With cyrtos all the rage at the moment it comes as no surprise that the fraudsters have jumped onto this bandwagon.
An ICO is an initial coin offering, essentially an IPO but for cryptos.
In the last week alone I have been offered two such subscriptions. No doubt they are genuine and incredibly exciting etc but just exercise some caution.
At least 10% of such offerings are scams and your hard earned money will be going straight into the fraudsters pocket and not the latest blockbusting crypto-currency that you thought you were investing into.
As ever, some basic due diligence and a dose of common sense should see you ok.
Here’s another reason to be leery of the initial coin offerings being done at a staggering pace in the cryptocurrency world: there’s a one-in-10 chance you’ll end up a victim of theft.