An ICO, or Initial Coin Offering, is actually a process by which a brand new project sells their recently-minted copyright-tokens, generally in exchange for Bitcoin or ETH. This is analogous to crowdfunding, or an IPO (Preliminary Public Offering) where a start-up sells to initial shareholders. IPOs are designed to https://financefeeds.com/has-copyright-broken-the-sec-back-to-basics-on-what-is-a-security/