An Initial Coin Offering (or ICO) is a method for teams to raise funds for a project in the cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... space. In an ICO, teams generate blockchain-based tokens to sell to early supporters. This serves as a crowdfunding phase – users receive tokens that they can use (either immediately or in the future), and the project receives money to fund research, development, marketing and more.
