ICO Cryptoknowmics

ICO stands for "Initial Coin Offering". It is an innovative form of efficient and simple fundraising. An ICO is similar to an IPO in the stock market. Any individual or a company can easily ask for funds by the public or even become an investor himself/itself. Every ICO has two compulsory aspects – blockchain controlled transactions and a predetermined amount of new crypto unit (token/coin) have to be issued.