do I participate in private sale Crypto?
How to participate in an ICO – Token Sale
- Background Info.
- Register with an Cryptocurrency Exchange.
- Exchange Fiat for Bitcoin or Ether.
- Transfer your Coins from the Exchange to a Blockchain Wallet you Control.
- Set up your Wallet.
- Buy ICO Tokens.
- Secure your Tokens.
What is a token ICO?
In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other (generally established and more stable) cryptocurrencies such as Bitcoin or Ether.
What is ICO private sale?
Private Sale is typically an early sale of tokens to investors that is unannounced to the common public. Video calls or interviews are often carried out to ensure if investors acknowledge the ICOs goals. Occasionally, as an investor, you may also receive bonuses or discounts based on the amount of contribution!
What are tokens used for?
Tokens can be used for investment purposes, to store value, or to make purchases. Cryptocurrencies are digital currencies used to facilitate transactions (making and receiving payments) along the blockchain. Altcoins and crypto tokens are types of cryptocurrencies with different functions.