The process of Initial Coin Offering Development has been embraced by startups to gain funding by using cryptocurrencies.
The first ICO was by Mastercoin in 2013. ICO’s peaked between 2016 and 2018 where a whopping amount of $28 billion was raised by 1601 different ICO projects. They have been popularly called as a viable fundraising method for the future as they are not subject to direct taxation. Some of the biggest ICO’s have been Filecoin, Tezos, EOS, and Bancor. ICO’s can be either private or public. Follow the link to know more -
