What is an ICO?


SUBMITTED BY: ma3340

DATE: Jan. 19, 2022, 7:33 a.m.

FORMAT: Text only

SIZE: 478 Bytes

HITS: 4524

  1. Similar to an IPO (Initial Public Offering) in share trading, an ICO provides an opportunity for people to get involved and invest in a project before it hits exchanges.
  2. It is a means of crowdfunding a project in the cryptocurrency space.
  3. The ICO provides the project or start-up company a source of capital.
  4. The benefits of an ICO include the avoidance of costs associated with regulatory compliance and intermediaries such as venture capitalists, banks and stock exchanges.