Initial Coin Offering popularly known as ICO are pretty much in demand among the traders. They always try to look out to book huge profits with these ICO.
What is an ICO ?
ICO is very similar to crowdfunding. A company looking to raise money to create a new coin, app, or service launches an ICO as a way to raise funds. Through ICO trading platforms, investors receive “tokens” in exchange for their monetary investment in the business. It can also be seen as IPO (Initial Public Offering) when company raise funds through Shares.
There is always a craze among the crypto traders for new ICO launches. Recently, I asked my friend to share details of upcoming ICO on which he guided me to www.icodrops.com.
ICO Drops contains a complete list of all ICOs & IEOs (Initial Exchange Offerings) in three columns "Active ICO, Upcoming ICO and Ended ICO".
The website is well designed interface made with complete details of all kind of ICO's. You can find information on current ICOs as well as those that have recently ended and also to the new upcoming one.
Apart from the basic details, the website also provides details of Whitelist, where participants are required to register in order to participate in the ICO.
In addition, There's an ICO Stats option that shows how much a token has raised. It was further drilled down to two criteria "Market & Advanced Return" .
It actually detailed out the status of the ICO, w.r.t the Offering price as well as the market price and the ROI in BTC, ETH and USD. These details helps the user to access the current market value with regards to the investments.
I found this a very interesting concept of providing a one stop shop for all ICO need.
It is crazy to know that so many tokens are still be created every day/week/months. On scrolling the page I noticed there were many new upcoming token underway. Which might help to sustain the ICO craze among the investors/traders.