What are ICOs and should you invest in them?


Originally published at: https://wirexapp.com/what-are-icos-and-should-you-invest-in-them/

  In the past six to twelve months the cryptocurrency community witnessed a massive boom in so-called ICOs. ICO stands for initial coin offering and is the cryptocurrency markets’ equivalent of a stock IPO.   What are Initial Coin Offerings (ICOs)? Initial coin offerings (ICOs), also known as initial public coin offerings, crowdsales or token sales, are a new form of startup funding where a company raises funds by issuing its own digital token to early backers in…