What is an ICO (Initial Coin Offering)?
An Initial Coin Offering (or ICO) is simply a cryptographic token, like stock, which is stored in a piece of wallet software. It allows investors to cash in on some of the projected value of a cryptocurrency in the event of its success, without handing over any ownership or control. In other words, it gives backers cryptocurrency capital in exchange for real money, and investors are often given exclusive access to key parts of the business they invest in. An ICO’s value is created by the value of the economy in which it was created. They are unregulated (like bitcoins) but exchanges for cash are often unencrypted (unlike bitcoin) and this means that exchanges are less prohibited and much more easily made.