What does ICO trading mean (on which platform do ICO coins trade)
What does ICO trading mean? ICO is a means of raising funds by issuing a new token. It is a way of selling in the form of digital currency on the blockchain. This method is called “first time securities purchase” and is a new financing model based on distributed accounting technology The first thing to say is that this project is not a traditional equity investment, but rather uses private equity funds to raise funds; The second type is to sell or sell assets such as stocks, bonds, and any other forms of assets in the open market; The third purpose is to provide a platform for investors to invest and manage these assets; The fourth function is to enable companies or individuals to directly obtain profits from their company’s equity, allowing them to use their equity to contribute to the enterprise. At the same time, they can also invest some of their shares in other businesses, such as the real estate industry, insurance industry, and so on On December 18, 2018, ICOCoin announced the completion of its first round of financing. Investment institutions include Goldman Sachs, Citigroup, Japanese financial giant SBI and other internationally renowned banks, as well as Nomura Securities, one of the largest private equity funds in China. It is reported that the main trading platforms of ICO coins are: Huobi, OKEx (Ontology) and BitMax Exchange
According to official information, the number of users in Chinese Mainland is the largest, followed by South Korea, the Philippines and Vietnam; In addition, Hong Kong, China has the lowest number of users, accounting for about 20%, ranking first.
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