What is an Initial Coin Offering (ICO)?
a) A way to mine new coins
b) A fundraising mechanism where new cryptocurrencies are sold to investors
c) A method of securing a blockchain
d) A government-issued cryptocurrency
Answer:
b) A fundraising mechanism where new cryptocurrencies are sold to investors
Explanation:
An Initial Coin Offering (ICO) is a fundraising method where new cryptocurrencies or tokens are sold to investors to raise funds for a project.