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What are the tokens in ICO (what currency is ICO)

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What are the tokens in ICO (what currency is ICO)

What are tokens in ICO? Under the supervision of traditional financial institutions, issuing a new currency usually requires selling it to specific investors. And these investors will receive buybacks in the form of securities and profit from them. However, in ICO projects, if funds are not raised through ICO, there is no way to raise funds. So generally speaking, for companies that want to participate in ICO, they first need to submit a written application to the ICO company, and then the team will review it before deciding whether to initiate the payment Therefore, the technology adopted by ICO is also very simple: as long as there is a commitment from a company, it can provide them with a certain number or magnitude of tokens. After ICO issues the corresponding tokens, they can be used as a financing tool to raise more funds or allow them to use more funds for other purposes. But this does not mean that it can be used for any form of financing behavior

What is ICO?

ICO (Initial Public Offering) is a token issued by investment institutions, through which funds can be raised. Investors can use the funds raised by purchasing ICOs for project development and promotion ICO, translated in Chinese as IPO, means equity financing. Simply understood, it means selling a company or a specific entity or organization in the form of a new model, exchanging shares, and giving them back to investors in return. This form is similar to early Private property, but it will not be directly sold by listed companies or individuals; What’s more, it’s not like the aforementioned ICO, that is, issuing new shares, but just a form of negotiable securities. That is to say, its purpose is not to make profits, but to build a platform for itself and enterprises, so that everyone can sell stocks, funds and other investment products in the market.

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