ICOs, better known as Initial Coin Offerings. They've become popular fundraising mechanisms within the cryptocurrency and blockchain space to raise capital. During an ICO, the project sells a portion of its newly issued crypto tokens to early backers in exchange for legal tender or other cryptocurrencies, often Bitcoin or Ethereum. This process allows investors to support new initiatives with the potential for profit, should the project succeed and the value of its tokens increase.
ICO
A simple way to sell tokens. Ethereum’s DeFi sector is vibrant and growing, with many projects presenting sophisticated proposals for putting financial services on the blockchain. Among these, the problem of fundraising—selling tokens to support projects—remains evergreen, with many ideas (DAICOs, Continuous Organizations, and various flavors of
Blockchain
Doing an “ICO” increasingly seems to be the yardstick by which progress (or even, dare I say, success) is measured in the Ethereum space. So, as Colony was one of the very first projects to be announced on Ethereum, we get asked when Colony’s sale will be — a lot.