What is An Initial Coin Offering? Raising Millions In Seconds
Share and get +16 +16 Initial Coin Offering (ICO) is the cryptocurrency’s world public crowdsale. Whenever a project wants to launch a new coin or dApp, they can conduct an ICO to attract investors into their ecosystem.ICO DefinitionThe most alluring part of ICOs is the lack of red tape and formality. More often than not, a company simply has to submit a whitepaper to qualify for an ICO. Companies have been able to raise millions of dollars in mere seconds, thanks to ICOs.In fact, the amount of money that ICOs have raised over the last two years is truly astonishing. In 2017, ICOs raised a total of $5.6 billion. If that sounds shocking to you then think about this.ICOs have already raised $6.3 billion, 4.5 months into 2018 alone!After seeing all these stats, it makes sense as to why more a...