friends tell me what is crypto ico ?

[heroic25]

Hi friends kindly tell me what is crypto ICO in easy and simple way

[SrEasts]

Basically ICO ( Initial Coin Offering) its the process where a project raises funds (money) to create a new cryptocurrency. Start ups do ICO's because it allows them not only to raise "easy" money but also to skip the traditional fund raising tedious process (because its very rigorous and regulated).

[heroic25]

is their any opportunity to earn good income by participating in crypto ICO

[AlexanderAnthony]

A cryptocurrency is a digital or virtual currency that uses cryptography for security. ICO is the abbreviation of initial coin offering. ICO is the cryptocurrency version of crowdfunding wherein it's one of the most easiest and efficient methods for individual companies to fund their projects and for inverstors to invest in projects where they see that will have a value in.

[roberthus]

Basically ICO ( Initial Coin Offering) its the process where a project raises funds (money) to create a new cryptocurrency. Start ups do ICO's because it allows them not only to raise "easy" money but also to skip the traditional fund raising tedious process (because its very rigorous and regulated).

The simplest way is like your initial payment for using your products. Your initial payment or deposit to enjoy your services.

[Catost]

is their any opportunity to earn good income by participating in crypto ICO

Yes it is. If you join an ICO, so you support a company that made the ICO, you have some benefits. Usually you will receive their currency. If the ICO succeeds, their coin's price will rise up and you will earn.
To earn good income, you need to choose the right ICO.

[heroic25]

are their any key point for crypto ICO  that there are good chances that crypto currency will succeed