What is ICO (Initial Coin Offerings)?

What is ICO (Initial Coin Offerings)? Initial Coin Offerings or ICO is a means which helps in raising funds for cryptocurrency ventures that are new.

ICO or Initial Coin Offerings is generally used by all the startups in order to bypass the raising of capital that is regulated as well as a rigorous process required by the banks or the venture capitalists. Percentages of cryptocurrency are generally sold in ICO campaigns to the early backers in projects for an exchange of legal tender as well as other cryptocurrencies. But, this is done mainly for Bitcoins.

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