What Is an Initial Coin Offering (ICO)?

Initial Coin Offering (ICO) is a term used for a new and relatively new fundraising method by which the cryptocurrency industry hopes to raise money in order to fund the creation of a new cryptocurrency or blockchain-based project.

This is similar to an initial public offering (IPO), except that the money raised through an ICO differs from the money raised through an IPO 

Because it is intended to fund the development of a blockchain-based project and its marketing, promotion, and distribution. 

The term “Initial Coin Offering” can be used to refer to both an IPO and an ICO because they have some differences. 

An example of an ICO would be that of Gemini, which has its own digital asset, called the GUSD. They raised $24 million during their successful fundraising process. 

An example of an IPO would be Lightspeed Holdings, which succeeded in raising $100 million dollars through its IPO process