nkor What is ICO and pre-ICO

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What is ICO and pre-ICO ?

An Initial Coin Offering (ICO) has become a favorite way to raise funds for projects that based on blockchain and cryptocurrencies.  An ICO is a crypto coin crowdsale, where a blockchain-based project allows enthusiasts and supporters to participate in the project by purchasing part of its tokens in advance. ICOs typically take place in the early phases of a project. The idea is that instead of raising traditional funding from a bank or investors, a company that sells tokens to its customers ensures those customers better aligned with the company’s goals and success.

What is a blockchain ?

A digital ledger in which transactions made in bitcoin or another cryptocurrency recorded chronologically and publicly.  A blockchain facilitates secure online transactions.  A blockchain is a decentralized and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network.

What is cryptocurrency ?

A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer. A defining feature of a cryptocurrency and arguably its most endearing allure is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.