John McAfee tweeted “Tomorrow I will announce the ICO of the week”
Tomorrow I will announce the ICO of the week. My staff and I have scoured dozens of ICOs. In case we missed yours and you would like your company's ICO to be considered, send white paper and ICO website to IcoRecommendations@gmail.com.
And for short termers: Coin still coming.
— John McAfee (@officialmcafee) December 31, 2017
DEFINITION of ‘Initial Coin Offering (ICO)’
An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.
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