Cryptodetay is an independent platform for 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/finished ICOs, and a tool to track statistics of currently traded tokens. Dozens of new ICO projects are announced to the public every day, and our mission is to minimize investment risks by providing investors with independent and transparent information about each ICO.

The Cryptodetay team works to improve the quality of their products. We are constantly working and we plan to create even more useful tools for analyzing ICO projects. If you have any questions or comments about our site, you can submit them on our Contact page.

 

Q&A

What is an ICO?

The abbreviation ICO stands for "Initial Coin Offering". During the ICO, the project team sells digital tokens to investors in exchange for cryptocurrencies or fiat money. These coins can then be used as internal currency on the project platform or traded on exchanges. In fact, an ICO is another application of the crowdfunding model, in which participants finance the development of a company in anticipation of future benefits.

Why undertake an ICO?

The project is needed to start or develop its business by issuing its own tokens and exchanging them for popular cryptocurrencies (for example, Bitcoin or Ethereum) or fiat currencies (dollars or euros). can raise funds. Usually, ICOs are full-fledged; It is carried out at the beginning of the projects' life before installing their infrastructure. The funds raised can help the company's development, marketing, team expansion, etc. used to finance. Young; For projects, ICO is an excellent tool to increase investments quickly and effectively.

What attracts investors to ICOs?

Investors want to make a profit by buying ICO tokens for a project, selling them at a higher price in the future, or using the tokens for their intended purpose, i.e. the services offered by the project, in a more efficient way. They hope to get it at a low price.

What are the risks of participating in an ICO?

Perhaps the biggest risk is that the creators of the project alone a purpose what he's after is ordinary scams: collecting users' money and then disappearing. You can never ignore the possibility that the project will not survive the product launch phase or be implemented as the investors expected. All of this can be seen as a potential risk for short-term or long-term investments.

What is Airdrop?

Airdrop is the distribution of a cryptocurrency token or coin to a large number of digital wallets, usually for free. Airdrops are implemented primarily as a way to attract attention and gain new followers, resulting in a larger user base and wider use of money.