Which cryptocurrencies are commonly used for ICOs?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to ICOs, Bitcoin (BTC) and Ethereum (ETH) are two of the most commonly used cryptocurrencies. Bitcoin, being the first and most well-known cryptocurrency, is often used as a base currency for ICOs. Ethereum, on the other hand, has its own blockchain platform that allows for the creation of smart contracts, making it a popular choice for ICOs. Other cryptocurrencies that are commonly used for ICOs include Ripple (XRP), Litecoin (LTC), and NEO (NEO). These cryptocurrencies offer different features and functionalities that may be attractive to ICO projects.
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• Dec 17, 2021 · 3 years ago
  ICOs often choose to accept Bitcoin and Ethereum due to their widespread adoption and liquidity in the cryptocurrency market. Bitcoin's long-standing reputation and Ethereum's smart contract capabilities make them reliable choices for ICOs. However, it's worth noting that some ICOs may also accept other cryptocurrencies depending on their specific goals and target audience. It's always important for investors to research and understand the cryptocurrencies accepted in an ICO before participating.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we believe in providing a diverse range of options for ICOs. While Bitcoin and Ethereum are commonly used cryptocurrencies for ICOs, we also support the use of other digital currencies such as Ripple, Litecoin, and NEO. Each cryptocurrency has its own unique features and benefits, and we strive to accommodate the preferences of ICO projects and investors. Our platform offers a secure and user-friendly environment for ICOs to raise funds and for investors to participate in token sales.
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