What you need to
know about the ICO
May
be you have been hearing about the acronym ICO
but do not know what it is; there is no need to worry. This is acronym stands
for Initial Coin Offering, which is a free-for-all mean through which funds are
generated for new cryptocurrency venture. Cryptocurrency startups usually use
Initial coin offering in order to bypass the regulated and rigorous process
involved in raising capital. Banks also normally make use of this process in
order to cut off the protocols and processes involved in raising money for a
cryptocurrency venture. In fact, there are more to this, which you will learn
as you proceed on this post.
Understanding more about the ICO
After
knowing what an ICO is all about,
another thing you should consider is how to use it. If you are thinking of the
best way to make use of this process you are welcome. You will learn how to cut
off the rigorous and regulated processes involved in raising money for new
venture. When it comes to Initial Coin Offering campaign, percentage of the
said cryptocurrency usually sold to the people organizing the project. This
sale is done in exchange to either other cryptocurrencies or legal tender, but
mainly exchange for Bitcoin. When this campaign is being carried out, enough
cryptocurrency is generated for the new cryptocurrency venture.
Click here to know more about ICO
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