What is Blockchain ICO?
Initial Coin Offering (ICOs) is a fundraising apparatus that exchanges or trades Cryptocoins or tokens in exchange for Cryptocurrencies of prime value. They are analogous to IPO (Initial Public Offering), but, where stocks are issued; crypto tokens are created and divided among the crowdfunding members. ICO coins are digital tokens or coupons that are issued on an immutable distributed ledger or Blockchain and aids in raising money.
ICO brings advancement in the traditional business enterprise funding model and has gained dominance within the Blockchain community in a short span of time. The ERC20 token standard that abstracts the development process essential to create a new cryptographic asset makes it easier to structure ICOs. The Financial Times defines ICO as,” Unregulated issuances of Crpytocoins where investors can raise money in Bitcoin or other Cryptocurrencies”.
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What is Blockchain ICO?
Reviewed by Blogger
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April 30, 2018
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Reviewed by Blogger
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April 30, 2018
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