Initial Coin Offerings are a popular way to raise funds for products and services commonly associated with cryptocurrencies.
ICOs are similar to initial public offerings, but coins issued as part of an ICO can also be useful for a software service or product.
Several ICOs have generated income for investors. Many others have proven to be scams or have performed poorly.
To participate in an ICO, you usually need to first purchase a more established digital currency, as well as have a basic understanding of cryptocurrency wallets and exchanges.
ICOs are, for the most part, completely unregulated, so investors should exercise a high degree of care and discretion when researching and investing in them.