A simple overview of current and upcoming Initial Coin Offerings.
Current Crypto does not offer investment advice, or advice in general, the information below is from a third party and is purely for the curious among us.
What is an ICO?
Similar to an IPO (Initial Public Offering), where shares of a company are sold to institutional investors and usually also retail (individual) investors; an IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchange. Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. *Wikipedia
An Initial Coin Offering 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. Read more on Wikipedia.