ICO’s Greatest Failures

An Initial Coin Offering (ICO) is heavily used by startups to avoid the excessively regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for tender or cryptocurrencies, mainly Bitcoin. This system has been widely used by new businesses all over the world, and its results may somehow be disappointing.

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