A first coin offering (ICO) is a questionable mean of crowdfunding focused around cryptocurrency, which can be a source of funding for startup firms. In an ICO, an amount of the crowdfunded cryptocurrency is preallocated to financiers in the form of "tokens", for legal tender or various other cryptocurrencies such as bitcoin or ethereum. These tokens allegedly become useful units of currency if or when the
ico list funding goal is fulfilled and also the project launches.