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FTA: ICOs conclude once the coins or tokens are tradable in the open market. This is a part that has eluded me thus far: how are the new coins tradable on the
by silverbax88 9y ago
FTA:
ICOs conclude once the coins or tokens are tradable in the open market.
This is a part that has eluded me thus far: how are the new coins tradable on the open market? I'm genuinely asking - most exchanges don't support all crypto coins, and certainly not the dozens of new ones being created. How does one invest in an ICO and then 'cash out'? I see the ROI stats on some of these ICOs but I'm curious as to if those investors are basically sitting on that ROI hoping it doesn't evaporate before they can sell. Can anyone provide insight here?
- jhildings 9y agoYou can trade most pairs at EtherDelta which is a decentralised exchange on the blockchain https://etherdelta.github.io/ https://etherdelta.github.io/
- ksahin 9y agoAlmost all these ICOs are made on the Ethereum blockchain, there is a standard that almost all ICOs uses which is called ERC20 : https://theethereum.wiki/w/index.php/ERC20_Token_Standard https://theethereum.wiki/w/index.php/ERC20_Token_Standard Exchanges knows how to deal with ERC20 tokens so sometimes theses token hits the exchanges 5mn after the ICO is over (exchange like liqui.io or Bittrex). So no people are not sitting on their ROI since there is liquidity for these tokens
- erikb 9y agoThe meta-coin basically. You have to admit this is a very well designed scheme.
- bitxbitxbitcoin 9y agoThe open market in crypto is very, very open. As others have pointed out there are centralized and decentralized solutions for trading a lot of these things.