Before we learn how to recover tezos ICOs let us first know what an ICO is. An ICO stands for initial coin offering. In this article we learn about ICOs and how to recover tezos ICOs in case they are lost or cannot be accessed.
Cryptocurrency as we know is a form of currency that has only digital existence and cannot be materialised into physicality. However, cryptocurrencies have values similar to mainstream currencies and are in fact a very sought after investment avenue. Cryptocurrency is not only easy to invest in, it also operates in a thriving market which makes it very easy for the participants to make profits.
Seeing how profitable the cryptocurrency market is, new start-ups and entrepreneurs have started to look for funding in this market. They fund their projects by making an ICO or an initial coin offering. An initial coin offering is very similar to an IPO except the fact that it operates in another market. Even though this form of funding is new and has its own share of critics, given the volatility of the mainstream market and the unavailability of funds, entrepreneurs are indeed considering this as a major source of funding.
In order to participate in an ICO, you will have to own a wallet and the transactions will all be made from there. Any amount you pay towards the ICO or the ICO pays to you, will be recorded onto this wallet. Tezos offers its wallet facility which you can easily use for ICOs. Even if you are not in favour of ICOs, you may still use a wallet in order to make other transactions and track your cryptocurrencies. The tezos wallet is a must have for all active and prospective cryptocurrency investors.
Now we come to recovering your tezos ICOs. You might have the need to recover your ICOs in case they are lost or stolen. Recovering tezos ICOs is very simple and barely takes any time.
In order to recover your Tezos ICOs, you will first have to go to the official site where you will be directed to a page where you will have to enter your personal details like:
- The email ID that you registered with for the ICO
- The seed phrase associated with the ICO
- Your password
- The public key associated with the ICO
Once you fill in all the required details and submit them, you will be provided with a private key which you have to enter. After entering the required key, your tezos ICOs will be added to the tezos public block chain.
Conclusively, it can be said that tezos provides the most trusted services when it comes to cryptocurrency. Not only is it safe and trusted, it is also one of the most recommended in the world of cryptocurrency. The Tezos wallet is a great way to keep track of all your investments in the cryptocurrency market. In also enables you to send, receive and perform other transactions with ease. One of the best things about tezos is that it keeps updating to the most recent technologies for its users. Recovering ICOs wasn’t easy in the earlier days, however tezos has made it possible to do so without any hassle.