Nov 28, 2019
ICO development -- crypto-driven funding
An ICO is a way to raise funding through the usage of cryptocurrencies. It is most popular in projects that have not fleshed out their blockchain platform, service, or product. Development is an expansive process that evolves over time. Generally, Ethereum or Bitcoin is used for payment purposes, but in specific cases, other crypto or fiat currency is also made use of. Investors take part in initial coin offerings hoping for success, driving demand and causing the underlying tokens to appreciate in value. In simple words, they hope to obtain a good ROI as preliminary supporters of that specific cryptocurrency project.