I'm interested in understanding how crypto ICOs operate. Could someone explain the mechanism behind it and how it works in the cryptocurrency world?
            
            
            
            
            
            
           
          
          
            5 answers
            
            
  
    
    KimchiQueenCharmingKiss
    Wed Nov 13 2024
   
  
    An ICO serves as a fundraising technique employed by entities or initiatives aiming to procure funds for their endeavors.
  
  
 
            
            
  
    
    GeishaMelodious
    Wed Nov 13 2024
   
  
    During an ICO, a company introduces a novel cryptocurrency, which is frequently developed on the Ethereum blockchain.
  
  
 
            
            
  
    
    EtherealVoyager
    Wed Nov 13 2024
   
  
    This newly minted digital currency is offered to investors in return for traditional fiat money or other existing cryptocurrencies.
  
  
 
            
            
  
    
    CryptoBaron
    Tue Nov 12 2024
   
  
    The primary objective of conducting an ICO is to secure capital necessary for the growth and development of the company or project.
  
  
 
            
            
  
    
    KimchiChic
    Tue Nov 12 2024
   
  
    BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a wallet service.