The world’s simplest explanation of ICOs

  • ICO stands for ‘ initial coin offering ’, taken from the popular Wall Street acronym IPO (or ‘ initial public offering ’).
  • An IPO is when a private company ‘goes public’ and offers its shares to everyday people through a stock exchange like the FTSE 100, Dow Jones, New York Stock Exchange or the NASDAQ.
  • Once the company’s shares are trading on the stock exchange, the price of the shares moves up and down as people buy and sell to each other.
  • After the ICO, the coins are listed on a cryptocurrency exchange and the price moves up and down as people buy and sell to each other.

Read full article: medium.com

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