What is ECO in crypto?

Eco is trying to be a nonbank with bank-like services — and crypto hidden away on the back end providing higher yields. Andy Bromberg is a crypto entrepreneur. His new venture, Eco, promises bank-like services, minus the bank. | Photo: Victor J. Blue/Bloomberg via Getty Images.

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What is ICO in stock market?

An initial coin offering (ICO) is an event where a company sells a new cryptocurrency to raise money . Investors receive cryptocurrency in exchange for their financial contributions. In many ways, an ICO is the cryptocurrency version of an initial public offering (IPO) in the stock market.

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What is token sale?

In a Token Sale, a company sells a portion of its own tokens through a crowdsale of digital tokens . Tokens are exchanged for an amount of an existing liquid medium of exchange, such as Bitcoin or Ether (Ethereum), at a fixed or tiered exchange rate.

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