With the word "ICO" we mean a crowdfunding system in the financial sector. Despite a long time history, in these day the web 3 is talking about ICOs linked to a revolutionary Bitcoin Dogs project recently announced. The launch is scheduled for February 14th, 2024 and it will be the world's first ICO on the Bitcoin blockchain. With pre-salt set to debut next week, the new project aims to gain significant traction with its fresh approach.

To support the growth of the platform, Bitcoin Dogs will distribute 900 million 0DOG tokens during a 30-day flash presale. Beyond the obvious investment appeal, these tokens will give holders access to an exclusive collection of NFTs and an engaging social gaming ecosystem. Using the paradigm-shifting Ordinals protocol, players will store their NFTs on the Bitcoin BRC-20 blockchain, offering a new level of security and reliability when stacked up against competitors Solana and Ethereum.

The question is: could the 0DOG token represent an investment opportunity with profits of 50x-100x? Will it enter crypto history as the world's first presale on the Bitcoin blockchain?

What are ICOs in the blockchain space?

From initial public offerings (IPOs) to crowdfunding platforms to initial coin offerings (ICOs), the world of fundraising has undergone enormous transformations.

• ICOs, or token sales, are events where investors purchase tokens in exchange for funding a project
• ICOs (Initial Coin Offerings) were born in 2013, when J.R. Willett, a software engineer, made the world's first ICO for his Mastercoin project
• ICOs were popularized by the Ethereum network and its ERC20 standard, and have transformed the blockchain space into a full-fledged economic sector
• Every ICO needs a whitepaper that provides all the details of the project to investors and is a fundamental element
• ICOs are considered revolutionary because, for the first time, regular users had an unbureaucratic chance to invest in opportunities previously open only to large-scale investors

A "bit" of history

Let's go back to the history of ICOs, as we told before in this article, 2013 is the year where this story begun. The first ICO was launched in 2013 for the launch of the Mastercoin cryptocurrency. In 2014, an ICO was added to the Ethereum cryptocurrency. The ICO is very popular. Last year 2017 was released about 20 months ago and the ICO for a new web browser called Brave generated about $35 million in 30 seconds. There are at least 18 websites that track ICOs.

Just to clarify, the first ICO was launched to be re-founded by new cryptocurrencies, but the current ICO is used to qualify. Typically these tokens are sold to be stored, with the existence of the token and the defined behavior of the mathematical algorithm. If there is a difference between similar tender offers, the acquisition of the token is not regulated by the government and does not guarantee ownership or other conditions.

SOURCES: BitPanda, Blockchain News

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Ilaria Vanni

Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.