I'm interested in understanding how crypto ICOs operate. Could someone explain the mechanism behind it and how it works in the cryptocurrency world?
5 answers
KimchiQueenCharmingKiss
Wed Nov 13 2024
An ICO serves as a fundraising technique employed by entities or initiatives aiming to procure funds for their endeavors.
GeishaMelodious
Wed Nov 13 2024
During an ICO, a company introduces a novel cryptocurrency, which is frequently developed on the Ethereum blockchain.
EtherealVoyager
Wed Nov 13 2024
This newly minted digital currency is offered to investors in return for traditional fiat money or other existing cryptocurrencies.
CryptoBaron
Tue Nov 12 2024
The primary objective of conducting an ICO is to secure capital necessary for the growth and development of the company or project.
KimchiChic
Tue Nov 12 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a wallet service.