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What Happens at a Crypto ICOAn initial coin offering (ICO) is a new crowdfunding approach used by blockchain companies. Companies usually create their own virtual currencies or tokens and. Investing in Initial Coin Offerings (ICOs) can be a lucrative way to get in on the ground floor of the next big thing in the cryptocurrency. Discover the ongoing ICOs, IEOs, IDOs, parachain auctions and associated crowdloans on Polkadot and Kusama.