Crowdsales in the cryptocurrency space are fundraising events where projects sell their newly minted tokens to the public in exchange for established cryptocurrencies or fiat money. Typically part of an Initial Coin Offering (ICO), these events allow early supporters to buy tokens at fixed or tiered prices to finance the project's development. However, ICOs, popular from 2017 to 2018, revealed significant risks, including scams and unregulated practices, making it a risky venture for investors.
ICOs exploded in popularity from 2017 to 2018, showing both the potential of the model and the significant risks involved, including scams and failed projects.
Crowdsales allow early supporters to acquire tokens at a fixed or tiered price, funding the development of a project before it is fully launched.
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