The World Of Initial Coin Offering

Initial Coin Offering is an innovative way to raise money for a new project. It is commonly used by startups ( especially cryptocurrency projects ) to circumvent the rigorous and tightly regulated capital-raising requirements set forth by the VCs and banks. ICO works by selling a percentage of the initial coin supply among the early adopters and backers in exchange for legal tenders or other cryptocurrencies, typically Bitcoin or Ethereum.