By the development of blockchain technology, new concepts are becoming more and more difficult to assimilate. But it is rather dishonest, especially when most of the inhabitants of our planet have access to the Internet, to not be able to understand the most important terms and tendencies of the world of cryptocurrencies. One of these terms is ICO or Initial Coin Offering.
It is a process, which has become a synonym to the crowdsale. During it, new cryptocurrency’s coins are sold. It’s a modern format of startups’ investment, which eases the problem of monetization when the idea or project is on their development stage.
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