ICO meaning in accounting

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An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies . It is often a form of crowdfunding, although a private ICO which does not seek public investment is also possible.

ICO is the acronym for Initial Coin Offering which refers to the highly unregulated process of raising funds for a cryptocurrency project . The process involves selling part of the cryptocurrency to early investors in exchange for bitcoin or legal tender.