What is ICO?
IPCO/ICO (Initial Public Coin Offering) or Initial
Coin Offering: it is a popular way to raise money for a new cryptocurrency
project by distributing a percentage of the initial coin supply among the early
supporters and backers.
An IPCO solves the problem of initial coin distribution,
since the supply goes to whoever has given money for the project development.
It has been controversial owing to a number of scams, but many successful
cryptocurrencies were funded through an IPCO.
Some of the popular
cryptocurrencies using this model include Ethereum, Bitshares, NXT, Mastercoin,
Factom, etc.
Previously, when a new coin had been released, there would be
a BitcoinTalk post (which is still largely the convention today) and then a
corresponding website where interested parties could find out about the
coin and where to eventually get said coin.
Please you can be scammed with ico if care is not taken.
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