2/20/2024 0 Comments Seed database using postico![]() ![]() If an ICO is genuine, most of the information below should be available at the ICO project site ġ. Examples of wallets include Blockchain Wallet, Binance Wallet etc. That is straight from wallets where the coins are held. Yet, it is also possible to trade coins through willing buyers and sellers off the exchange. The top five (5) exchanges by volume traded as listed on CoinMarketCap in order are Binance, OKEx, Bitfinex, Huobi, and Bithumb. To buy into or sell a coin, one would have to do so through one of the exchanges listed on the platform.Īlso read: Here are 8 notable ICOs by blockchain startups operating in Africa The platform also lists the exchanges where coins are trading.Īs of, there were 2003 coins listed at Coin Market Cap. If it does not exist on Coin Market Cap, it probably is not a legitimate coin. This lists almost all the coins trading post-ICO in a secondary market. This is knowledge gained from reading up on the subject, and discussions with others more knowledgeable on the subject.Ī good resource for viewing all coins trading in the secondary market is CoinMarketCap. I share below some of the things to look out for before diving into owning a cryptocurrency or participating in an ICO. But, before one participates in an ICO, it is important to understand the why, what and wherefores of. Subsequently, the coin or stock trades in the secondary market. You can parallel an ICO to an Initial Public Offering (IPO) for trading a stock for the first time. ![]() Before listing in the secondary market, a cryptocurrency/coin comes into form through an Initial Coin Offering (ICO). ICOs are the process by which cryptocurrencies are created, launched on the market before they trade in a secondary market. As a buyer, beware for those seeking to take part in this exciting but very speculative and risky area. I thought it pertinent to share some general information about Cryptocurrencies and ICOs. So I am clear, this does not constitute investment advice. In spite of this, many cryptocurrencies are traded in the secondary market with ICOs as an investment opportunity. After a warning from Uganda’s central bank about OneCoin, there continue to be stories about other coins claimed to be Ponzi schemes.
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