Whats an ico

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What is an ICO - BIG Risks of an Initial Coin Offering Explained
Initial coin offering. So what is an ICO? This means that the financing of the project did not begin in a standard way with the investment of business angels or funds, but with a sale. An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies. It is often a form of crowdfunding.

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New to Bitcoin? Retrieved June 5, To help avoid ICO scams, you can:. The tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project successfully launches.