Help and FAQs from HiP Property

Is there a difference between "ICO" and "token sale" ?

Jan 5, 2018 11:25:11 AM / by HiP

Recently there has been a large amount of confusion regarding this subject. Which can have a huge impact within the ICO world.

As is also common, regulation is in its infancy and can change from country to country.

The one major difference is that an ICO generally involves bitcoins and a token sale will use Ethereum. Ethereum are tokens, and bitcoins are, well, coins. Coins are fairly straightforward – they represent value. Tokens, on the other hand, work differently. These can reflect the company’s growth, and increase accordingly.

Tokens store different levels of value and are a far more complex unit than coins. Tokens are programmable and have many different types of functions and usability.

Despite this, the terms ICO and token sale are used interchangeably. They are generally used to describe the process of a team behind a project releasing a token or “coin” in order to raise capital.

If you’re interested in token sales, HiP is excited to begin its own – to get on the HiP earlybird token sale list for maximum discounts, go here: https://www.hip.property.

HiP

Written by HiP

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