Olga Zeveleva
December 2017.
31

What is an ICO?

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"ICO" refers to "Initial Coin Offering", or the initial offering of coins (tokens). This is a form of crowdfunding that uses cryptocurrency.

During an ICO, a project team sells digital tokens to investors in exchange for cryptocurrency. Like in the case of other crowdfunding models, during an ICO participants fund the development of a company in order to then profit from that company in the future. Investors can also profit from reselling tokens for a higher price than the price at which they bough them.

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