Definition of (ICO)

An initial coin offering (ICO) is a way to raise funds or capital using digital money or cryptocurrency. In this process of initial coin offering, a certain percent of newly provided cryptocurrency is traded for the other cryptocurrency, usually Bitcoin. The fund raised by this process can become a source of capital for newly starting companies. The coin or token used in ICO is a symbol of digitized ownership in a firm.

Breif Explanation of Initial Coin Offering (ICO)

The ICO campaign period is based on a plan for new cryptocurrency enterprises that wants to raise money through ICO. Firms like these make a proper plan for a project, their deadline, the kind of payment they accept, and so on. A previous name for this was the initial public offering.