What is ICO?

Initial Coin Offering: crypto fundraising.

📖 Full Definition

An ICO (Initial Coin Offering) is a fundraising method where new cryptocurrency projects sell tokens to early investors. Popular in 2017-2018, ICOs raised billions but also led to many scams and have since been largely replaced by IDOs and IEOs.

💡 Example

Ethereum raised $18 million in its 2014 ICO, with ETH selling for around $0.30 each.

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