What does virtual currency ICO mean

1. ICO is actually the instry term of blockchain. It is the abbreviation of initial coin offering. It is the concept of initial public offering (IPO) derived from the stock market. It is the first time that blockchain projects issue tokens to raise bitcoin, Ethereum and other common digital currencies.

2. ICO is very similar to IPO in form and final result
IPO is the initial public offering of a company. After IPO, the company can go to the securities exchange market for listing. Of course, there are various regulatory enforcement before and after the IPO, and the whole process is completed in reality
the difference of ICO is that the public offering party can be an indivial, a company, a community, or an institution. After the offering, it is listed and traded on the online virtual currency trading platform, such as smart star Witkey, XX eight, XX one proct, etc. the whole process is completed on the Internet
virtual currencies, such as bitcoin and Ethereum, have become fixed currency in circulation on the Internet, such as the US dollar in the real world. Most of the ICO process is not the project party selling its own equity, it should be said that it is the right to use, that is, the expected qualification of the future value of the proct
resources ICO internet post bar

3.

ICO (abbreviated as initial coin offering) is the concept of initial public offering (IPO) derived from the stock market. It is the behavior of blockchain project to issue token for the first time and raise bitcoin, Ethereum and other general digital currencies

brief introction to ICO:

ICO is a blockchain instry term, which is a common way to raise funds for cryptocurrency / blockchain projects. Early participants can get the cryptocurrency generated initially as a return

because the token has market value, it can be converted into legal currency to support the development cost of the project. The tokens issued by ICO can be based on different blockchains. The common issue is based on Eth and BTS blockchain, which provides bookkeeping service and value consensus to realize global issue and circulation

ICO participants are very important for the success of a project. They will publicize the blockchain project in the community, so that the tokens generated by it can obtain liquidity before the transaction starts. However, the most important value of ICO participants is still the potential benefits brought by the project development or the price appreciation after the token issue

extended information:

domestic prohibition:

at 3:00 p.m. on September 4, 2017, the people's Bank of China led seven ministries and commissions, including the Information Office of the people's Bank of China, the Ministry of instry and information technology, the State Administration for Instry and commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission, to issue the announcement on preventing the financing risk of token issuance (hereinafter referred to as the announcement)

the announcement points out that token issuance financing is essentially an unauthorized illegal public financing behavior, which requires that all kinds of token issuance financing activities should be stopped immediately from the date of the announcement, and at the same time, organizations and indivials who have completed token issuance financing should make arrangements such as refund

4.

Virtual currency ICO (abbreviated as initial coin offering) is a kind of blockchain, which is a common way to raise funds for cryptocurrency / blockchain projects. This kind of blockchain is a kind of data structure with relatively complex arrangement, and it is a kind of distributed ledger that can not be forged

virtual currency is different from check and telegraphic transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard

extended materials:

virtual currency refers to a kind of virtual money on the Internet. That is to say, the information flow or data flow that replaces the circulation of real money in high technology. Today, with the rapid development of information technology, real money is far from meeting people's demand for capital flow

blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system

blockchain is an important concept of bitcoin, which is essentially a disintermediated database, as well as the underlying technology of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of a bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block

reference materials: Network: virtual currency

Network: ICO

Network: blockchain

5. The coin circle is about the issuance, trading, speculation and all related activities of digital currency (virtual currency), as well as the indivial users or institutions involved. The common digital currencies are bitcoin, Leyte coin, etc. here bitcoin is the most heard by people, and many people participate in the trading of bitcoin at ordinary times. Bitcoin was proposed by Nakamoto in 2008. The total number of bitcoin is only 21 million, and its issuance does not depend on any organization. With the continuous mining of bitcoin, it will be more difficult to generate bitcoin in the future, and the cost of acquiring bitcoin may be higher than the price of bitcoin itself
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press

6. Pre ICO is a part of some ICO projects, that is, private placement. Generally, this part of tokens will not exceed 20% of the total amount. Generally speaking, the price of these tokens is lower than that of crowdfunding ICO, but not all ICO projects have pre ICO parts.

7. The so-called ICO, also known as the initial public offering of coins, takes bitcoin as the raising object. The project leader issues encrypted tokens to unspecified investors to finance the project. With the growth of beauty, social networking, Baijiu, athletics and other "wonderful" ICO projects, the bitcoin, represented by virtual currency, is also soaring. In April this year, bitcoin started to rise all the way from 6000 yuan. In August alone, bitcoin has set a new high price nine times, rising to 30299.99 yuan<

blockchain has existed as early as ten years ago

fundamentally speaking, the popularity of ICO cannot be separated from the support of bitcoin and other virtual currencies. In the case of "90% of ICO projects are unreliable", no matter what the ICO market is, even bitcoin and other virtual currencies, which are the objects of fund-raising, have been criticized for a long time

8. It's virtual currency