ICO is a great way of raising funds for various cryptocurrency projects. It is an effective way that startups use in order to avoid the regulated and harsh capital raising process that banking institutions and capitalists need. In this campaign, certain proportion of the cryptocurrency is sold to the venture backers really early for other cryptocurrencies or even legal tender.
How it works
When a startup would like to raise money by means of the ICO (initial coin offering) , there must be a strategy and plan on whitepaper to signify the details of the venture . It should describe what the project is focused on, what the project really needs, what it targets at fulfilling perfection. It must also mention the money which will be required to carry out the full project and how much pioneers can get to keep.