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ICO

BiyaPay
Published on 2023-07-14 Updated on 2024-11-04
ICO (abbreviation for Initial Coin Offering), initial currency offering, originated from the concept of initial public offering (IPO) in the stock market.
ICO is a blockchain industry term and is a common way to raise funds for cryptocurrency/blockchain projects, from which early participants can receive initial generated encrypted digital currency in return.
Since tokens have a market value, they can be exchanged for legal tender, thereby supporting the development costs of the project. Tokens issued by ICO can be based on different blockchains. The common ones are issued based on the Ethereum (ETH) and BitShares (BTS) blockchains, which provide bookkeeping services and value consensus to achieve global issuance and circulation