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An Initial Coin Offering (ICO) is a fundraising method used by cryptocurrency and blockchain-based projects to raise capital for their development and operations. It involves the creation and sale of new digital tokens or coins to investors and early adopters in exchange for established cryptocurrencies like Bitcoin or Ethereum or fiat currency (traditional currencies like USD, EUR, etc.).
During an ICO, the project team typically releases a whitepaper that outlines the project's objectives, technical details, use cases, and potential benefits to investors. The whitepaper serves as a detailed document explaining the project's vision and roadmap, helping potential investors understand the potential value and utility of the new tokens.
Upcoming ICO refers to an Initial Coin Offering that is scheduled to take place in the near future but has not yet begun. These upcoming ICOs are often promoted and advertised by the project teams to attract potential investors and create interest in their project.
Investors interested in participating in an upcoming ICO would typically keep an eye on announcements from the project's official website, social media channels, and relevant cryptocurrency news outlets to be informed about the exact date and details of the ICO launch.