What Is an ICO?

By November 11, 2021 No Comments

An ICO-Initial Coin Offering-is a newly used way to raise capital for all kinds of projects by selling freshly minted crypto tokens to early investors at an initial cost. In other words, ICO is a new means of crowdfunding for early-stage projects, especially tech startups, that can get funds they need without giving up equity. In addition, they can build a strong community of users who want the project meets with success, thereby leading to an increase in value of presale tokens. 

ICO process is fundamentally similar to IPO (initial price Offering) on the stock market. Both of them are used for raising money and promoting projects. the process of crowdfunding is a kind of financial injection coming from outside in both cases. However, while participating in an ICO, you buy digital coins instead of stocks. An ICO has a great potential to be an alternative to IPO because of the advantages it offers. Some of these benefits will be briefly explained below.

Main benefits of ICOs

Anyone can buy tokens                                                                           

If investors want to take part in an IPO, they are usually limited and only accredited investors can buy stock with high values. however, tokens that are offered in an initial coin offering can be sold to anyone because most purchases are anonymous. 

Instant Buy-In

intermediaries are removed and cryptocurrency buyers and sellers can directly contact each other. Investors are able to immediately access crypto market and buy tokens on the spur of the moment.

 Tokens Can Be Sold Globally

One of the best opportunities of ICO is that it removes the cross-border capital raising restrictions and limitations. Tokens can be sold to different investors from different countries. 

Steps to participate in an ICO

  • In the first step, you need to always participate from ICO website
  • Then, if you don’t have cryptocurrencies (ETH or BTC), you had better Register with a Cryptocurrency exchange
  • Afterwards, you need to transfer your Coins from the Exchange to a Blockchain Wallet you Control
  • Next, Set up your wallet
  • Then, Buy tokens from wallet
  • Finally, Secure your Tokens

How to identify the right ICO

Investors need to do due diligence before expending their money on a new project. So, reading news on social medias is not good enough. If you want to make sure the project is the best choice, here are some tips to pay attention to.

  • Know the team behind them. Check their expertise and prior experience
  • find disruptive concepts. identify the uniqueness offered by the project
  • learn about the target market. For example, read the business plan if possible
  • Evaluate the technology
  • Carefully read the whitepaper, pitch deck 
  • Visit the project’s website and check any information available there

BLOCKCHAIN, SMART CONTRACTS & CRYPTOCURRENCY – BAM.Legal/ International  LawFirm in Tehran, Iran/Bita Akhavan Modarres/Bilingual lawyer & Counsel

BERTINITY is one of the promising ICOs

BERTINITY is a disruptive innovation, a fully anonymous and No KYC financial blockchain ecosystem. 

Bertinity could create a game changing shift in the global financial market, turning cryptocurrencies from assets to payment tools. it is a Fast-growing financial ecosystem due to the absence of cumbersome legal restrictions. Further, no-border financial, payment and investment services make this ICO unique. A full stack service cycle is provided in this ecosystem.

BERTINITY ecosystem includes:

  • Cryptocurrency Payment Gateway (CPG) 
  • Centralized cryptocurrency Exchange (CX) 
  • ICO Launchpad 
  • Decentralized Cryptocurrency Exchange (DEX)
  • Decentralized Worldwide Stock Market (DWSM)
  • Public Blockchain Network (Main Net) 
  • Native tokens/coins
  • Wallet (Crypto Wallet)

And other Utilities:

  • Crypto Forex Services
  • DeFi Lending (No KYC Lending)
  • Tokenizing assets
  • NFTs
  • Escrow Service for P2P trades Smart Contract

In BERTINITY ecosystem, you can use our crypto payment gateway on your website to provide an alternative payment method for your customers. with our centralized exchange, you can trade easily and anonymously in a safe way while with our decentralized exchange you can even launch your exchange and trade in a fully decentralized and peer-to-peer way. Decentralized Worldwide Stock Market is another platform that is provided by us to facilitate fundraising events to our customers, which makes the fundraising and investment process inclusive and accessible based on decentralized listing & delisting by blockchain consensus. 

In short, Bertinity is moving toward balance and equity with access to modern global financial services by decentralizing and eliminating cumbersome, slowing, and restrictive governments, banks, and stock exchanges rules.