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What the Hell Is an Initial Coin Offering? - MIT Technology Review



The ICO boom looks a lot like a bubble, but at its heart is a genuine innovation.

"Initial coin offerings are all the rage. Dozens of companies have raised nearly $1.5 billion via the novel fundraising mechanism just this year. Celebrities from Floyd Mayweather to Paris Hilton have jumped on the hype train. But don’t feel bad if you’re still wondering: what the hell is an ICO?...

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