ICO is an initial coin offering. It is equivalent to an IPO (initial public offering) that represents the cryptocurrency industry. It is a way to raise funds. When a company wants to raise funds to create a new app, services launch an ICO. In this article, I will talk about new ICO True PNL Token.
The ICO True PNL Tokens are security tokens that can be tradable. You can convert your True PNL token into cash or assets.
Interested investors can buy ICO and receive a new cryptocurrency token, which is issued by a company. This token has some utility such as you can buy the products or services the company is offering, or it may represent a stake or share in the company or project.
Key Features of ICO
- Initial Coin Offering (ICO) is a popular fundraising method used primarily by startups wishing to offer products and services, usually related to the cryptocurrency and blockchain industry.
- It is similar to stocks, but sometimes they have utility for a software service or product offered.
- Some ICOs have yielded massive returns for investors. Numerous others have turned out to be fraud or have failed or performed poorly.
- You will usually need to purchase a digital currency first and have a basic understanding of how to use cryptocurrency wallets and exchanges to participate in an ICO
- The most part of ICOs are completely unregulated, so investors must exercise a high degree of caution and diligence when researching and investing in ICOs.
What is True PNL?
True PNL is a public rating platform by asset-management API with a focus on copy trading and transparency traders’ statistics. Their service is created for cooperation between investors and traders in the crypto space. Their services solve the trust between investors and traders in the ICO.
How True PNL Works?
A proper understanding of the ICO market requires in-depth technical and fundamental analysis, something which may sound intimidating but doesn’t need to be when you’re working with the help of crypto trading bots.
True PNL creates advanced trading bots which follow technical-analysis trading logic, test their past performance, tune parameters regarding the current market conditions, and fully control its execution.
The ICO Launch and Utility
When you decide that your product is a good use case for a blockchain and want to issue your own cryptocurrency, it is time to determine the type of your token. The thing is that if your token is considered to be security like IPO, the token is subject to legal regulations in many countries. Therefore, ICO issuance may require significant resources allocated to paperwork and lawyers.
Utility tokens play the role of a coupon and give access to the company’s product or service. A good example to demonstrate how utility tokens work is a Metro token.
When you buy a Metro token it doesn’t mean that you own shares of Metro.
You can’t earn money buying a bunch of Metro tokens and then selling them to somebody else in a few months. It is hardly possible.
By buying Metro tokens:
- You are supporting Metro.
- The Metro owner will be able to invest your money into their infrastructure and make the Metro better.
- Obviously you use Metro.
In case you want to issue utility tokens you need to understand that this way you “borrow” some money from the crypto community in order to build something they would want to use. This is a pretty common case for Kickstarter startups, but if you have a blockchain integrated and your own cryptocurrency – utility token ICO seems to be a great idea.
The main feature of security tokens is that they are considered tradable assets and can be transformed into capital and/or cash. If your tokens are securities, the offer and sale of these virtual tokens in an ICO are subject to securities laws.
True PNL Token
You can trade True PNL Token as it offers security tokens.
True PNL makes trading transparent, approachable, and understandable for both newcomers and experts by providing them with professional analytical tools and market-proven strategies.
Millions of people want to earn by investing or trading on cryptomarket but they don’t have enough time or experience to get sustainable profit from trading or investing their money. True PNL provides investors with DeFi and crypto investment products within a simple, safe and convenient ecosystem.
Advanced trading strategies with historically proven returns, safe and blazing-fast copy trading deals by API, decentralized investment sets with the most promising projects, and portfolio analytics made great again — these are the features being carefully designed by the True PNL team.
This article will be helpful for those who are new to ICO or crypto traders or investors.