ICOs: Reimagining Governance Through Tokenized Equity
Initial Coin Offerings (ICOs) once blazed a trail as a revolutionary fundraising method, promising early access to groundbreaking blockchain projects. While the ICO landscape has evolved significantly, understanding its core principles and historical context remains crucial for navigating the broader crypto market and assessing new token offerings. This guide provides a comprehensive overview of ICOs, covering their mechanics, advantages, risks, and regulatory considerations.
What is an Initial Coin Offering (ICO)?
Definition and Purpose
An Initial Coin Offering (ICO) is a fundraising mechanism where a company or project sells cryptocurrency tokens to early adopters in exchange for fiat currency or other cryptocurrencies, typically Bitcoin or Ethereum. Essentially, it's a way to raise capi...