ICO stands for Initial Coin Offering. It is a popular term in the cryptocurrency space used to refer to fundraising for the creation of a new coin.Think about it as a company seeking to create a new coin but do not have enough capital.It then decides to make this project open to the public with promises of profit to anyone who supports the project with funds.This profit will be determined by how well the new coin fares in the market.ICO is common among startups desiring to provide products and services in the cryptocurrency\/blockchain space.While some ICOs have yielded huge profits for investors, many others have turned out to be a scam or did not perform well.1.Ethereum\u2019s ICO in 2014 raised $18 million over a period of 42 days.We can say that this is the most successful ICO in history as Ethereum is doing very well today.It also opened the channel for more ICOs.At its launch, Ether was priced at $0.67. Now it trades at $379.81 (as of Oct. 21, 2020). Pretty cool, right?2. NEO\u2019s ICO of 2015\u20132016 raised about $4.5 million.Many early investors received huge ROI as NEO increased in value.At the time of its offering, the price of NEO was about $0.03, but today it is traded at $17.19. It was once traded at $187.40.3. Dragon Coin\u2019s ICO of 2018 received a whooping sum of $320 millionMoving on, we will see how Initial Coin Offering Works.Keep reading!Launching a new coin is easy. One can generate cryptocurrency tokens in a short time.The steps involved in organizing an ICO include the creation of whitepaper, collection of funds, generation of tokens, and then distributing them to investors according to plan.A whitepaper provides information on the coin being created.It is where the company states:What the project is aboutProblems it will solveThe amount of\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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