
ICO Graveyard: Lessons From Failed Token Sales
The world of cryptocurrency is constantly evolving, and one of the earliest methods of raising capital in this space was through Initial Coin Offerings, or ICOs. While ICOs have faced their share of scrutiny and regulatory challenges, understanding their mechanics, risks, and potential rewards remains crucial for anyone involved in the blockchain ecosystem. This post delves into the intricacies of ICOs, providing a comprehensive overview to help you navigate this complex landscape.
What is an Initial Coin Offering (ICO)?
Definition and Purpose
An Initial Coin Offering (ICO) is a fundraising mechanism where a new cryptocurrency or crypto project sells its tokens to the public in exchange for established cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH), or even fiat currency. Think of ...