ICOs are a great way for startups to raise initial capital for their crypto based business opportunity. It has all the benefits of blockchain technology embedded into it; its decentralised, borderless, trustless and is quick.
ICO is a way for cryptocurrency development firm to reach large number of investor (people) by raising a certain amount of money in the interest to grow and expand the company. This is similar to IPO where a part of company shares are sold to public for same reason. But through ICO, company solds currency like Bitcoins to their supporters called early investor and they buy in the hope to get atleast double the amount of money they had bought.
While people mostly associate Blockchain with cryptocurrency like BitCoin, we utilize the technology in a variety of additional use cases including financial services, supply chain, retail, logistics. We build side projects and do research with cutting-edge blockchain and crypto technologies.