Tag: Blockchain

What is crypto currency & ICO?

A lot of will be talking about “Did you buy this crypto currency?” or ” Were you part of the first dibs with that ICO?” and you may be wondering to yourself “what is exactly being said here?”. Fear not, with this short blog you’ll soon be updated on both crypto currency & ICO.

Crypto currency

Crypto currency in lehman terms is a form of digital currency which works as a medium of exchange that uses cryptography to secure its transactions. A limited amount is created, this changes depending on the crypto currency but most tend to have a set amount which has been created. It operates using decentralised control as opposed to centralised electric money and central banking systems.

For those who are after a more in-depth analysis, this can be found here http://bit.ly/1hIi2CF.

ICO

You may be familiar with Bitcoin, the first and most popular crypto currency on the market which was launched in 2009. There is currently 49 active crypto currencies in the market that are active and more are being introduced each month.

When a new crypto currency is introduced to the market it is known as a Initial Crypto Offering, acronym for ICO. This is when a crypto currency start up is raising funds for its venture.

Part of an ICO a marketing campaign is done in order to raise awareness and help build traction. Dream Random offers ICO marketing, for more information check out our service page here or get in contact with joy@dreamrandom.com

An in-depth analysis can be found here http://bit.ly/2GukBWK regarding ICO.

This should now equip you with the knowledge to hold your own when some one asks you “Do you know what crypto currency is?” or “Do you know what an ICO?”