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Includes initial coin offerings (ICOs)

Initial coin offerings (ICOs) are a type of crowdfunding campaign in which a company issues a new cryptocurrency or digital token to raise funds for their project. During an ICO, investors can purchase the newly created tokens using established cryptocurrencies like Bitcoin or Ethereum, or sometimes with fiat currency. In exchange for their investment, investors receive a predetermined number of tokens, which can potentially increase in value if the project is successful. ICOs have become a popular way for startups to raise funds, but they are also controversial due to their lack of regulation and the high number of scams and fraudulent offerings that have emerged in the space.