What is an ICO (Initial Coin Offering)?

ICO or Initial Coin Offering is a fundraising program launched on behalf of a company or an individual to raise crypto funds. The project is usually related to the blockchain technology or cryptocurrencies, say coin & application development and service-oriented processes. The investors who are interested in the project start to invest in it with digital currencies.

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ICO or Initial Coin Offering,is a fund raising method using cryptocurrencies.Crowdfunding is mostly followed,but now a days private ICO's are becoming more common.It is a process by which cryptocurrency is sold in the form of "Tokens" to investor,in exchange of other cryptocurrencies or legal tender.The legal state of ICO is mostly undefined. The token is sold not as a financial asset but as a digital good. This is why ICO is often called “crowd sale”.

Benefits of ICO

ICO coins can be consolidated or subdivided.
As the supporters increases the fund raises respectively and so the investment as well.
The token introduction can be initiated in any country of the world.
The decentralized system makes no involvement of the central government and banks.

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