What Is an ICO?
Initial Coin Offering (ICO) refers to the process of generating and launching a new cryptocurrency in the crypto market with the help of Blockchain technology. The concept of ICO is mainly a fundraising technique, and this initial coin offering process allows to raise funds through offering new tokens from the crypto investors. The entire token generation and distribution process of the initial coin offerings (ICOs) is conducted on the Blockchain. This technique is also known as token offerings, token crowdfunding, and so on.
Moreover, all fintech entrepreneurs or crypto traders are familiar with several cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Ripple, and more. But do you know how these cryptocurrencies came to be? Hopefully, you have already realized the answer, and in this regard, the concept of the ICO technique has been keeping a massive contribution behind launching these cryptocurrencies.