If you are in the US you might probably be familiar with the Compcoin. In simple language, Compcoin is a digital currency trading platform available on the public domain. The compcoin employs a methodology called blockchain to share the trading technology among investors. This digital methodology enables the investors to trade rather than competing with each other.
When you have an individual investment account, you must own this digital coin as well. Then the decentralised automatic global trading computer can naturally carry out the trades in your individual investment account. The investors usually consult licensed financial advisers in using the Compcoin technology. The Compcoin consists of a wide network of financial trading computers which produce a trusted automatic investment platform. The system connects all the individual investments accounts of any size spread across the globe.
Whenever a cryptocurrency startup firm wants raise more money, it is engaged in the process through an Initial Coin Offering, which is commonly known as ICO. The procedure is planned out on a whitepaper which offers a rough idea about the project. The whitepaper describes the full details of the project including the money needed to execute it.
While the ICO campaign runs, you can purchase more of the distributed cryptocoins with fiat or virtual currency. These coins are known as tokens. They could be compared with the shares of a company sold to an investor in an Initial Public Offering aka IPO transaction. Yet if the amount is not sufficient, the money will be returned to the backers. The ICO will then be considered unsuccessful. If you manage to have the funds requirements within a particular timeframe, you can use the money to begin a new project.
The investors of the early period are somewhat interested in buying the cryptocoins because chances are highly likely for a plan to become successful. A successful plan means higher cryptocoin value than what is purchased. Ethereum is one such project that has proved profitable to the investors through ICO projects. Ethers are considered the coin tokens.
The Ethereum project was launched in 2014 with its ICO raising about $ 18 million in Bitcoins. The project became fully fledged in 2015 and 2016 with an ether value of about $ 14.
If something could be compared with the ICOs it could be IPOs and crowdfunding. The difference however is that IPOs deal with the investors while ICOs deal with the supporters interested in investing on new projects such as a crowdfunding event. ICOs, however vary from crowdfunding as well as the former backers are encouraged by a potential return for the investments. Because of this, ICOs could also be known as crowdsales.
The currency trading algorithm, a digital phenomenon, could be accessed by using Compcoins. These are smart digital coins with restricted way in for automated professional currency trading. The benefit is that it operates on accounts of the financial institution that you choose. With this you can keep your fingers crossed about positive financial goals.
Compcoin also offers its technology to registered investment consultants.