Post
Topic
Board Altcoin Discussion
Re: What is ICO?
by
mariahronny
on 01/06/2017, 08:05:27 UTC
An ICO is a recently emerged concept of crowdfunding projects in the cryptocurrency and Blockchain industries.

 ICO stands for Initial Coin Offering. It’s an event, sometimes referred to as ‘crowdsale’, when a company releases its own cryptocurrency with a purpose of funding. It usually releases a certain number of crypto-tokens and then sells those tokens to its intended audience, most commonly in exchange for Bitcoins, but it can be fiat money as well.
 There are many possible benefits to taking part in an ICO. The obvious one is: you are helping the company launch its product. There is also an opportunity to make a profit selling ICO tokens after you’ve purchased them.