What is an Initial Coin Offering (ICO)?

An Initial Coin Offering (ICO) is a fundraising mechanism in which a company or organization sells digital tokens to the public, typically in exchange for cryptocurrencies such as Bitcoin, Ethereum, BNB Coin, or Stablecoins. These tokens are usually based on blockchain technology and can be bought and sold on cryptocurrency exchanges. The main difference between an ICO and an initial public offering (IPO) is that an ICO is focused on raising funds for a specific project or venture. In contrast,…