ICO

bitcoin, cryptocurrency, virtual

Nowadays, you can’t speak about the state of the blockchain industry without at least
mentioning ICOs, or initial coin offerings.
They’re a way for new projects, startups, and companies to sell their underlying crypto
tokens in exchange for investors’ money.
Think of ICOs as Initial Public Offerings, but instead of investors purchasing shares
of a company, they purchase the coin underlying a new project.
ICOs are very different from equity.
Having a new project’s coin doesn’t give you ownership of the project, but instead
enable you to use the project when it becomes available.
Thereby, by buying into an ICO, it shows that you are interested in this new project.
This incentivizes others to do the same, showing that the project will probably be widely used,
since without the associated token, you can’t use the project.

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