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Initial coin offering logo

initial coin offering logo

Initial Coin Offering (ICO) is a unique way of raising money for startups. In order to keep them legitimate, they must comply with KYC and AML regulations. Short for Initial Coin Offering, an ICO is a type of crowdfunding, or crowdsale, using cryptocurrencies as a means of raising capital for early-stage companies. An initial coin offering (ICO) is an unregulated means by which funds are raised for a new cryptocurrency venture.

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The meteoric rise of ICOs during drew backlashes from a series of governmental and non-governmental entities in early Sept. In other cases, there is a static supply of ICO tokens but a dynamic funding goal—this means that the distribution of tokens to investors will be dependent upon the funds received i. In some cases, a company sets a specific goal or limit for its funding, which means that each token sold in the ICO has a pre-set price and that the total token supply is static. This means that an ICO investor will need to already have a cryptocurrency wallet set up for a currency like bitcoin or ethereum, as well as having a wallet capable of holding whichever token or currency they want to purchase. And since they are not regulated by financial authorities like the SEC, funds that are lost due to fraud or incompetence may never be recovered. initial coin offering logo

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Felix XEIIPosted on 10:12 pm - Oct 2, 2012

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