Initial Coin Offerings (ICO)  

Initial Coin Offerings (ICO) bring new cryptocurrencies to the market
If a word was on everyone's lips in the past year, then it is the cryptocurrency. This is one of the central themes and services of VARENA Financial Services.
If you have not found it easy to invest in blockbuster coins such as Bitcoin and Ethereum, then consider investing in an Initial Coin Offering (ICO). However, be warned: even under the best of circumstances, ICOs are very risky and have high potential for fraud. Contact us in advance.
What exactly is an ICO?
Imagine this: You are a Silicon Valley startup with a great idea for a new cryptocurrency system. You may want to streamline the parent / babysitter payment system so that it can be digital and encrypted. What a great idea! Call it BabyCoin. The only problem is that you need people to give you money so that you can actually earn the currency. You could go to a bank or try to find venture capitalists, but what if you could raise money without giving up some of your ownership of the business? Enter ICO.

This is how it works. You create a document that describes exactly how the system works (usually called white paper), creates a nice website, and explains why this is a great idea that can be very useful. Then ask people to send you money (usually Bitcoin or Ether, but you can also take Fiat) and in return send them some BabyCoin back. They hope BabyCoin is used a lot and is in great circulation, which would increase the value of the currency.

It is important to note that, unlike an Initial Public Offering (IPO), investing in an ICO will not result in your having any interest in the company to which you are making money. They are playing for the currently worthless currency you are paying now to appreciate and make money. We advise and support you at the ICO.
Who can start an ICO?
Literally everyone! That is, as long as you create the technical conditions, you can try to finance your currency. We are your partner!
At present, the cryptocurrency as a whole is like the wild west. There is gold in the hills and relatively little to speak of. This can work in your favor or lead to fraud. Of all the funding options, an ICO is probably one of the simplest to set up as a fraud. Since there is no regulation, nothing prevents someone from doing all the work so you believe he has a great idea and then get away with the money. These are many reasons to talk to us in advance.

The central theses
    Entrepreneurs wishing to launch a new cryptocurrency can do so via an Initial Coin Offering (ICO), a variant of an Initial Public Offering (IPO).
    Currently, there is little or no state regulation of ICOs, and anyone can introduce one, provided he uses the technology.
    As? Create a white paper or other document that describes the system, create a website or app that describes how it works, and search for funding.
    Advertising is the key as there are so many competing coins on the market. Therefore, it is important to find out how the target demo can be addressed.
    You do not want to bring a new coin on the market, but invest in a new coin? Be sure to do some thorough research as there are a number of scams.

I would like to start my own ICO. How do I do that?
The most important thing to do is to make sure that either you or someone else (probably several people) has worked with and understands cryptocurrency and Blockchain.

Even if someone can do an ICO, that does not mean everyone should.
You need to be able to answer questions about every detail of your ICO on-site.
We are looking forward to hearing from you.


Initial Coin Offerings (ICO) bring new cryptocurrencies to the market