ICO Forensics: Unveiling The Red Flags Before Investing
The world of cryptocurrency and blockchain technology has revolutionized how we think about finance, investment, and decentralized systems. One significant innovation in this space is the Initial Coin Offering (ICO), a fundraising mechanism that allows startups to raise capital by issuing digital tokens. But what exactly is an ICO, how does it work, and what are the key considerations for investors and businesses alike? Let's delve into the intricacies of ICOs to provide a comprehensive understanding of this transformative fundraising method.
What is an ICO?
Definition and Purpose
An Initial Coin Offering (ICO) is a fundraising method used by cryptocurrency and blockchain companies to generate capital. In an ICO, a company sells digital tokens to investors in exchange for cryptocurrencies ...