In recent years, Initial Coin Offerings (ICOs) have taken the financial world by storm. ICOs are a fundraising method used by startups to raise funds for their projects by selling cryptocurrency tokens to investors. Since the launch of the first ICO in 2013, billions of dollars have been raised through ICOs. However, ICOs can be complex and confusing for those new to the world of cryptocurrency. This guide will provide a detailed explanation of how ICOs work and what you need to know before investing in one. How do Initial Coin Offerings work? An ICO is a type of crowdfunding campaign where a company creates a new cryptocurrency or token and sells it to investors in exchange for funding. The investors receive the new cryptocurrency or token, which they can trade on various cryptocurrency exchanges. During an ICO, the company will release a whitepaper that outlines the details of the project, such as its goals, how the funds will be used, and how the token will function. Investors can t...
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