What is going to happen to ICOs in 2018? Will 2018 bring the death of ICOs or will ICOs continue to flourish?

2017 witnessed the upstart of ICOs – initial coin offerings – and many believe that ICOs are the driving factor behind why there are so many aLTCoins in circulation now. What, then, will 2018 bring to the table? ICOs probably aren’t going anywhere anytime soon, but it may be time to update the way crypto receives initial funding.

What is an ICO?

First, it’s important to understand what an ICO is.

An ICO works similarly to crowdfunding platforms like Kickstarter – except, it’s for a decentralized concept and instead of receiving a product or company share for your investment, you receive tokens. The tokens are for the new cryptocurrency that the ICO is creating. Many ICOs are also creating a blockchain-powered movement to incorporate the token into, such as what Medicalchain is doing.