Your chance to become a millionaire or even billionaire on Bitcoin may be long gone, and even other coins like Ethereum are long past. But you still have a chance to get in on many initial coin offerings (ICOs) which have the potential to be worth millions.Image Credit: Bitboy
What are ICOs? An ICO is an initial coin offering — an offering of a coin by some new business or project. You have the chance to buy into the coin at the offering — just like an IPO — and potentially make money.
The way it works is that companies create a token and write an ICO whitepaper. The ICO whitepaper explains what the ICO is and how it works. It also lays out the costs associated with buying into the ICO. For example, a company may set its ICO price at .01 Bitcoin for 1 token. You can then by into the ICO at that price, and if the ICO appreciates (like Bitcoin and Ethereum), then you profit.
So what are the ICOs that are hot at this time, and could potentially be the new Bitcoin?
BunnyToken – BunnyToken is like a Bitcoin for adult entertainers. Given how difficult it is for adult entertainers to get payments through standard channels, and given the fact that people want anonymity when they buy adult materials, BunnyToken could be a game changer in the industry.
Deedcoin – Deedcoin allows people to purchase property with low commissions and without the complexity of the standard real estate companies. Deedcoin offers low commissions and cashback on purchases.
There are many more. ICOs can be extremely risky, and nobody should be putting a lot of money in them…but people have made lots of money on them in the past, and they’re worth a second look.