Initial Coin Offering
(ICO)
A fundraising method where a project sells new tokens to early backers.
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What is an ICO?
An Initial Coin Offering, or ICO, is a way for a project to raise funds by selling a new token to the public, often before the product is finished. Buyers hope the token will be useful or valuable later.
Things to keep in mind
ICOs can carry significant risk, as many early projects fail and some have been outright scams. Regulation of token sales has tightened in many places since the ICO boom of 2017.
Related terms
The process of verifying a customer's identity to meet regulatory requirements.
The property of blockchain records being extremely difficult to change once confirmed.