What Is an ICO (Initial Coin Offering)? | Binance Academy - academy.binance.com

## 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.