Sum Of My Coin Review

Sum Of My Coin is a website that gives you the daily value of your cryptocurrency wallet. Once you become a member, you can receive daily alerts on the status of your wallet such as:

  • Receive every morning the value of your wallet by mail
  • Alerts of the new currencies
  • You receive an alert when a currency reaches the value of a sale you fixed
  • For security reasons, you don’t show your cryptocurrency’s addresses
  • You are exposed to more than 1300 valuable cryptocurrencies

Joining Sum Of My Coin

Joining the site is relatively easy. You simply need to create an account using your e-mail address. Once you sign up, you will be able to log in to your account and receive a sale alert, especially when you have to sell. You can also receive an alert when a new currency gets out.

More Information on Sum Of My Coin

In addition to providing members with alerts, Sum Of My Coin is also an informational site. It provides adequate information about ICOs, Bitcoin, Ethereum, and different altcoins available in the market.

What You Need to Know About ICOs

Today, it is rare to find a person who does not know about cryptocurrency. In fact, digital transactions are becoming more popular and the growth of the digital currencies is just incredible. For crypto investors who target mainstream digital currencies such as bitcoin or Ethereum, the returns are quite satisfactory. ICOs or Initial Coin Offerings are the fundraisers for the cryptocurrencies. So how does it work and what does it involve?

What Exactly is ICO?

In the recent years, cryptocurrencies have proved that they are just a worthy investment. They offer exceptional returns for both new and experienced investors. Currently, there are several cryptocurrencies in the market, but the most common are bitcoin and Ether. More people are investing in the two min digital currencies.

One of the investments in the crypto space is the ICO, which can be compared to IPO. However, ICO operates on the blockchain. The main purpose of an ICO is to finance a crypto-based business and the idea is quite popular with the public.

How ICO Works

ICO is a form of crowdfunding that allows members to raise funds for a company. It makes fundraising easier for blockchain-based projects.

However, it is important to note that when you finance a project through ICO, you need to follow certain guidelines. Before you attack the funding process, the following must be available:

  • Whitepaper—a document containing all the details about the project
  • Smart contract—the technical document of your ICO
  • Token—the digital currency that your project accepts for payments

Since ICOs are becoming more and more successful, criminals have infiltrated the sector with scams as well. Almost every day, there are cases of scams in the crypto market. To avoid being caught in the web of fraud, you should pay attention to the whitepaper and the smart contract before you invest in their ICO. The two documents are of great importance. It’s advisable to call a crypto specialist before you embark on the ICO.

For more information about SOFMycoin, feel free to visit https://www.sofmycoin.com/.

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