Initial Coin Offerings (ICOs) are a form of crowdfunding that uses cryptocurrencies, such as Bitcoin, as a means of raising capital. ICOs are typically used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO, a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin. The ICO market has grown significantly since its inception in 2013, with the total amount of funds raised through ICOs surpassing $20 billion in 2018. ICOs have become a popular way for blockchain-based projects to raise capital, as they provide a more accessible and transparent way for investors to participate in the development of a project. Companies in the ICO market include Ethereum, Bancor, Tezos, EOS, and Filecoin. Show Less Read more
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