What is ICO?
ICO (Initial Coin Offering), also know as IPCO (Initial Public Coin Offering) is crawdfunding where funds are raised for a new cryptocurrency or new digital asset, in this process a percentage of the cryptocurrency is sold for other cryptocurrencies in most cases “Bitcoin” to people who are willing to invest in specific cryptocurrency. This gives cryptocurrency owners needed money for development and campaign to be successful.
Who is participating in ICO?
Investors are motivated to buy the cryptocoins in the hope that it becomes succesfull atfer launch and that would lead to higher cryptocoin value and more money to investors. Ethereum was launched via ICO, in 2014 the project was announced and it’s ICO rased $18 million in Bitcoin or $0.40 per Ether. The project went live in 2015 and now it’s worth around $250.
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