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Initial Coin Offering

(ICO)

Initial Coin Offering, somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for ether.This is essentially crowdfunding on the ethereum platform.

ICOs involve the sale of cryptocurrencies to early backers of the project. Companies offering ICOs have to surpass a minimum earning threshold before the ICO or all money is returned to backers and the project fails.

 

Source: https://cryptominded.com/glossary-cryptocurrency-terms-need-know/     

 

 

 

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