An initial coin offering is similar in concept to an initial public offering (IPO), both a process in which companies raise capital, while an ICO is an investment that gives the investor a cryptocoin, more commonly known as a coin or a token in return for investment, which is quite different to the issuance of securities as is the case in an IPO investment. Do you invest in ICO? and has you make money from it?
I used to invest in every ICO that were being launched two years ago because they have a good chance for profit, but now I only pick one or two good ICO I just make sure the developer is well known and they have terms that they will refund if the ICO did not meet the softcap