City Of Hype • Online News On Finance, Technology & Cryptocurrency


Posted March 7, 2018 by yoast100

City Of Hype is an online publication covering anticipated trends and news in tech, entertainment, lifestyle, finance and cryptocurrency.

 
A History Of ICO’s
City Of Hype is an online publication covering anticipated trends and news in tech, entertainment, lifestyle, finance and cryptocurrency.
The very first cryptocurrency launched by an Initial Coin Offering was Ripple, a now well know coin. Back in 2013, Ripple Labs initiated the development of the Ripple payment system and made 100 billion XRP tokens. Ripple Labs then sold the token in order to fund further development of the Ripple token and payment playform.
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In the same year, a different company, Mastercoin, said they would further the Bitcoin platform to allow smart contracts and tokenise Bitcoin transactions. The person who make Mastercoin then sold it against bitcoin and earned somewhere in the region of $1 million USD.
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Other crypto coins have been introduced to the market with the help of an ICO, such as Lisk. The coins sold for $5 million USD in 2016, this was mainly profit. Arguably the most well known ICO coin is Etherum. In 2014, Etherum Foundation sold their coin (ETH) for 0.0005 Bitcoin each. This amounted to a whopping $20 million USD. For Etherum, this is monumental because ETH is now one of the largest crowdfunded cryptocurrencies to date. The capital is being used in the further development of Etherum.
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Big Profit and Big Losses
For investors, ICO’s can mean massive amounts of profit in a few days. Etherum for example, entered the market at 0.0005BTC and now sits at 0.05BTC. This is a 10,000% profit.
REP (Augur token) is another example of a successful Initial Coin Offering. When it first sold for 0.005BTC and now goes for 0.01BTC. This is a 100-500% profit increase.
Unfortunately, it doesn’t all end well with ICOs – with many investors losing their money. Currencies like Lisk, Omni and IOTA did not retain their value in Bitcoin. Some coins are based on image and promise unimaginable profits and a “get rich quick” scheme for investors. As you can already imagine, the coins do not actually make people millionaires.
As long as the ICO markets are unregulated, there will be big profits and equally as large losses!
How Can You Make Money From ICOs?
To make money on ICO‘s you first have to know what makes a successful cryptocurrency. In the past there have been some notable Initial Coin Offerings which are the perfect example of a ‘successful ICO’.

MastercoinMastercoin debuted plans in 2013 to build a layer on top of Bitcoin and increased profits by 10,000%. After the success of Mastercoin, the company came out with Counterparty and Omni platforms.

Etherum
Etherum is the most successful Initial Coin Offering and it had a whopping presale of 60mio ETH. Etherum group raised a huge 31,500 Bitcoin. This is widely recognised as the largest crowdfunding of all time. It also started the Etherum coin which is vastly successful too.

Lisk
Lisk is a JavaScript based blockchain, allowing smart contracts on sidechains. List sold their coins for Bitcoins and got around $5mio.
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Last Updated March 7, 2018