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Lately, however, one term has been gaining more and more mainstream attention. That term is
“ICO” or Initial Coin Offerings and has raised OVER $1.3 Billion
for blockchain based start-ups. It has been called everything from
“revolutionary” to “a Ponzi scheme. But it is also a great place for profits.
Let’s take the example of what happened in the, now infamous, BAT ICO. The ICO got over
in just 24 seconds and they were able to raise 35 million USD! In
the case of the BAT ICO, whales paid as much as $2220 in transaction
fees to make sure that they take the first bite of the pie. Afterward,
they mostly sell these tokens at a premium to turn in a huge profit.