What Does Initial Coin Offering (ICO) Mean?
An initial coin offering (ICO) in the world of cryptocurrency defines an event by which a community raises funds for a new cryptocurrency project. It is like the cryptocurrency version of an IPO without much of the regulation and process that accompanies similar efforts within the regulated financial world.
Techopedia Explains Initial Coin Offering (ICO)
In an initial coin offering, the process starts with design. Startups may circulate white papers and other resources to show potential investors project details. Founders sort out what amount of a currency’s virtual value will be doled out to investors.
