Mmtglobal.live

An ICO, or Initial Coin Offering, is a fundraising tool that trades future crypto coins for cryptocurrencies which have immediate, liquid value. Most ICOs are scams and are used by fraudsters as a way to trick unsuspecting investors. These scams often have attractive websites and promise high returns on investment. The promise of a revolutionary technology or a new cryptocurrency can lure many to invest their hard-earned money. Often, these promises are nothing but empty words, designed to deceive. In a typical ICO scam, the scammers will 'pump and dump'. This means they inflate the value of the coin by spreading positive news and once the price increases, they sell off all their holdings. This cause the value to plummet, leaving investors out of pocket. Remember, if something seems too good to be true, its probably is. Many ICO scams have been unearthed because their promises were too grandiose to be realistic.