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Initial Coin Offering by Hextracoin

So what is an initial coin offering? Is an unregulated and debatable means of crowdfunding by the use of cryptocurrency, which can be a source of money or capital for startup companies. In an Initial Coin Offering, a part of the newly issued cryptocurrency is offered and sold to investors in exchange for legal tender or other cryptocurrencies. 

 

ICOs can be used for a wide range of activities, ranging from corporate finance to charitable fundraising.  However, the UK Financial Conduct Authority has also advised and warned that ICOs are very high risk and speculative investments; and are scams in some cases, and offer no protections and safety for investors.  www.hextracoincrypto.com offers some in-depth insights on hextracoin.

 

As per claims, the Hextracoin ICO 1 HXT is priced at $1 USD.

 

A member signs up and give the company money, and send a value-less currency called Hextracoins in return. That coin is not listed at any exchange, nor it is connected to any products or services. It may not even be based on any block chain technology: for all we know, the creators of Hextracoin invented the token by chance off-chain.

 

As claimed, the more Hextracoins you buy during the ICO or initial coin offering, the more money the member will definitely make. If one invests for example, over $1,000 the company or institution will pay you 0.15% per day plus an additional 48% per month; If you invest up to $100,000, you’ll earn 0.30% ROI per day and up to 48% per month on top of that.

 

The company claims to be releasing 9 million Hextracoins through its ICO. However, it’s unclear where the remaining Hextracoins are going.

 

As advised by the authorities, this is a high risk investment and there are still no protections for these kind transactions if proven a scam. Therefore it is still advisable to be more cautious on this new cryptocurrencies that are circulating.

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