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Step By Step Guide To Be An ICO Millionaire!Short for Initial Coin Offering, an ICO is a type of crowdfunding, or crowdsale, using cryptocurrencies as a means of raising capital for early-stage companies. A guide of all of the information we collected about the ICO process, with input from people who experienced the process first hand. Commonly, ERC tokens are bought, sold, exchanged, or traded on cryptocurrency exchanges. They are storable in any Ethereum compatible wallets.