ICO stands for Initial Coin Offering, which is a fundraising method used by cryptocurrency startups to raise capital for their projects. ICOs involve issuing and selling a new cryptocurrency token in exchange for existing cryptocurrencies such as Bitcoin or Ethereum or even fiat currency. ICO tokens are often used to represent a specific utility or asset, such as a service or product offered by the company, and can be traded on cryptocurrency exchanges once the ICO has been completed.
An ICO launchpad is a platform that helps blockchain projects to raise funds through initial coin offerings (ICOs) or initial exchange offerings (IEOs). ICO launchpads provide a range of services to help blockchain projects launch their ICO or IEO, including: Technical expertise, Marketing and promotion, Token sale platform, Investor outreach and Legal compliance.