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An initial coin offering (ICO) is a type of fundraising used by early-stage cryptocurrency ventures to obtain capital from supporters by offering tokens in exchange for funds. Unlike traditional funding methods, ICOs are not regulated, which means they are not subject to the same rules and regulations as other investment opportunities.

ICOs have gained popularity in recent years as a way for startups to raise funds quickly and efficiently. However, this lack of regulation also means that ICOs can be risky for investors, as there are no guarantees of return or protection against fraud or market manipulation.

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