Cryptocurrency Q&A
What does an ICOs do?
What does an ICOs do?
Martina
Wed Nov 13 2024
|
6 answers
841
ICOs, or Initial Coin Offerings, are a means for startups to raise funds for their projects by issuing tokens that can be traded like stocks. These tokens represent a unit of value on a blockchain and are sold to investors in exchange for cryptocurrency or fiat money.
6 answers
HanjiArtistryCraftsmanshipMasterpiece
Fri Nov 15 2024
The tokens often serve a purpose within the company's service or product.
Was this helpful?
99
41
Chiara
Fri Nov 15 2024
Initial Coin Offerings, or ICOs, represent a novel approach to fundraising.
Was this helpful?
91
75
Giulia
Fri Nov 15 2024
Through ICOs, companies can secure capital by issuing new cryptocurrency tokens.
Was this helpful?
199
93
EnchantedSoul
Fri Nov 15 2024
These tokens are offered to investors in exchange for funds.
Was this helpful?
217
79
RobertJohnson
Thu Nov 14 2024
In some cases, the tokens represent a share or stake in the company or project.
Was this helpful?
73
26
Load 5 more related questions
