Blockchain Made Simple: What is an ICO?

Blockchain Made Simple:

Blockchain is one of the hottest sectors in the market, yet few investors really understand what the blockchain is, and how it works. This is why DMG Blockchain Solutions is presenting Blockchain Made Simple. Hosted by Dan Reitzik, Blockchain expert and CEO of DMG Blockchain Solutions; Blockchain made Simple is a series of fun, easy to digest videos, answering questions like What is Cryptomining? How can Blockchain be used in banking? And How are Bitcoins created and earned?

What is an ICO?

An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new
a new business, Bob’s Co.,  sells a digital “Bob’s Co coin” in exchange for cryptocurrency or cash. It’s similar to an Initial Public Offering, or IPO, in which investors purchase shares of a company but doesn’t get you an ownership stake in the company; instead you are betting that the underlying “Bob’s Co. coins” will be used in high volume and will increase in value. Investing in ICOs can be risky because the vast majority of them are not regulated.

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