What is Initial Coin Offering?

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How can a person purchase ICOs? And why are ICOs important for new start ups?

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ICOs have the generic roots for crowdfunding around cryptocurrency and also a source of capital. A person has to use any Cryptocurrency to buy an ICO and this is why the Cryptocurrency Payment System is going up every day. ICOs are built on the technologies created by Ethereum. ICOs are created as sellable tokens that can be purchased by the users using existing cryptocurrencies like Bitcoin, Ether, etc.The new ICOs created will increase the value of the coin(in the form of a token). there are two types of ICO tokens, namely ASSET-BACKED CRYPTOCURRENCY and UTILITY TOKEN.

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