What is ICO ?

[roykiyosi]

Hello, i'm new here and i would like to understand what is Initial Coin Offering.
Why does it open and closes ? And what is it actually ?

Thanks a lot if someone can help me.  Smiley

[nagamerah]

I'm going to respectfully disagree and say that each one has the exact same problems of distribution. In mining, power costs vary from geomeric locality. So it is higher cost for some and lower for others, some also have a big monopoly on mining power, you can see this problem is prevalent in Bitcoin right now. The same happens with ICO's with who has the highest Bitcoin supply to there disposal, it is essentially the same problem with all distribution methods.

But again it's personal preference.

I really like the conversation though, it is great to see a miners perspective on distribution methods. I think these sorts of conversations will educate people.

[ayatoslaw]

An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company.

you can read more here:
https://bitcoinmagazine.com/guides/what-ico/

[primetalentcoin]

An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company.

you can read more here:
https://bitcoinmagazine.com/guides/what-ico/

useful information

[Anggit]

What I know about ICO stands for the Initial Coin Offering. The earliest initials, Coin means digital tokens / coins and offer offers, if needed specifically.

[Mehira01]

ICO stands for Initial Coin Offering or if in Indonesian it can be interpreted as "Prime Coin Offer". That is a kind of coin / token bidding method carried out by developers, startup companies / developing / advancing, to get funds from Crowdfunding as a project development fund.

[Crypto]

ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. Since 2013 ICOs are often used to fund the development of new cryptocurrencies.

Source: Google

[acmagbanua21]

Hello, i'm new here and i would like to understand what is Initial Coin Offering.
Why does it open and closes ? And what is it actually ?

Thanks a lot if someone can help me.  Smiley

ICO - Initial Coin offering , many projects in the crypto currecies industry do ICO in order to raise fund/support to their project . They usually advertise their project to pursue investor to invest in their ICO.

[trackermoney]

ICO stands for Initial Coin Offering. Initial means the earliest, Coin means digital token / coin and Offering means bidding, if it means overall means the earliest coin offer before launching to the free market. The purpose of the ICO is that this ICO is usually offered by developers where their goal is to raise funds to develop projects that they do in this case is digital coins. They need funds to force the projects they are doing so that they can develop quickly and can be completed as soon as possible.

[Collacell]

Ico is the initial coin offer or initial currency offer is a type of funding using cryptocurrency. Most of the process is done by crowdfunding but private ICOs are becoming more common.

[rsremove21]

i just like a opening sale. just like that. you can avail large discount and huge bonuses.

[Darksoul]

It's simple.  You have an interesting idea that you want to develop, but there is no money for it, so you attract investors, but investors are not interested just to invest money without return, therefore, in return, you offer them your project tokens, explaining that you have the best project and tokens after  project launch will cost at times more ...

[leodiaz]

ICO is a fundraising process carried out by one company. The way this ico works is by sending funds through an agreed method. After we send participants funds, participants will get tokens from the project.