ICO has proven to become a revolutionised opportinity for many companies and projects to raise money. ICO can probably be said because mix of fliers and other modes and advanced techniques. The main factor this is that investors purchasing the ICO will likely be 100% free of risk because of the technology used.
Till now, almost all of the ICO funds have been collected via Bitcoins (BTC) or Ether (ETH). While performing the ICO, the job produces a Bitcoin or Ethereum address to get funds and then, shows it on the respective web page. The process is just like opening a bank account, then showcasing it with a particular website to the people so that they may send money.
Initial coin offering (ICO) is basically an unlawful way to collect crowdfunding via various cryptocurrencies (fiat currencies in some cases) and it is functioned by cryptocurrency organisations to discover the capital funds needed to execute the project. Within an ICO, a particular area of the recently issued cryptocurrency is being sold to investors in exchange for any legalised tender or other cryptocurrency. It could be said as token sale or crowd sale which involves taking investment amount from investors and definitely some features linked to the project to get launched.
IPO, i.e. Dpo is a process somehow relatable to ICO through which investors receive shares in the ownership of the company. Whilst in ICO, the investors purchase coins from the company that can increase in value if the business gets amplified.
The first token sale, i.e. an ICO was conducted by Mastercoin in July 2013. Ethereum collected money through an ICO in 2014. ICO has brought a wholly new definition in past years. In May 2017, there are approx. 20 offerings, plus a recent web browser Brave’s ICO generated about $35 million within A few seconds. Till the end of August 2017, a total of 89 ICO coin sales worth $1.1 billion was conducted beginning with January 2017.
Investors send Bitcoin, Ethereum or another cryptocurrency for the given address and also in exchange, they get new tokens that will benefit them greatly if the project gets hit.
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