A crypto currency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets.Crypto currencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
A blockchain is a distributed, cryptography-powered database that maintains a list of records, timestamped and chained together to prevent revision or tampering.
Pyrupay help businesses improve, who believes that cryptocurrency is the next frontier in the world of money and finance and provide a platform to launch an Initial coin offering(ICO) and Pre-token sale with diversified investment and extra benefits.
Pyrupay has 3 main processes namely, Registration, Pre-sale and sale. When a cryptocurrency startup firm wants to raise money through an Initial Coin Offering (ICO) ICO coin list, that firm needs to apply in pyrupay which serves as a pre-ICO platform. Pyrupay team handpicks the firms with all data provided and verified.
ICO is a mechanism for raising funds, under the terms of which future crypto currency is sold to investors. You pay with Ethereum in ICO, and in return receive tokens of the new project. This is an alternative method of crowdfunding. During ICOs the investors buy coins of the company, which can appreciate in value if the business is successful.
PreICO is conducted prior to ICO, offering investors unique chance to purchase tokens at substantial discount and start supporting project at early stages.
A token is a digital asset that is sold to the public during an ICO campaign, usually for other popular cryptocurrencies, namely BTC or ETH, or sometimes directly for fiat currency. Unlike a cryptocurrency, tokens usually do not have their own blockchain, but rather are hosted on another blockchain, such as Ethereum’s.
Once an ICO campaign is complete, the token developers can release the tokens on an exchange, where they can be traded and fluctuate in value, like any other cryptocurrency.
Tokens can also have other functions that are particular to the product that issued them. However, tokens themselves do not necessarily give rights or equity to the product/company that originally issued them -- in that sense tokens are definitively not equal to shares in a traditionally structured company.
Tokens not sold during the ICO will be burned
In all cases including this one, the purchase of tokens in an ICO represents a high risk to any contributor.
There is a risk that in some jurisdictions that the Token and related digital assets may be deemed by regulators to be a security, or that it may be judged to be a security in the future.
The token offering involves new software and leading edge technologies that may not meet the objectives laid out in the white paper.
There are security risks during the ICO. Attack vectors include the website, your wallet software, the Ethereum network, Internet infrastructure, the token source code and associated software, infrastructure or smart contract.