ICO Aftermath: Legacies, Lessons, And Lasting Innovations
Navigating the ever-evolving landscape of cryptocurrency and blockchain technology can feel like charting unknown waters. One term that frequently surfaces, especially when discussing funding new projects, is the Initial Coin Offering, or ICO. But what exactly is an ICO, how does it work, and what are the potential risks and rewards involved? This guide will delve into the intricacies of ICOs, providing a comprehensive overview for anyone looking to understand this fundraising mechanism.
What is an Initial Coin Offering (ICO)?
Definition and Explanation
An Initial Coin Offering (ICO) is a method of crowdfunding employed by blockchain-based companies or startups to raise capital. In an ICO, a company issues its own cryptocurrency tokens or coins, which are then sold to the public in exchang...