An Initial Coin Offering or ICO for short is a type of cryptocurrency funding mechanism that acts similar to an Initial Public Offering similar to a public company but through a decentralized blockchain. Although a private ICO that does not seek public investment is also conceivable, it is frequently a sort of crowdsourcing. In an ICO, a certain amount of stable cryptocurrencies are offered as “tokens” to investors or traders in return for fiat money or other cryptocurrencies.
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