The objective today is to learn how to participate in an ICO. If you don’t know what an ICO is, I invite you to read the article “What is an ICO“. Here is a short definition anyway.
ICOs (Initial Coin Offering) are a collective financing method used in the cryptocurrency universe that allows companies to collect funds in the form of cryptocurrencies such as Ethereum from investors in exchange for tokens specific to the company’s project. Very well known since the record number of funds raised in 2017 and especially since the media denounced the increase in scams.
This article therefore aims to raise awareness as a reader and future investor through the tools we will provide you with, on the scams you will have to face to resist in this merciless world misted by money-hungry scammers. Make yourself comfortable, because your learning to detect the best opportunities in the ICO market starts now.
What does the law says on this subject?
Concerning our country, the French can participate in the ICOs. Also, all Europeans have the same right provided that they can prove their identity by means of documents used in the fight against fraud such as KYC/AML (Know Your Customer and Anti Money Laundering)
As France can be an attractive country for ICOs, the government wishes to invest in the blockchain and regulate fundraising, even if the financial markets authority admits that there is currently no way to regulate ICOs.
As for the rest of the world, ICOs face many obstacles such as bans in some countries such as the United States, China, South Korea, Australia and Canada, which only accepts a few ICOs.
How to participate in an ICO?
1) Create an ETH portfolio
The first step is to create an ERC20 portfolio if you do not have one.
2) Choose the project for which you want to invest
This is the most important step to avoid scams. You can choose the project from our section specifically dedicated to ICOs.
You can also find the most serious ICOs on the following sites:
3) Access the ICO website
Once you have made your choice, all you have to do is going on the website of the project for which you wish to invest. You can access it directly from the ICO sites as it is the case on the ICO bench by clicking on “MORE ON ICO”.
If language is a problem for you, I recommend accessing the site from CHROME which allows you to translate the page (via the right click).
As is the case for this ICO, you are usually asked for some information such as your name, first names, email address, ID, public address ERC20 and the amount you want to invest.
Once you have registered on the site, you can now buy tokens using your credit card to pay directly in fiat money or use the cryptocurrency you have in your ERC20 portfolio.
You can of course buy them on Binance, Kraken or Changelly
In this example, we decide to pay in Ethereum. It is possible to send ETHs from several platforms such as Binance, Kraken or Myetherwallet exchanges. Here we will pay with it.
You can either scan the Qr Code or copy the ERC20 address of saTT and paste it on the Myetherwallet.com website
Once you have validated your transaction, your tokens will be sent to your ICO portfolio. You can of course retrieve the tokens at the end of the ICO and transfer them to your ERC20 portfolio or to the exchange platforms that have listed the token.
Congratulations ! You have just participated in your first ICO and will soon be able to resell your newly acquired tokens with a good added value. Feel free to share this article with your friends if it has helped you and leave us a comment to tell us about your experiences. In the meantime, I’ll see you in the next article.