What is an Initial Coin Offering (ICO) and how does it function?
The rise of digital currency and cryptocurrency has reshaped the financial and banking industries. With the rise in bitcoin usage in the real world, Initial Coin Offerings (ICOs) have emerged. An initial coin offering (ICO) is a technique of generating funds for startups that use blockchain technology. ICOs are now used by all technological fields, particularly those related to blockchain, to raise cash for their enterprises. When a new blockchain project, like as an app or another technology that uses blockchain, is released into the open market, the adaptability of initial coin offerings increases rapidly. As a result, supporters of that project can buy the project's "token" with their digital currency or fiat money.