Detailed information about ICO, Private Sale, Bounty, and Airdrop

Anyone who uses the internet but has never heard of Bitcoin's name will rarely be found. And this bitcoin is called cryptocurrency. However, cryptocurrency is not restricted to Bitcoin. There are thousands of currencies in the market, many of which have never heard the name. Which is why they may not know that they have any cryptocurrency other than Bitcoin. Nearly every day new coins are added to the market. Almost all of these coins come into the market through a process. And those processes are ICO, Private Sale, Bounty, and Airdrop.

What is a Private Sale?

After watching the private talk, you must have got ideas. Yes, they sell their coins or tokens privately before a new coin or cryptocurrency arrives in the market. Before discussing the details of Private Sale, I would not say anything. First, the cryptocurrency that comes into the market is by a company. That is, an established company or a new organization brings these cryptocurrencies with a concept. When these cryptocurrencies work to get into the market, those cryptocurrencies are called coins or tokens. And since these tokens are worked with a company's own concept to bring it to market, these words are called simple projects.

Now let's talk about Private Sale. Companies need a lot of money to implement their concepts. And to use that money, they use cryptographic technology. They generate certain tokens through it; Which, privately, sell their tokens to large investors. Since these tokens are sold privately, this process is called Private Sale. Privately means no token for sale of this token is published on their website. Other projects are followed by their own Palace. However, you can also attend this private sale. However, it does require a small amount of Amount / Investment. They will give you the tokens they create, and those tokens are fixed at a fixed price.

Why do you attend a Private Sale?

Very few percents of the total tokens that are set for sale are determined for sale through Private Sale and are priced slightly lower than the ICO. Which is why when that token is entered into the market for sale, there is a possibility of a good profit. And this is why those who invest in cryptocurrency are interested in investing in Private Sale. Although it is not possible for everyone to invest here, due to the price and acceptance of a small number of investors.

What is ICO?

Like the private seller, the token is also sold here, but it is detailed. Most investors get opportunities here, and large amounts are not required for investment. Initial Coin Offer The full form of the ICO is currently called by different companies in different ways; Such as - ITO - Initial Token Offer, TGE - Token Generate Event, etc. The price is a bit higher compared to Private Sale at ICO. Many companies will ask for your Identification Documents to participate in the ICO and Private Sale. And if those documents are verified, you can subscribe to their ICO or Private Sale.

What is Bounty?

Companies that want to get into the market by adopting an ICO or Private Sale continue their program called Bounty to make their project visible to all investors. To put it simply, small is an example - think you own a company and you want to bring a product to market. Now if you hoot the product and do not leave the market. Because if you hoot a new product in the market, nobody will actually look for it to buy, simply because no one is familiar with your product. And so for your product introduction, you must add your product through several people or ad companies. And you will spend some money to add this. The cost you add to your product is called Bounty. Which is our simplest marketing?

There is a slight difference between general marketing and Bounty. And that is the secret that companies spend money to do the marketing we see with advertising. But token companies run Bounty by promising to give them those tokens. That is, those who attend their Bounty do not get their wages immediately. When companies finish Private Sale and ICOs, payments will be made to the people who attended their Bounty. And their remuneration will be paid by the token of that project. Bounty can make a good income. I hope to have a post on this soon.

What is Airdrop?

It is also possible to earn some tokens through Airdrop. Airdrop is nothing complicated. Because of this, it is not possible to earn more through it. However, everyone knows "Mama Mama is better than Mama," and since attending Airdrop doesn't require much effort. So you can attend Airdrop. Airdrop's works are; Their fan pages - such as their project's Facebook page, Twitter page, YouTube, LinkedIn, etc. - are asked to follow social sites. That's all; As proof of this you will need a profile link on Facebook, Twitter, etc. Become your Airdrop participant.