One of the most popular terms in the blockchain industry is Initial Public Offering (ICO), which is analogous to the conventional business Initial Public Offering (IPO). The major difference is that the latter is more dependent on venture capitalists for it to kick-off while in the case of ICO, anybody can sponsor ― the only requirement is for them to own a cryptocurrency.
What is ICO?
An Initial Coin Offering (ICO) is an innovative and unique form of blockchain-based financing mechanism, which involves the issuance of a start-up stake (token) on a blockchain in exchange for investors cryptocurrencies. The component of the transaction is handled by blockchain protocols known as smart contracts. A smart contract is automated to execute a transaction based on the set criteria agreed by any two parties involved in a transaction.
ICO is another business disruption made possible by blockchain. It has been the major means of funding for blockchain related startups since 2017 when it star
What is ICO?
An Initial Coin Offering (ICO) is an innovative and unique form of blockchain-based financing mechanism, which involves the issuance of a start-up stake (token) on a blockchain in exchange for investors cryptocurrencies. The component of the transaction is handled by blockchain protocols known as smart contracts. A smart contract is automated to execute a transaction based on the set criteria agreed by any two parties involved in a transaction.
ICO is another business disruption made possible by blockchain. It has been the major means of funding for blockchain related startups since 2017 when it star
