What Is an ICO (Initial Coin Offering)? | Binance Academy - academy.binance.com ![rw-book-cover|200x400](https://readwise-assets.s3.amazonaws.com/static/images/article1.be68295a7e40.png) ## Metadata - Author: **academy.binance.com** - Full Title: What Is an ICO (Initial Coin Offering)? | Binance Academy - Category: #articles - Tags: #fundraising #web3 - URL: https://academy.binance.com/en/articles/what-is-an-ico ## Highlights - An Initial Coin Offering (or ICO) is a method for teams to raise funds for a project in the cryptocurrency space. In an ICO, teams generate blockchain-based tokens to sell to early supporters. This serves as a crowdfunding phase – users receive tokens that they can use (either immediately or in the future), and the project receives money to fund development.