An initial coin offering (ICO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO) . A company seeking to raise money to create a new coin, app, or service can launch an ICO as a way to raise funds.
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What are Initial Coin Offerings? ICOs are another form of cryptocurrency that businesses use in order to raise capital . Through ICO trading platforms, investors receive unique cryptocurrency “tokens” in exchange for their monetary investment in the business.
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