In a recent post we tried to figure out what blockchain is, but another equally interesting topic is ICO.
On inquiry, ICO or Initial Coin Offering (primary placing of tokens) is the release of a project intended to pay of coupons or tokens intended to pay for the services of a project in the future in the form of cryptocurrency.
The first thing you should remember, buyers do not receive shares in the company and in cannot influence internal administrative decisions in any way. In fact, the participants are financing the development of the company now in order to get some benefits from it in the future.
By issuing its own "money" and exchanging it for one of the most common cryptocurrencies, even for real currencies, a project can secure the financing it needs to launch or develop. Besides, by issuing currency for the project, it is possible to accelerate its development (as the introduction of money in antiquity has increased trade turnover) and automatically solve the problem of future monetization.
