ICO Drops

ICO Drops Review: All You Need to Know and How it Works

New projects are listed on exchanges almost every day and ICO Drops allow you to get access to projects at their early stage.

An initial coin offering (ICO) is equivalent to an initial public offering (IPO). An initial coin offering is a way for new coins, apps, and all services in the cryptocurrency industry to raise funds.

This initiative allows investors to receive cryptocurrency to token when they buy into an initial coin offering. The method is popular and tokens bought may have utility or may just represent an investor's stake in the project.

Because of the highly unregulated nature of ICOS, investors are expected to be cautious by doing proper research when investing in any ICO.

In this review, you will learn about ICOs, the ICO Drops platform, how it works, and its pros and cons.

What is ICO Drops?

ICO Drops is an independent initial public offering (ICO) or token sale database and is not affiliated with any ICO project or company. Fees may be gotten from advertising certain token sales.

With ICO Drops investors can get access to projects before they are launched and listed on exchanges.

Initial public offerings (ICOs) and initial exchange offerings (IEOs) are listed on ICO drops in three categories: Active ICO, Upcoming ICO, and Ended ICO. And each ICO has information about the project and ratings attached to them.

How does ICO Drops work?

New projects are added to the ICOs and IEOs list through submission. ICO Drops focuses on significant projects for its users and the team looks for appealing ICOs online.

To add new projects through submission, the form is expected to be filled which contains the following information:

• Your name


• Your contact


• Project link


• Information about the project

Since projects listed on ICO Drops must be significant to users, there’s no guarantee that a particular project will be published. Projects will have to meet certain standards before publication.

According to ICO Drops, “listings are free of charge (we don't have paid listings, premium listings, etc.). If anyone is asking you for money for listing on ICO Drops be careful, it is a scam! The only existing domain is ICOdrops.com”.

How ICO Drops Advertising Works

ICO Drops is a popular (if not the most popular) ICO database. Its customer demographic includes investors from across the USA, China, Russia, and Japan.

Only approved ICOs and IEOs are considered to be part of the advertising program through manual selection by the ICO Drops team.

ICO advertising program comes in three unique format and placements:

Pinned Card

Adverts are pinned above the ICO list and have a minimum accommodation time of 14days.

Top Banner

It is pinned as a banner at the top of ICO Drops website pages having a direct link to your site.

It is designed uniquely to grab attention and contains your picture, color, and text for consistency.

Online Promotion

For more rich and great ROI on your heart spent announcements are made on Twitter and telegram with each post having the hashtag sponsored (#sponsored)

The goal of this promotion is to reach more investors in the aforementioned places—Russia, the USA, China, and Japan.

How does Initial Coin Offering Work?

When a company decides to raise funds by selling its new cryptocurrency asset, it makes known the rules involved in buying its token in advance, the date of release, and credentials (eg. a whitepaper) explaining what the token is about.

Investors participate in ICOs by paying using fiat money or cryptocurrency—Bitcoin and Ethereum—as an exchange for the new token.

The number of tokens available for sale and the price for which they will be sold can either be variable or fixed depending on the company.

How to Launch Your Own ICO

ICOs have a low entry barrier which makes launching one very easy. Starting your own ICO fundamentally requires creating a digital token. Other requirements are providing a credential, setting a release date, and making rules that will govern the token sales.

To successfully launch an ICO you'll need the following:

• A detailed plan showing how you want to achieve your short and long term goals


• A website


• A presence on social media


• Marketing research and campaign


• A whitepaper explaining what your project is about


• The identity of the team working on the project to promote trust

How to Participate in an ICO

Ethereum blockchain through its smart contract allows most token sales to operate. The smart contract automatically exchanges Ethereum tokens for a new token without a need for a middle man.

Depending on the company, ICOs have different supply and pricing mechanisms. When exchanges start to list tokens, such tokens can be bought and traded in a marketplace.

To participate in an ICO you need to:

1. Open a cryptocurrency exchange wallet. Exchanging and trading a cryptocurrency can't be done with fiat currency.


2. Exchange your fiat money for Bitcoin or Ether. Once you are registered to an exchange, trade your fiat money for cryptocurrency.


3. Transfer your coins to a blockchain wallet to receive the tokens you want to purchase. You will need a wallet you can control


4. Set up your wallet. Metamask and MyEtherWallet are the most used Ethereum wallets


5. Buy ICO tokens and store them in a secure location. Do your own research before investing in any ICO.

Is ICO a Good Investment?

Initial coin offering (ICO) is the initial public offering (IPO) for startups in the crypto space. In ICOs Investors make financial contributions in exchange for digital tokens.

What Problem does ICO Drops Solve in the Crypto Ecosystem?

Initial coin offering (ICO) is a fundraising business model and approach through coin creation. The risk of buying into a project is that cryptocurrency coins created, valueless at the early stage of the project, would increase in value over time.

A project receives utility and extensive publicity which impacts the value of the currency. Listing projects on ICO Drops makes it easy for investors to get early access into projects before they are listed on major decentralized exchanges (DEXs)

What are the Features and Benefits of ICO Drops?

1. Projects are listed in three columns: Active ICO, Upcoming ICO, Ended ICO which represents an ICO calendar.

2. Information about each Project is provided and usually contains the following:

• Important notice about the project


• An “About Us” for the project


• Project partners


• Link to the project's website


• Link to the project's white paper


• Links to the Social Media platform(s) they exist


• Market and Returns. This includes the token price, 24-hour volume, market cap, and return since ICO


• Token sale. The token type, fundraising goal, total tokens, and the cryptocurrency tokens they accept are listed here


• A short review and the role of the token (which is mostly utility)


• Screenshot of several pages found on the project's website 

3. A responsive ICO calendar accessed through a standard calendar app on your device— Android, Windows, iOS, Mac— and other calendar apps.

The ICO calendar is local on your device, always updated, automatically syncs with your time zone, and works very well with any calendar app

4. Latest ICO and IEO news on Twitter and Telegram


5. A bounty list—an incentive program


6. Weekly emails containing ICO plans sent to their email subscribers


7. A rating system, interest level, designed to inform users but does not stand as financial, investment, or legal advice

The interest level relating system includes these three factors:

Hype level: this factor is rated on the basis of the size and quality of the audience that has shown a level of interest in social media. The hype level could be normal or high.

Risk level: this factor relies on the percentage of fundraising tokens available, buyback, personal hard cap, and pre-sale results generally identified as the conditions of participation in a token sale.

Return on investment level: it is dependent on the performance of similar projects and is reflected when token price changes over time. 

Pros and Cons of ICO Drops

Initial coin offering is a good way for companies to raise funds very fast however, this process has its downside also.

Pros

• Intuitive and easy to use website


• No affiliation with any company or project


• Provides information about projects not extensively covered by mainstream media


• Incentives can be earned when you participate in ICO activities

Cons

• The interest level rating system may be biased


• How an ICO progresses isn't fully described

Frequently Asked Questions about ICO Drops

What is an Initial Coin Offering (ICO)?

An Initial Coin Offering (ICO) is a way of fundraising for startups in the cryptocurrency ecosystem where investors receive tokens when they exchange cryptocurrency or fiat money.

What is an Initial Exchange Offering (IEO)?

An Initial Exchange Offering (IEO) is a type of initial coin offering for fundraising in startups where investors exchange cryptocurrency for utility tokens on decentralized exchange platforms.

What is Pre-ICO?

Pre-ICO (Pre Initial Coin Offering) is the sale of a particular amount of a utility token before the official sale or initial coin offering campaign event.

What is Meant by a Bounty Program?

A bounty program is an incentive model that rewards participants involved in activities related to an initial coin offering with a token. An activity could be referring a friend or promoting a project online.

What is ‘Interest Level’ in ICO Drops?

Interest level is a rating process that provides users with information about ICOs or token sales.

Interest level is fundamentally for informational purposes and does not substitute as financial or investment advice.

Tokens are rated by considering the three factors listed below:

Hype level: it relies upon social activities and the quality and size of the audience that promotes and supports the project.

Risk level: this factor bases its analysis on the conditions of participation in a token sale.

ROI level: the price of a token is expected to increase over time. The value change experienced reflects the ROI level factor and it also depends on the performance of similar projects.

ICO Drops Disclaimer

First, it is important to note that ICO Drops has no affiliation with and does not endorse or sponsor any of its listed token sales. However, fees may be received for advertising certain tokens as a pinned card, at the top banner on every page, or by promoting the project on Twitter and Telegram.

Furthermore, be cautious and diligently carry out your own research to assert the risk level involved in token sales.

To participate in a token sale, your decision should be based on advice from any qualified professional you choose and your conviction since the interest level rating system does not guarantee that you will make a profit and won't incur a loss.

The analysis provided is solely for informational purposes. You alone must take responsibility for any decision made based on the interest level rating system or other information discovered on the ICO Drops website.