What is an Initial Coin Offering (ICO) Explained Simply

In this video Jackson explains in his typical easy-to-understand way what exactly and Initial Coin Offering is. He is one of my favorite YouTubers because he explains complex ideas very simply, and sometimes people just need shit explained simply. ๐Ÿ™‚

Granted this video is from a while back, and he is speaking to the “Ethereum craze” that was happening at the time, but the video is still a very valuable explanation of exactly what an ICO, and how ICO’s came to be; namely through Ethereum smart contracts.

I’m not going to go into much detail in this article because I feel Jackson does great at explaining this whole concept really well. Please enjoy the video below.

He starts off explaining exactly what Ethereum (ETH) is and how the Ether coin runs smart contracts. This is an important concept to know before you start understanding initial coin offering. He then explains what exactly and ICO is, and how it works. Again, keep in mind that this video is older, but it does explain the topic really well.

Well, did you enjoy the vid? I honestly hope you did!

This is Lane Watson. I’m the dude responsible for this blog, and I’m really here to share loads of truly awesome cryptocurrency videos with you. Seriously. It’s the only reason I’m doing this at this time. ๐Ÿ™‚

That being said, my initial intention was a bit different…

Okay, so to start on the right foot, I really wanna admit to something. The truth is, my own selfish needs are really what prompted me to create this site. See, I tend to “crack out” on videos about the blockchain (like the blockchain presentation you just finished watching), and a cool site on which I could re-watch my favorite videos is really what I was after.

I also believe that opportunity abounds online, which is another motivating factor in my decision to create this site. I’m just being honest.

I love sharing great content, and I also enjoy earning sponsorship revenues and affiliate commissions… hopefully you don’t see anything wrong with that.

I just wanted to disclose the fact that yes, I do make money from this site. But listen… in no way is it my intention to sell you anything. If you see a product on this site that you think will help, that’s cool! If not, it’s all good. I just appreciate your readership. ๐Ÿ™‚

I’m just cool with watching and sharing ICO with like-minded people! ๐Ÿ˜‰

And that’s what Average Crypto is. It’s really a place where you can access tons of cryptocurrency videos, guides, and articles all under one roof. If that sounds like something you can appreciate, then I’d love to see you again. ๐Ÿ˜‰

So make this a site you return to! I’m just gonna continue sharing fantastic videos in the areas of the blockchain, ICOs, and initial coin offering… and lots more!

In any event, it would still be very nice of you to click the Facebook “Like” button on the sidebar to the right. Or at a minimum, please share this post via one of the social share buttons below. ๐Ÿ™‚

As a final request, your input and feedback mean a lot to me. Let us know what you liked or didn’t like about the video. Use the comments section below.


via Jackson Palmer


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