What is an ICO (Initial Coin Offering)?

What Is an ICO? At their peak in 2017, initial coin offerings (ICOs) had overtaken venture capital as the main fundraising method for blockchain startups. ICO stands for “initial coin offering,” and refers to a formerly popular method of fundraising capital for early-stage cryptocurrency projects.

What is an ICO and how does it work?

The first Initial Coin Offering (ICO) was held in 2014 for the Ethereum project. However, within just three years, i.e. in June 2017, blockchain and cryptocurrency start-ups raised more money via the ICO-route than traditional means such as venture capital (VC) investment!

What is a blockchain ICO & how does it work?

Creating a blockchain and cryptocurrency is a costly endeavor. Developers must pay for legal counsel, programmers, facilities, and other expenses. An ICO is intended to raise funds to pay for the costs incurred during a blockchain’s or coin’s development.

How are Icos structured?

ICOs can be structured in a few different ways, including: Static supply and static price: A company can set a specific funding goal or limit, which means that each token sold in the ICO has a preset price, and the total token supply is fixed.