What Is Ico and Its Importance Of Ico
If you’re reading this article, then chances are thatrnyou’ve probably heard of ICOs and know a little bit about Blockchainrntechnology. Blockchain is a revolutionary technology with huge potential inrnalmost every sector.
And ICOs are a great way for startups to take a steprninto the future and develop new innovative projects.
So, what is ICO? And Why should it be important tornyou?
Well, let’s find out. Here is everything you need tornknow about Initial Coin Offerings.
What is an ICO and What Do You DornWith It?
IPO vs ICO
rnrnLet’s say that your company is starting a new project.rnYou’ll need to do fundraising for it right?
Usually, companies will sell their shares in the stockrnmarket through something called an Initial Public Offering (IPO) or StockrnMarket Launch. Investors can buy these shares, and they get a portion of thernownership of the company.
Here, the company keeps the majority of the ownership,rnwhile giving a portion of it to other investors.
Initial Coin Offering (ICO), on the other hand, is therncrypto version of crowdfunding where startups offer ICO tokens in a crowd sale.rnWhen a company wants to start a new project such as a decentralized applicationrnor cryptocurrency, they can conduct an ICO and offer their coins to the public.rn
Unlike an Initial Public Offering, buying an ICO tokenrndoesn’t give you any ownership of the company. The investors don’t actuallyrninvest in the company but rather in a project idea of the company. So, how do investors make money off of an ICO? ForrnMore Details
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