ICO stands for Initial Coin Offering. A crypto version of an initial public offering or an IPO. An initial coin offering is used to raise money for a project that needs capital to start, for further business operations or to innovate. Ethereum, EOS, among others altcoins, owes its foundation to an ICO. Unfortunately, there are many scammers who start an initial coin offering and then leave with all the raised money and leave many victims. This is mainly due to the fact that there is still little or no regulation and supervision on the ICO’s and the market.