I'm Curious what's the main essence of ICO

[Findingnemo]

Which was popular until 2018 and after that almost 99.9% ICOs are meant for scam.

It was popular later on as well, its just that it kept changing names.

After ICO we got STO (when security tokens got more popular) and after that we got IDO (Initial Dex Offerings) which was popular until recently, but with alts still underperforming they are nowhere as popular as they used to be few years ago, back in 2021.

Also it came in the name of IEO (Initial Exchange Offering) which was pretty big after ICO era but I don't think any of them were popular or consider even in 2024.

Also myself never fan of these presale tokens because those are only created with the intention of dumping even by the devs once it reaches the marketplace so it's a big gamble always to invest.

[Rikafip]

Also it came in the name of IEO (Initial Exchange Offering) which was pretty big after ICO era but I don't think any of them were popular or consider even in 2024.

Ah yes you are right, I completely forgot about IEOs. I think I even joined few of those on Binance as at one point I had some BNB so why not joining. 

Also myself never fan of these presale tokens because those are only created with the intention of dumping even by the devs once it reaches the marketplace so it's a big gamble always to invest.

I know some people that made nice amount of money by investing in private sales, meaning getting tokens at the huge discount and then immediuately dumping on the suckers who buy them when listed.

[ZAINmalik75]

We know there are other blockchain used aside the Solana blockchain, that's the overall scam rate will be higher than this monthly.
Questions
What are the need for ICO?
Also, why are there tendency for the price to be lower than the presale?

ICO are good for real tokens but ICOs of meme coins are not needed and that's the only reason for me to avoid meme coins because there is no guarantee of the team and a meme coin have no use case. Investors have been following a way to buy meme coins and other coins in cheap via these ICOs.

That's why they join ICOs but if 12 of them have rugpulled then investors should now think about it before investing again. ICOs offer higher prices than the private sales those who have missed the private sales can buy the tokens in ICOs.

[vegasus]

That's why they join ICOs but if 12 of them have rugpulled then investors should now think about it before investing again. ICOs offer higher prices than the private sales those who have missed the private sales can buy the tokens in ICOs.

Well, besides the ICO period is over, so let it be now with the current process and hype. And now, meme coins have their own follow-up, with mini games like this, with their respective TGEs, and their listing process, from there people can take advantage of their potential to make profits. although this is indeed higher risk because of FOMO and also the process of increasing and dropping prices which are very drastic and fast. But let meme coins be with what is happening now, because the era continues to change and maybe in the future it will change again.

[Z-tight]

ICO was very popular in the past, it is a fundraising scheme for projects to raise capital, some people were lucky to make money from ICO's, later turned IEO, IDO, etc, but most were scammed and lost a lot of money. These new tokens are just too risky for me to buy them, so i have never had interest in stuffs like this.

[ZAINmalik75]

Well, besides the ICO period is over, so let it be now with the current process and hype. And now, meme coins have their own follow-up, with mini games like this, with their respective TGEs, and their listing process, from there people can take advantage of their potential to make profits. although this is indeed higher risk because of FOMO and also the process of increasing and dropping prices which are very drastic and fast. But let meme coins be with what is happening now, because the era continues to change and maybe in the future it will change again.

Meme coins era is not going to exist for long time everything will come to an end if we observe the history meme coin era is permanent to come but not permanent to stay forever. Sometimes it comes after the BTC bullish season or sometimes before it this time it comes in the BTC season few months ago the hype of meme coins was crazy.

The hype is still increasing and investors of meme coins are unnaturally making millions in profit at the same time others are losing too. Anyway we should not trade in meme coin in FOMO that's dangerous for the capital.

[vegasus]

Well, besides the ICO period is over, so let it be now with the current process and hype. And now, meme coins have their own follow-up, with mini games like this, with their respective TGEs, and their listing process, from there people can take advantage of their potential to make profits. although this is indeed higher risk because of FOMO and also the process of increasing and dropping prices which are very drastic and fast. But let meme coins be with what is happening now, because the era continues to change and maybe in the future it will change again.

Meme coins era is not going to exist for long time everything will come to an end if we observe the history meme coin era is permanent to come but not permanent to stay forever. Sometimes it comes after the BTC bullish season or sometimes before it this time it comes in the BTC season few months ago the hype of meme coins was crazy.

The hype is still increasing and investors of meme coins are unnaturally making millions in profit at the same time others are losing too. Anyway we should not trade in meme coin in FOMO that's dangerous for the capital.

There will definitely be an era and one day it will pass and be replaced by another. It's just that I don't know when, maybe the next phase or after that, waiting for something new and more hype. The point is for now, meme coins are still very hype so we take advantage of this opportunity to get more money from here. Although it is actually not easy and very risky, but as long as we want to learn it and understand the cycle, we have the opportunity to get profits from these meme coins.

[kai]

This question do prick me, recently I do wonder the main essence of ICO because there are often times where this is just used for scamming, based on this report:

At Least 12 Solana Meme Coin Abandoned in Just One Month
On Monday, April 21, ZachXBT, a well-known blockchain investigator, uncovered that at least 12 meme coin projects on Solana were abandoned over the past month. These projects cumulatively raised about $26.7 million from investors before developers took off with the money.

In the news, it is clearly written that the ICO on the Solana coin is a Meme coin. As far as I know, the Meme coin was created just for fun and has no concrete purpose. What makes the price of the Meme coin go up and down is the community that they think is just for fun, and not for seriousness.

We know there are other blockchain used aside the Solana blockchain, that's the overall scam rate will be higher than this monthly.
Questions
What are the need for ICO?
Also, why are there tendency for the price to be lower than the presale?

As far as I know, ICO is Initial Coin Offering, those who have expertise in coin-making technology and blockchain experts offer their projects to the public but they do not have the funds to develop the coin project, so an ICO was created for fundraising.
As far as I know, the Ethereum coin that is ranked 2nd on Coinmarketcap now was previously an ICO coin because the core team of Ethereum at that time (maybe) did not have enough funds to develop Ethereum.

Ethereum was also originally funded through an ICO, which took place in 2014. Buyers received ether (ETH) in exchange for bitcoin, and more than 7 million ether was sold in the first 12 hours of the sale, worth approximately $2.2 million

Please check this for refference --> https://www.gemini.com/cryptopedia/initial-coin-offering-explained-ethereum-ico

[TomPluz]

What are the need for ICO? Also, why are there tendency for the price to be lower than the presale?

As for me, the main reason why ICO is made is to gather as much money and support as possible for the project and in return you will get the coins or tokens of the project. Yes, MONEY and MONEY and this is also the reason why ICO had become like the go-to paradise for many scammers in the past...and unfortunately even until today but I think they are not anymore using the ICO term like before as it is already a tainted one. As to why the price of the coins or tokens will be so lower once they can be brought into exchanges compared to the presale level, it can because the project is really NOTHING meaning there is actually no value it is bringing, among other factors, of course.

[Amphenomenon]

There will definitely be an era and one day it will pass and be replaced by another. It's just that I don't know when, maybe the next phase or after that, waiting for something new and more hype. The point is for now, meme coins are still very hype so we take advantage of this opportunity to get more money from here. Although it is actually not easy and very risky, but as long as we want to learn it and understand the cycle, we have the opportunity to get profits from these meme coins.

This is the thing we are majorly concerned with the money we make and same as the dev team, only few is concerned with real world problems and the advancement of cryptography. Creating one of these meme coins are pretty much easy, just get good marketing to follow the hype, your coin is trending already.

Like you said more hype will show forth, just like how the Ordinals where trending last year but now Telegram airdrop. More hype will show forth, which might just be a rebranding after all this was not the first year we were in the Telegram airdrop frenzy, remember 2020 in telegram where we did some click bot task to earn coins like TRX, LTC and others. There will always be innovation to earn money from these dev.

[vegasus]

There will definitely be an era and one day it will pass and be replaced by another. It's just that I don't know when, maybe the next phase or after that, waiting for something new and more hype. The point is for now, meme coins are still very hype so we take advantage of this opportunity to get more money from here. Although it is actually not easy and very risky, but as long as we want to learn it and understand the cycle, we have the opportunity to get profits from these meme coins.

This is the thing we are majorly concerned with the money we make and same as the dev team, only few is concerned with real world problems and the advancement of cryptography. Creating one of these meme coins are pretty much easy, just get good marketing to follow the hype, your coin is trending already.

Like you said more hype will show forth, just like how the Ordinals where trending last year but now Telegram airdrop. More hype will show forth, which might just be a rebranding after all this was not the first year we were in the Telegram airdrop frenzy, remember 2020 in telegram where we did some click bot task to earn coins like TRX, LTC and others. There will always be innovation to earn money from these dev.

Yes, and this is one of the fields for people who are able to take advantage of all eras to earn income from there. Developers will definitely create new projects according to the hype, even without caring about the future of the projects they create, although there are indeed some devs who remain trusted to develop projects continuously.

and other parties take advantage by taking advantage of pump and dump opportunities, as long as the project is hype, whatever it is, the goal is certainly to reap high profits. and other parties can also benefit from several programs and other activities related to the era.

however, there will definitely be some who cannot follow and end up losing a lot of money in every era that happens. yes because of unpreparedness in that era, unpreparedness in terms of knowledge, psychology, emotions, and also the maturity of the plan. and greed that often causes ignorance to be more vigilant.

[ZAINmalik75]

There will definitely be an era and one day it will pass and be replaced by another. It's just that I don't know when, maybe the next phase or after that, waiting for something new and more hype. The point is for now, meme coins are still very hype so we take advantage of this opportunity to get more money from here. Although it is actually not easy and very risky, but as long as we want to learn it and understand the cycle, we have the opportunity to get profits from these meme coins.

Meme coins are risky and they are highly volatile making money from them is very hard for a newbie they can only make money from them by taking other's calls. By following others they can learn too but this learning is also very risky and not a good way instead a mentor or a teacher can teach a newbie about meme coin the best.

For example DOGE meme coin which stands for Department of Government Efficient which will be given to Elon Musk and this meme coin pumped when listed. This kind of analysis is good and manipulation can't cause loss to a newbie too if they take the profit and exit the trade soon.

[Crypto Library]

What are the need for ICO?

ICO full form Initial Coin Offering now that does mean you are offering to the people the coin you have launched for selling for example you are running a company and there you want to sell some share of your company so that you are showing you company share in the public with the detail and the possibility of your company same for the crypto newly lauched project. So that it is the important think to need

Also, why are there a tendency for the price to be lower than the presale?

When a coin in presale it was not in the public trading platform so it was not in the real market and when it comes to the real market all goes down except the real projects.

[_act_]

This question do prick me, recently I do wonder the main essence of ICO because there are often times where this is just used for scamming, based on this report:

At Least 12 Solana Meme Coin Abandoned in Just One Month
On Monday, April 21, ZachXBT, a well-known blockchain investigator, uncovered that at least 12 meme coin projects on Solana were abandoned over the past month. These projects cumulatively raised about $26.7 million from investors before developers took off with the money.

We know there are other blockchain used aside the Solana blockchain, that's the overall scam rate will be higher than this monthly.
Questions
What are the need for ICO?
Also, why are there tendency for the price to be lower than the presale?

Its abbreviation made it all, well defined, initial coin offering, this is just an avenue for some potential investors to have an earlier opportunity of making investment on a particular coin before it rises or get launched, there is no scam intention for doing this, however, before we can go for anyone of such, we have to make research on the developers, if they can be trusted to deliver and maintain their words or not, right before we proceeds to making an investment.

[Faisal2202]

This question do prick me, recently I do wonder the main essence of ICO because there are often times where this is just used for scamming, based on this report:

At Least 12 Solana Meme Coin Abandoned in Just One Month
On Monday, April 21, ZachXBT, a well-known blockchain investigator, uncovered that at least 12 meme coin projects on Solana were abandoned over the past month. These projects cumulatively raised about $26.7 million from investors before developers took off with the money.

We know there are other blockchain used aside the Solana blockchain, that's the overall scam rate will be higher than this monthly.
Questions
What are the need for ICO?
Also, why are there tendency for the price to be lower than the presale?

ICO stands for Initial coin offerings means it's just a way to release some of the tokens into the market for the investors and this is a good way too to increase the liquidity like many tokens had their ICO on pinksale and as far as I know ETH also had it's ICO and according to Google that time it secured almost $18 millions in funding.

ICO are not bad, there are many people think most of the projects which chose ICO as their token release or in their tokenomics those projects are flop, yeah that's true to some extent but ICO are just underrated now due to IEO and some other ways but all just a way to release tokens into market and getting liqudity.