What is an ICO?
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Initial Coin Offerings defined & How Tokens Work. Read the full story here: https://imiblockchain.com/what-is-an-ico/ In this presentation, we explain to you what an ICO is and how Tokens work for an initial coin offering. Also, investors are covered, as we explain how to invest the right way in ICOs. Have you ever asked this generic question, what is an ICO, an Initial Coin Offering? A lot of people continually ask this question, despite the ICO boom of 2017/2018 taking the financial world by storm. This piece takes a closer look at what ICOs are, the types there are, and other key considerations for investors amongst others. In this article, we will have a look at the ICO meaning and explain to you, how an ICO works. Furthermore, we will give you the insides of ICO tokens available today. Are you ready? Then let’s begin with our ICO definition!
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- 1. iMi Blockchain WEBINAR HOW TOKENS WORK FreeConsultation
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- 4. iMi Blockchain WEBINAR • Intro • What is an ICO? Ourdefinition • The2 types of Initial Coin Offerings • Howdoes an ICO work? • What are ICOTokens and available types? • Howto setup an Initial Coin Offering • Investing in Initial Coin Cofferings • ICO meaning and key takeaways
- 5. iMi Blockchain WEBINAR • Marcel Isler, CEO & Founder of iMi Blockchain
- 6. iMi Blockchain WEBINAR • a technical guide • an in-depth explanation about technical details • a primer but we do offer
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- 9. iMi Blockchain WEBINAR • ICO = Initial Coin Offering • Raising Funds for a Blockchain project • Issuing Tokens for the public • It’s a new model of Fundraising • It’s a different way of crowdfunding • An alternative to the traditional Initial Public Offering (IPO)
- 10. iMi Blockchain WEBINAR 1. Private ICO 2. Public ICO
- 12. iMi Blockchain WEBINAR • Utility Tokens • Security Tokens • Asset Tokens • Reward Tokens • Equity Tokens • Payment Tokens • Non-Fungible Tokens (NFTs)
- 13. iMi Blockchain WEBINAR • Define a unique Use Case • Build a winning Team • Hire Experts • Reach out to Launchpads and Exchanges • Build a responsive Social Media community • In-depth reviewof local regulations
- 14. iMi Blockchain WEBINAR • Beaware of Scams • Addressable market/use case • Backing investors/launchpad • Community responsiveness • Team profile
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Editor's Notes
- Hello everyone and welcome to this webinar. Today we will answer the question: “What is an ICO?”. We will give you a clear definition of Initial Coin Offerings. Furthermore, we will explain to you, how Tokens work. If you want to invest in Crypto or if you’re about to raise Capital in the Crypto market, then this webinar is for you.
- Welcome to the iMi Academy and our free webinar series. Let’s start with a couple of notes about us.
- The iMi Academy is the educational arm of iMi Blockchain. An independent leader in Distributed Ledger Technology, based in Zurich, Switzerland. With us, you can learn all about Blockchain and Cryptocurrency online. This webinar is an extract from our latest blog post. Follow the link below to read the full story.
- Today‘s agenda contains the following topics: After an introduction, we will answer the question: What is an ICO? We will give you a clear definition. Next, we will show you the two types of Initial Coin Offerings. Then we will answer the next important question: How does an ICO work? What are Tokens? We will show you the available types of Tokens. If you are about to launch your own ICO, we explain to you how to set it up. If you are an investor, we cover this point too. And finally, we will also clarify the ICO meaning and talk about the most important key takeaways.
- Now, allow me to introduce myself first. My name is Marcel and I‘m the founder and CEO of iMi Blockchain. I‘m an economist and studied blockchain technology as well. Since 2009 I am a crypto enthusiast and founded iMi Blockchain in 2019.
- First, let‘s clarify what this webinar is not about. It‘s not a technical guide nor is it filled with technical details. We keep it simple. And no, it‘s also not a primer but we do offer more detailed courses on our website.
- Visit imiblockchain dot com and navigate to Learn Blockchain. There you will find courses with certification. Or other free webinars like this one. You can take crypto classes to learn everything about Bitcoin and other Cryptocurrencies. And finally, you can learn blockchain programming as well. We deliver coding tutorials for all major programming languages.
- Have you ever asked this generic question, what is an ICO, an Initial Coin Offering? I’m sure you did. A lot of people continually ask this question, despite the ICO boom of 2017/2018 taking the financial world by storm. Today, we will have a look at the ICO meaning and explain to you, how an ICO works. Furthermore, we will give you the insides of ICO tokens available today.
- ICO means “Initial Coin offering” which of course begs the question “what is an initial coin offering?”. Well, an initial coin offering is a means by which blockchain projects raise funds. This is done through the issuance of tokens, available for the public. This ICO definition may be an oversimplification of what this fundraising model entails. ICO can be noted as a crowdfunding option and an alternative to the traditional Initial Public Offerings (IPO) through which regulated firms raise capital.
- There are two major types or forms in which ICOs are conducted including the Private and Public fundraising events respectively. Typically, both options are complementary and are often embraced by the start-up following a time-bound succession. Private ICOs are public sale events in which coin issuers sell the tokens directly to private investors. The sale is often conducted with huge venture capitalists and high net worth investors. This class of investors often backs the project by issuing the tokens at a very early stage, and the funds raised help in powering the project development. Public ICO’s are typically opened to the public. The basic goal of every crypto project is to create a product that can be adopted by the public. The extension of a new cryptocurrency or token offering to the public is to get an initial crop of mass supporters for the project. People that invest their money in a project are likely to test out whatever product will be introduced later on.
- ICOs typically involve a mutually beneficial relationship in which token issuers get funds in exchange for a promised value. With different blockchain start-ups redesigning different models, all have a corresponding value or promise attached to the tokens they issue. The plans, aspirations, and business models of almost all projects seeking to offer an ICO are often detailed in a White Paper for investors to read on a website and on ICO platforms. A partnership with a crypto launchpad is also necessary as this will serve as the brokerage for the transaction. Purchased tokens are often distributed to investors following a successful ICO under predefined terms and agreements. The funding of a project can be in Fiat, usually US Dollar or in a well-respected Cryptocurrency, such as Bitcoin or Ethereum.
- To gain a broad over of ICO tokens explained, we would need to explore the tokens by the classification per regulatory provisions. Based on these, ICO tokens are primarily divided into two: utility tokens, and security tokens. But creative people came up with some “sub-category” tokens as well. Let’s have a look at what exists so far. Utility tokens are often sold out to investors in exchange to gain access to a project’s platform and offerings upon Mainnet launch. Ether and Gas coins are top tokens. Security tokens on the other hand are classified by monetary authorities as investment securities issued by a company. Per this classification, security tokens conform with securities laws and they represent a share in the issuing company. In reality, the issuance of a security token takes the tag of a Security Token Offering (STO). Holders of these tokens may be entitled to sharing profits alongside the firm. Asset Tokens are similar to Utility tokens but it represents an asset. Reward Tokens can be described as loyalty points. Equity Tokens are a form of security tokens. Normally, it represents the equity in an underlying asset, typically the stock of a company. Payment Tokens do replace sensitive debit or credit card payments. Non-Fungible Tokens can represent any asset in the digital world. NFTs became very popular lately in the form of digital artwork and digital real estate.
- Setting up an Initial Coin Offering may take a lot of time on the part of the project owners. ICO development requires a unique use case. Make sure you build a winning team to cover all aspects. To launch an ICO successfully you should consider hiring experts to broaden your views. For the logistics of selling and distributing the created tokens you’ll need third-party launchpads or exchanges. Building a functional and responsive community on social media handles is a key prerequisite. Whatever option is being sought, adherence to local regulations should be taken into key consideration.
- Unsuspecting investors may lose their funds easily to ICO fraud. Therefore, we must warn you of the great risks and immediately turn to the scam. The project’s key use case must be known and carefully analyzed. Successful ICOs are those who have a unique product or service to offer. The partnering launchpad where the token will be sold and distributed is also a core consideration to note. Top launchpads like CoinList and Binance Launchpad amongst others hardly back fraudulent projects. Good use of Social Media can significantly showcase how credible an ICO project is. A serious ICO is available on all platforms. Last but not least, backing a project whose team profile is hidden may be a sign of fraud.
- ICOs and their many alterations are ways in which start-ups raise funds to finance unique project developments in the crypto ecosystem. The ICO process may or may not be regulated depending on the type of token (utility or security) being issued. ICOs may be replete with fraud, however, key indicators like the real-world use case and the team behind a project can give investors the confidence they need to invest in a new token. If you are planning an ICO, be sure to seek advice from an expert. ICO consultants from iMi Blockchain are happy to help you. In case you are an investor, then you should book our advanced cryptocurrency seminar. We will show you how to profitably maximize your crypto portfolio.
- This is it for today. We hope you enjoyed our presentation. If you have more questions or need further information, then please visit us at imiblockchain dot com. Thank you for watching this webinar and see you soon again with other exciting topics related to learn all about blockchain and cryptocurrencies.