An Initial Coin Offering (ICO) is a form of crowdfunding or crowd-investing, where a company or organization raises capital by issuing and selling a new cryptocurrency or token to early backers. The funds raised from an ICO are typically used to finance the development of a new blockchain-based project or product.
Investors in an ICO receive tokens that can be used as a currency within the platform or service being developed, or as a form of investment with the expectation of future returns. The success of an ICO depends on the adoption and usage of the product or platform, as well as the market demand for the token. ICOs are highly speculative and carry a significant risk for investors, as there is no guarantee of future performance or returns.
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