What are Initial Coin Offerings?
July 5, 2017 Business LawHow to Raise Seed Capital as a Crypto Start-up An Initial Coin Offering (ICO) is the means by which cryptocurrency start-ups raise their seed capital. The process is unregulated and avoids both the scrutiny and accountability demanded by banks and venture capitalists. Backers purchase the new cryptocurrency for cash or Bitcoin at an introductory rate,…