by Hodler Ash 
What Is An ICO In Cryptocurrency ?
Today the mode of using money and the trading of commodities changed. The revolutionary change occurs is the increasing popularity in cryptocurrencies and crypto marketing. There are many reasons for it like security, different fund rising plans, etc. Crypto world has many terminologies. It is used for easy reconciliation to the common users. Words like MOON, LAMBO, ICO important in the cryptocurrency world. ICOs are different kind of fund rising plan in crypto currencies. ICO meaning a fund rising system where you may able to raise millions within minutes.
What Is ICO Meaning ?
ICO full form as the Initial Coin Offering. It is the cryptocurrency’s world public crowd sale. Whenever a project needs to form a fresh coin or dapp, they can surely use ICOs for attracting a large number of investors into their economical world. ICO is the best chance for deposited because it has a lack of red tape and formality. More often than not, a company simply has to submit a whitepaper to qualify for an ICO. ICOs meaning something which helps many companies in the last two years to raise millions of dollars in mere seconds.
What Is ICO Offers ?
The ICOs are really revolutionary and have managed to complete many amazing tasks like :
They have provided the simplest path by which developers can get the required funding for their project. All can be deposited in a project.
Short History of ICO Meaning
Ripple was the first cryptocurrency distributed by an ICOs. In 2013 Ripple Labs started to develop the Ripple called payment system and form around 100 billion XRP token. Which The company sold for the development of the Ripple platform.
Several other cryptocurrencies have been funded with ICOs, for example : Lisk, which sold its coins for around $5mio in early 2016. Most prominent however is Ethereum. In mid-2014 the Ethereum Foundation sold ETH against 0.0005 Bitcoin each. With this, they receive nearly $20mio, which has become one of the largest crowdfunding ever and serves as the capital base for the development of Ethereum.
As Ethereum itself have the power of smart contracts, it creates and open the door for a new generation of Initial Coin Offering.
Pros And Cons Of ICO Explained
Pros
- ICOs give promising projects an opportunity to shine. The best example of this is the coin Ethereum.
- There is no unnecessary paperwork
- It is to establish a rapport between the project and their community.
Cons
- Less paperwork affect security
- There is a chance for DAO attacks.
ICO Conclusion
For a couple of years from now, ICOs have been a well discussed hot topic and I am hopeful that this ICO article will help you to throw some light on the subject for you. It is very interesting to watch how future ICOs pan out and the regulations in ICO become more and more strict. I have the hope that the increased regulations will surely give a positive effect by flushing out scammy ICOs.
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