ICO — in cryptocurrencies, this is a kind of presentation of the idea for a new cryptocurrency project, as well as fundraising for the implementation of that project. There are two types of ICO - a public ICO and a private ICO. In a public ICO, any user can buy the cryptocurrency tokens in accordance with the project's requirements (minimum / maximum investment amount, payment method, etc.); a private ICO is held when the team already has the required number of investors and, during the ICO, in private mode, distributes the tokens among them based on the funds invested in the project. The funds raised during the ICO are used to implement and launch the project, after which the investors receive their tokens, and the investors in turn can keep the tokens as a long-term investment, or sell them immediately on the first exchange that lists this token.
