ICO is an acronym for Initial Coin Offering. It is an unregulated way by which funds are raised for a new cryptocurrency venture. It is usually used by businesses that are still in the infancy stages to bypass the regulated and challenging process which are mandated by banks and/or venture capitalists. Investors pre-allocate some quantity of cryptocurrency in the form of tokens in exchange for other cryptocurrencies like Ethereum and Bitcoin. If the ICO’s funding goal is met and the project becomes launched successfully, the tokens then become the functional units of cryptocurrency. This means that a function of ICO is to enable a cryptocurrency launch through procuring funds for…