How do ICOs work? – An explanation
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In this video we explain how Initial Coin Offerings (ICOs) work and how you can invest in them. We will also take a look at some of the best ICOs currently available, and explain which cryptocurrency they are based on.
An Initial Coin Offering (ICO) is a fundraising method in which a company or organization issues a new cryptocurrency or token in exchange for payment, usually in the form of a more established cryptocurrency such as Bitcoin or Ethereum. ICOs offer investors the opportunity to purchase tokens that can increase in value as the issuing company grows and develops. ICOs have become a popular way for startups and other organizations to raise capital, but it is important for investors to carefully research the ICO and the issuing organization before participating to limit risks such as scams or failed promises.
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