The coins you have bought are referred to as tokens. They are similar to shares of a company sold to investors during an IPO. If the ICO is unsuccessful and not enough money is raised, the money may be returned to the investors . If the ICO is successful, the money raised will be used to pursue the goals of the project.
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So, the very first thing you should look out for is the team and people behind a particular ICO project . The strength and quality of the team will tell a lot about the project itself. Whether the team members have any experience in the field of cryptocurrency or any other related field in that matter.
Read moreWhat is an ICO platform?
What are Initial Coin Offerings? ICOs are another form of cryptocurrency that businesses use in order to raise capital . Through ICO trading platforms, investors receive unique cryptocurrency “tokens” in exchange for their monetary investment in the business.
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