What happens if an ICO is unsuccessful?

These coins are referred to the buyers as tokens and are similar to shares of a company sold to investors during an IPO. If the money raised does not meet the minimum funds required by the firm, the money may be returned to the backers; at this point, the ICO would be deemed unsuccessful.

How do I buy into an ICO?

The steps may be different, however, depending upon the type of ICO. 1) Sign up for Coinbase or another digital currency exchange. There are hundreds of different exchanges and wallets, so you have a multitude of options here. 2) Stock up on the currency you'll need in order to buy into the ICO.

How to raise money through ICO?

When a cryptocurrency startup wants to raise money through ICO, it usually creates a whitepaper that outlines what the project is about, the need the project will fulfill upon completion, how much money is needed, how many of the virtual tokens the founders will keep, what type of money will be accepted, and how long the ICO campaign will run for.

How to protect yourself from Ico scams?

Make sure that ICO funds are being stored in an escrow wallet. This is a wallet that requires multiple keys in order to be accessed. This is useful protection against scams, particularly when a neutral third party is a holder of one of the keys. ICO activity began to decrease dramatically in 2019 because of the legal gray area they inhabit.