How does an ICO work Crypto?

The coins you have bought are referred to as tokens. They are similar to shares of a company sold to investors during an IPO. If the ICO is unsuccessful and not enough money is raised, the money may be returned to the investors . If the ICO is successful, the money raised will be used to pursue the goals of the project.

How To Buy ICO Tokens in Four Steps

An IDO uses a decentralized exchange (DEX) to facilitate the token sale . A crypto project provides their tokens to the DEX, users commit their funds through the platform, and the DEX completes the final distribution and transfer. These processes are automated and occur via smart contracts on the blockchain.