ICO means initial coin offering and normally it is supposed to be used by the company to raise capital for their start-up but these days what we have is that many ponzi scheme operators or fraudsters now use initial coin offering to extort money from people
There are hundreds of ICO that are now coming out almost every week and only about less than thirty percentage are reliable and truly genuinely a company that is really ready to launch their cryptocurrency which means that out of every ten ICO only three of them can be trusted and invested on
Please note that the 30% which i mentioned is my own personal observations based on my personal analysis but i am not that very far from the truth which is that many ICO these days are just looking for investors to defraud and after the ICO ends the operators will just run away
So my advice to people is that they should always do their own investigations about an ICO before they invest on them because a Good ICO have so many advantages for an investor while a bad ICO will only drain the pocket of the investor