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What does ICO mean in the cryptocurrency circle (ICO currency)

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In the cryptocurrency circle, what does ICO mean? ICO refers to the financing t

What does ICO mean in the cryptocurrency circle (ICO currency)

In the cryptocurrency circle, what does ICO mean? ICO refers to the financing through the issuance of securities and is generally understood as a form of fundraising. Common methods used in the blockchain industry include: 1. Establishing a partnership between the project party and the developer, 2. ICO as a fundraising method, 3. Investors can invest in the early stages of the project through ICO, 4. ICO is a risk warning mechanism based on information asymmetry.

ICO, also known as Initial Crowd Offering, refers to the first public offering of shares. ICO refers to the circulation, sale, purchase, or disposal of company equity as an asset category. ICO also refers to the public release of a token for activities such as paying interest and selling other financial instruments.

ICO currency

According to statistical data, the main ICO currencies in the current market include IEO, STO, and IEO (Initial Token Offering). The initial ICO price of EOS is 0.026 yuan/token, followed by XRP with an initial ICO price of $0.048. The price increase of other ICO currencies is not significant. In addition, due to the hot ICO market, many investors cannot fulfill their commitments, so many investors have begun to sell the digital currencies they hold for ICO fundraising. According to statistics as of March 30th this year, a total of 17 projects worldwide have completed the first round of ICO fundraising, with a total financing amount exceeding 100 million RMB (approximately 1% of the global ICO market value). Since 2018, 11 exchanges have conducted pilot programs, with a cumulative fundraising of over 2 billion yuan.

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