Cryptocurrency Q&A
What is ICO in blockchain?
What is ICO in blockchain?
Valentino
Mon Nov 04 2024
|
6 answers
828
I'm trying to understand the concept of ICO in the blockchain technology. I've heard it's related to fundraising for new projects, but I need a clear explanation of what it stands for and how it works within the blockchain ecosystem.
6 answers
KatanaGlory
Wed Nov 06 2024
It is analogous to an Initial Public Offering (IPO) observed in the conventional financial market.
Was this helpful?
43
26
CryptoPioneer
Wed Nov 06 2024
Firms seeking capital for the development of a novel coin, application, or service often opt for this method.
Was this helpful?
99
81
ZenBalance
Wed Nov 06 2024
By conducting an ICO, these companies can attract investors willing to support their innovative projects.
Was this helpful?
173
30
Valentina
Wed Nov 06 2024
An Initial Coin Offering (ICO) serves as a fundraising tool within the realm of cryptocurrencies.
Was this helpful?
262
44
IncheonBeautyBloomingRadiance
Wed Nov 06 2024
In return, investors receive tokens or coins that represent a stake in the venture or provide utility within its ecosystem.
Was this helpful?
108
90
Load 5 more related questions
