Making money from ICOs has become widespread over the past four years. The point is that the project raises the funds necessary for its development, and investors receive tokens of this project on the exchange, which in the future, subject to the success of the startup, can become significantly more expensive and thus bring profit. Of course, not all ICOs pay off, but the situation is much better now than in 2017, when the market was infested with scams. Today, projects are usually launched under the auspices of main brokers (this process is called SIM), and these exchanges check them on various parameters for reliability.
Our editors studied the TOP 7 ICOs of 2021 in terms of profitability. In a short time (up to 30 days), these projects not only recouped the costs of investors, but also generated a profit of hundreds of percent.
The most profitable projects launched in 2021
Conclusion
This type of crowdsale, such as ICO/IEO, is very popular among crypto startups that need to raise enough capital to start development. The process is usually not governed by strict rules, which increases its efficiency. Startups start by preparing a White Paper – a technical document that defines the goals and objectives of the project and reveals plans for using investors’ money. You need to read all of this carefully to make a decision about investing. Also check the history of the company and its team members. If funds are lost, it is unlikely that the use of the law will be of any help.