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ICO/IEO/STO 101, ICO For Beginners
Initial Coin Offering (ICO) is a phrase used when someone wants to create a new coin and starts raising funds. It's a startup in the crypto industry. Everyone can practice it, but it's important to take into account all advantages, disadvantages and risks. To start ICO it's necessary to come up with something new and inspiring, something that will interest the investors.
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By the development of blockchain technology, new concepts are becoming more and more difficult to assimilate. But it is rather dishonest, especially when most of the inhabitants of our planet have access to the Internet, to not be able to understand the most important terms and tendencies of the world of cryptocurrencies. One of these terms is ICO or Initial Coin Offering.
It is a process, which has become a synonym to the crowdsale. During it, new cryptocurrency’s coins are sold. It’s a modern format of startups’ investment, which eases the problem of monetization when the idea or project is on their development stage.
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