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ICO has been one of the most sought after methods of raising funds for a cryptocurrency venture. It gained immense support from the online communities and more than $3 billion were raised in ICOs during the first 9 months.

Initial Coin Offering is a fundraising process for enterprises, whether big or small, new or well-established. This allows businesses to raise funds for investors worldwide, gain traction, and grow their business. This digital way of raising money can be very useful for innovative business ideas, and the money raised from it is in the form of tokens, which can be exchanged easily.