ICO (Initial Coin offering):
ICO – this is the biggest trend in cryptocurrency as of today, the term is used to describe the sales of blockchain based virtual tokens in an exchange of other cryptocurrencies.
While releasing a new crypto coin a pre-created token for the coin will be sold to the network. Investors are invited to invest in these tokens in order to acquire the new cryptocurrency and to make it as legal tender. We can describe the term in another as Initial Token Offering (ITO).
(i.e) A cryptocurrency startup firm or an individual will offer some unit of cryptocurrencies or virtual token in an exchange against popular cryptocurrencies like Bitcoin or ethereum.
As just like the share market here the tokens are played the lead role in order to raise capital funds for new projects or business.
Usually, the Blockchain-based ICO will accept only the leading cryptocurrencies like bitcoin, and the ethereum. But in general Initial coin offering is referred as IPCO ( initial public coin offering) where fiat currencies are acceptable in order to exchange with virtual tokens.
The first ICO was for Mastercoin in 2013. Ethereum raised money with an ICO in 2014. ICOs are now extremely popular. As of May 2017, there were currently around 20 offerings a month, and a new web browser Brave’s ICO generated about $35 million in under 30 seconds. There are at least 18 websites that track ICOs.
So this is the strong proof that initial coin offering is the emerging and fast growing fundraising business opportunity among the crypto network.
Keep engaging with bitdeal to gather detailed information about Initial Coin Offering and other bitcoin business opportunities related to it!