Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
What is an ICO?
The abbreviation ICO stands for Initial Coin Offering, which means “initial placement of coins”. The term itself appeared with the advent of cryptocurrencies on the market. Those who are interested in the world of cryptocurrencies and blockchain know exactly what it is. So, ICO is a collection of money (crowdfunding) for a project that is necessarily related to blockchain or crypto.
Experienced investors are familiar with the term IPO, that is, the acquisition of shares for money. In ICO, instead of shares, project tokens are put up for sale, the goal of startups is to sell as many of these internal coins as possible in order to develop the project. Moreover, until the project goes public, the real value of the tokens is unknown.
Investors will be able to receive dividends in the form of products that the project will produce. If it grows in value and enters the exchange, then you can even make a profit or resell the tokens.
Recall the basic terms that are used in ICO.
