Definition[]
An Initial Coin Offering (ICO) is
| “ | an unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.[1] | ” |
References[]
See also[]
- Initial Coin Offerings (SEC)