An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. Its somewhat similar to an Initial Public Offering IPO in which investors purchase shares of a company.ICOs are a relatively new phenomenon but have quickly become a dominant topic of discussion within the blockchain community. Many view ICO projects as unregulated securities that allow founders to raise an unjus

Source and More information: What Is an ICO

Author: CryptScout.com