Investing, ICOs & Tokens

What Is an ICO?

ICO stands for "Initial Coin Offering," and is also known as a “token sale” or "crowdsale." It is an unregulated fundraising method for startups. Startup companies use these funds to further develop and complete their blockchain-based software projects. An ICO is similar to an IPO ("Initial Public Offering"), in which investors purchase shares of a company. In an Initial Coin Offering, users who support a project by sending crypto are given tokens in return from the startup. When you give these…

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Best Ways to Avoid Missing Out on That ICO

Create a new wallet and back it up in triplicate in physically different locations. (Your house could catch fire and you don't want to be without your backups). Throw whatever ETH you want to invest into the next ICO in that account. Send a test transaction or two from the offline tab to your original account to familiarize yourself. 24 hours before the ICO Go to the offline page: https://legacy.mycrypto.com/#offline-transaction Generate the info from your address. Your address is the address…

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Do I Need Multiple Addresses for Every Token Sale?

You do not need multiple wallets for every token sale. You can receive multiple ERC-20 tokens in a single address. If you wish to use multiple address, please note that you will need a small amount of ETH in order to transfer the tokens out. If you are not able to see the token after the token sale has completed, you might have to add it as a custom token .

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Investing Responsibly (by Brian Armstrong / Coinbase)

We at Coinbase couldn’t be more excited by the explosion of interest in digital currencies. The last few weeks has seen an unprecedented increase in the price of digital currencies. More people are engaging with our platform than ever and that bodes well for the future of the digital currency. At the same time, it does create extreme volatility and stress on our systems. We take this very seriously and wanted to share some important thoughts. We’re continuing to invest heavily to scale our…

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Getting Through the Shit Times

Sometimes, crypto really, really, really sucks Believe it or not, most of us have been there. Whether you lose your private key, get phish'd or hacked, make a bad trade , or send to the wrong address, crypto-land is complicated and it's still far too easy to fuck up. Complicated things combined with high-value assets are a deadly combination. Sometimes you lose, and lose hard. Sometimes it's your fault, and sometimes it's not. We've been there. Maybe not in the exact same position. Maybe not as…

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