Are ICO still a thing?

ICOs do seem to be on the decline , according to every notable measure. However, this is actually a good thing for the future of cryptocurrencies. Fewer ICOs mean the quality of ICOs is going to increase, the number of cases of fraud will decrease, and original, transformative ideas will become more common.

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What ICO means?

ICO is an acronym that means Initial Coin Offering , which is how funds are raised for a new cryptocurrency offering. It’s similar to an IPO (Initial Public Offering) which raises funds when a new company ventures onto the stock market.

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Where does ICO money go?

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.

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How does an ICO work Crypto?

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.

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