What is an ICO? Everything you need to know

The first thing anyone needs to know about ICOs is that they’re no longer called ICOs.  You may remember the mania-fueled days of 2017 when projects with little more than a whitepaper raised over a million dollars in less than a day with an initial coin offering, an ICO. Some of these ICOs proved to be outright scams, whereas others were legitimate and the funds garnered helped to launch some of the most successful blockchain projects.

Today blockchain technology is safely facilitating investing outside of traditional capital markets. Crypto tokens facilitate capital formation and provide incentives within blockchain networks.  Token sales have become an essential part of the crypto economic ecosystem and how projects rise to prominence.

About the author

Ray Mayo is Tokenization Lead at Republic

History of the ICO

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