What Is an ICO and How Does It Work?

ICOs have proven to be a revolutionary method of fundraising for many companies and projects. ICO can be said to be a combination of traditional methods and modern techniques. The main thing to consider here is that investors investing in an ICO will be 100% risk free due to the technology used.

So far, most ICO funds have been raised via Bitcoins (BTC) or Ether (ETH). While performing an ICO, the project generates a Bitcoin or Ethereum address to receive funds and then displays it on the relevant webpage. The process is similar to opening a bank account, and then directing people to a specific web page to send money.

An initial coin offering (ICO) is basically an illegal method of raising crowdfunding through various cryptocurrencies (in some cases fiat currencies) and it is the capital required by cryptocurrency organizations to execute the project. Works to get funds. In an ICO, a certain portion of a recently issued cryptocurrency is being sold…

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