What are ICOs?

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An alternative to raising money from the public through an. initial public offering or venture capitalists, ICOs are a form of crowdfunding, where the company issues a new virtual currency similar to bitcoin, in exchange for bitcoin and other popular cryptocurrencies, which can be used usually only on the platform the company is building. The total money raised through ICOs till the end of last year was under $300 million, but now it is more than ten times higher, at $3.8 billion. China and South Korea have banned ICOs and other countries could follow suit. 

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