what is ICO?

what is ICO?

The abbreviation ISO stands for Initial Coin Offering, that is, the primary placement of coins (tokens). During the ICO, the project team sells digital tokens for cryptocurrencies or Fiat money among investors. Later, these coins can be used on the project platform as an internal currency or traded on exchanges. Also, the term "carousel" (eng. - crowdsale).

What the purpose of the projects is carried out ICO?

By issuing your own tokens and trading them for popular cryptocurrencies (like bitcoin or Ethereum) or Fiat currencies (dollars or euros), the project attracts the funding needed to launch or develop.As a rule, ICO is carried out at the early stages of the projects ' existence, before creating their full-fledged infrastructure. The raised funds are used to Finance the final stage of development, marketing or are sent to special development funds to support projects in the long term.