Altcoins and ICOs Explained in Plain English

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An ICO is a fundraising operation for a project through the sale of cryptographic tokens. The tokens are sold at a discount and later on may be used within the project or sold for a profit. ICOs are unregulated and hold a lot of risk for uneducated investors.

Altcoins, as alternative currencies to Bitcoin. There are four main factors to take into account when evaluating a cryptocurrency – Adoption, security, innovation, and incentives.

That's ICOs and altcoins in a nutshell. For a more detailed explanation keep on watching the video, here's what I'll cover:

0:38 - What are altcoins?
0:56 - Why do we need altcoins?
1:49 - How to evaluate altcoins?
3:56 - What is an ICO?
5:36 - The Ethereum ICO
6:23 - A disastrous ICO example
6:52 - ICO caveats
9:34 - How to evaluate an ICO?
10:30 - Conclusion

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