What exactly is ICO (Initial Coin Offering)?

Discussion in 'ICO Discussions' started by tuto.doronize, Jun 13, 2018.

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    tuto.doronize Upcoming Guru

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    First of all, ICO stand for an acronym – Initial Coin Offering. It is a process where blockchain start-ups offer investors some units of their new cryptocurrency projects (or tokens) in exchange for investments (i.e. other cryptocurrencies like Bitcoin or Ethereum).

    ICOs are being used since 2013 as crowd-fund to realize seed money for marketing, promoting proof-of-concept (POC) and development of new crypto-projects and/or products (mostly new coins).

    Read more about ICOs:
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    ItuExchange GL Legend

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    Thanks for answering the question yourself.

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