![]() ![]() ICOs usually use the Ethereum platform to set up the token sale. How will the tokens be sold in the ICO be distributed?.How much money is needed for the project?.The whitepaper is a document that describes several important aspects of the project: When a cryptocurrency company wants to launch a new project through an ICO, it creates a whitepaper. Once the project launches, you will be able to use the tokens or sell them for a profit. The general idea is that if you believe the project will succeed, you buy the tokens that power the project beforehand at a discount. ICOs, on the other hand, sell cryptographic coins, also known as tokens, as a way to fund a specific project. The purpose of an IPO is to sell stocks of the company in order to raise capital from the public. The term derives from the traditional finance term, IPO (or initial public offering).Īn IPO is used to describe the launch of a new company on a stock exchange, also known as going public. For a more detailed explanation keep on reading, here’s what I’ll cover: ICOs are unregulated and hold a lot of risk for uneducated investors. The tokens are sold at a discount and later on may be used within the project or sold for a profit. Don’t Like to Read? Watch Our Video Guide InsteadĪn ICO is a fundraising operation for a project through the sale of cryptographic tokens. This post explains everything you need to know about ICOs. ICO, or Initial Coin Offerings, are a form of fundraising through distribution of cryptographic tokens by a company. ![]()
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