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What is an Initial Coin Offering (ICO)?

Find help on Initial Coin Offerings and the like
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What is an Initial Coin Offering (ICO)?

February 11th, 2018, 2:30 am

An initial coin offering (ICO) is a controversial means of crowdfunding centered around cryptocurrency which can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is preallocated to investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens supposedly become functional units of currency if or when the ICO's funding goal is met and the project launches.

ICOs provide a means by which startups avoid costs of regulatory compliance and intermediaries, such as venture capitalists, bank and stock exchanges. while increasing risk for investors. ICOs may fall outside existing regulations or may need to be regulated depending on the nature of the project, or are banned altogether in some jurisdictions, such as China and South Korea.

On January 30, 2018, Facebook banned advertisements for ICOs as well as for cryptocurrencies and binary options.

Source: Wikipedia

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