WHAT IS ICO
ICO STANDS FOR INITIAL COIN OFFERING. WHEN A CRYPTOCURRENCY STARTUP FIRM WANTS TO RAISE MONEY THROUGH AN INITIAL COIN OFFERING (ICO), IT USUALLY CREATES A PLAN ON A WHITEPAPER WHICH STATES WHAT THE PROJECT IS ABOUT, WHAT NEED(S) THE PROJECT WILL FULFILL UPON COMPLETION, HOW MUCH MONEY IS NEEDED TO UNDERTAKE THE VENTURE, HOW MUCH OF THE VIRTUAL TOKENS THE PIONEERS OF THE PROJECT WILL KEEP FOR THEMSELVES, WHAT TYPE OF MONEY IS ACCEPTED, AND HOW LONG THE ICO CAMPAIGN WILL RUN FOR.
WHAT IS CRYPTOCURRENCY
CRYPTOCURRENCY IS A FORM OF DIGITAL MONEY THAT IS DESIGNED TO BE SECURE AND, IN MANY CASES, ANONYMOUS. IT IS A CURRENCY ASSOCIATED WITH THE INTERNET THAT USES CRYPTOGRAPHY, THE PROCESS OF CONVERTING LEGIBLE INFORMATION INTO AN ALMOST UNCRACKABLE CODE, TO TRACK PURCHASES AND TRANSFERS.
WHY CRYPTOCURRENCY
CRYPTOGRAPHY WAS BORN OUT OF THE NEED FOR SECURE COMMUNICATION IN THE SECOND WORLD WAR. IT HAS EVOLVED IN THE DIGITAL ERA WITH ELEMENTS OF MATHEMATICAL THEORY AND COMPUTER SCIENCE TO BECOME A WAY TO SECURE COMMUNICATIONS, INFORMATION AND MONEY ONLINE.
HOW IT WORKS
IF YOU START A NEW CRYPTOCURRENCY, YOU CAN OFFER ICO PROGRAM FOR A FEW DAYS. AFTER THAT WHEN YOU HAVE COMPLETE THE ICO THEN YOU CAN OPEN IT FOR TRADING AND EXCHANGING. SO, PEOPLE CAN USE IT AS DIGITAL CURRENCY SAME AS BITCOIN , ETHEREUM AND OTHERS.
DEMO
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