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What is an ICO (Initial Coin Offering) and How Does it Work?

ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. Since 2013 ICOs are often used to fund the development of new cryptocurrencies.

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What is an ICO (Initial Coin Offering) and How Does it Work?

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  1. WHAT IS AN INITIAL COIN OFFERING (ICO)? ICOs are typically online fundraising activities for blockchain technology related projects. A project operator issues Digital "tokens" or "coins" to fund the project in exchange for a widely- used "cryptocurrency"(such as Bitcoin or Ether) or cash A project operator often sets out the business proposal and usage of raised funds in a so-called "white paper" People buying the tokens (i.e investors) can be entitled to certain rights of prospective blockchain project These new digital tokens may be made available to trade in "cryptocurrency" trading and platforms after the initial offering to enable secondary market transactions. These tokens are generally regarded as new "cryptocurrency". +917096499910 www.innvonix.com sales@innvonix.com

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