How
do Initial coin offering works?
Initial
coin offering:
In the short term we call it as "ICO". It
is just similar like crowd funding or an IPO. Primarily ICO's are
executed to raise fund for a crypto project. Those projects are
mainly focused to release a new crypto coin to the blockchain.
It
works under the concept of "Smart Contracts ".
In
ICO These contract system will be split up into two
Smart
Contracts For Token - It defines the method
of transferring the Digital tokens and also the method of retrieving
the balance amount for an ethereum address.
Smart
contracts for Crowd Selling - It is a computer protocol which
instructs the people with a set of rules, And it defines the
procedures and structures while executing an ICO.
Crypto Token :
During the process of ICO, Tokens are used as an element to distribute the shares, in which the investors are invests.
For
more exact info refer this article >> Smart Contracts With ICO- A Turnkey Business Solution for New Digital Assets
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