ICO is short for initial coin offering. It is a process to raise money for a crypto currency venture. The equivalent in the stock world is a primary offering of shares. Photo by Chris Liverani on Unsplash
Best regards, Niklas 🎈
I tried to look up what a primary offering of shares was, but I couldn't really understand it. But for this does it mean the money is raised to then invest in a new cryptocurrency?
If you are familiar with “new issue” that is the same as “primary offering”. You are right that here it means money is raised for investing in (“starting”) a new crypto currency.
For your company, club, school class, neighborhood, blog, hobby, interest, gaming clan, family, friend circle, sports team, study group...Get started in minutes. For free of course!
Ahh okay, I think I understand it now. Thanks! 🙂