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ICO

An Initial Coin Offering is somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for some cryptocurrency. This is essentially crowdfunding in exchange for a token.

What is the structure of an ICO company? A typical ICO company has a website and a whitepaper, but no functional product.

What is the difference between ICO and IPO? ICOs are decentralized, with no single authority governing them and they are much freer in terms of structure than IPOs.

Interesting facts

  • The first token sale (also known as an ICO) was held by Mastercoin in July 2013.
  • Brave (a free and open-source web browser) raised $35 million in 30 seconds.
  • The largest ICO was the crowd sale of EOS currently holding the crypto industry record having collected 651 902 Ether ($170 million) in the first 5 days of the campaign. It has raised $4 billion at the end of the campaign.