Virtual currency collapses into ICO?

Virtual currency collapses into ICO?

As the market freezes rapidly in a virtual currency collapse, investors are turning their eyes to the virtual currency ICO.

In an online community of virtual money investors, some investors insisted, "We can not expect a rebound for the time being," he said. "We must invest in a new prey - a virtual monetary ICO."

As with IPOs in stocks, virtual money ICOs are the act of disclosing coins to the public and recruiting investment funds.

The difference with the IPO is that the exchange is not 100% guaranteed.

In early 2013, Etherium, which carried out the ICO, had an initial public offering price of 300 won per coin, but its current price was 1,250,000 won, up about 4160 times.

Participating in the ICO allows you to buy a virtual currency at a low price before it is listed. If you participate in a free sale, you can get an additional 10-30% virtual currency as a bonus.

In fact, 45,000 applications arrived just two minutes after the first day of ICO, a coin related to a medical public account book.

The ICO, which was organized to recruit a total of 24 million dollars, was so successful that the homepage was paralyzed.

"The ICO has been successfully closed," said the company, which has conducted the ICO. "We sent 1,773 out of 45,000 certified e-wallet addresses."

But some people are skeptical about ICO investment.

Many investors are participating in the ICO in hopes of a dream of a "big hit" without realistic information.

Kim Jin-hwa, director of the Korea Block Chain Association, said, "The possibility of ICO's success is quite low." Participating in ICOs with promising technological capabilities is an investment for the future, but it is difficult to invest "He said.

"It is good to decide whether to invest in the ICO after examining the token algorithm, issuance plan, etc. before investing in it," he added.