ICOmarks is an independent platform for the analysis and research of ICO (Initial Coin Offering). We have our own rating system that we use to compile a list of the most promising projects, a calendar of upcoming/ending ICOs, and a tool for tracking token stats that are already being traded.
Every day dozens of new ICO projects are made public, and our mission is to provide investors with independent and transparent information about each ICO so that they can minimize their investment risks.
The ICOmarks team is constantly working to improve the quality of its products, and we plan to create even more useful tools to analyze ICO projects. If you have any questions or comments about our site, then you can submit them through our Contact page.
The abbreviation ICO stands for "Initial Coin Offering." During the ICO, the project team sells digital tokens in exchange for cryptocurrencies or fiat money to investors. Later, these coins can be used on the project platform as an internal currency, or they can be traded on exchanges. In fact, the ICO is another implementation of the crowdfunding model, in which participants finance the development of a company under the expectation of receiving a benefit from it in the future.
By issuing their own tokens and exchanging them for popular cryptocurrencies (for example, Bitcoin or Ethereum) or for fiat currencies (dollars or euros), the project is able to raise the funds it needs to launch or develop its business. Usually, ICOs are conducted early in the life of projects before they establish their full-fledged infrastructure. The funds that are raised are used to finance the company's development, marketing, expansion of its team, etc. For young projects, the ICO is an excellent tool for quickly and effectively raising investments.
By purchasing the ICO tokens for a project, investors primarily expect to make a profit by selling them at a higher price in the future or to use the tokens for their intended purpose, namely to receive the services offered by the project at a lower price.
Perhaps the biggest risk is ordinary fraud, whereby the creators of the project pursue only one goal: to collect the money of users and then disappear. You can never exclude the possibility that the project will not be able to survive at the stage of product launching or will not be launched the way investors expects. This can all be seen as a potential risk in terms of short-term or long-term investments.