Initial Coin Offerings – A Deep Dive - Krypto Keepsafes
Initial Coin Offerings (ICOs) are the crypto equivalent of the Initial Public Offerings (IPOs) for equities wherein a new digital currency is made available on the secondary market. In recent times, there has been a spurt of IPOs globally as start-ups look to go public in an economy which is gradually getting back to pre-pandemic levels. There has also been a huge rise in the number of ICOs, however this development has been met with considerable trepidation. Are ICOs really signs of an economic bubble? Do they look to disrupt venture capital to fund development? To answer these questions, it is necessary to understand the nuts and bolts of ICOs; these will be discussed in this blog.