2. What is ITO?
ITO, or an initial token offering, otherwise known as crypto-tokens, at a price below the nominal value. In fact, it is a form of fund raising. Funds raised during the ITO, otherwise known as crowdfunding, are usually used to bring products to markets and develop business. At the same time, the crypto-token holder benefits both directly from the purchase of crypto-tokens at a discount at the early stage of crowdfunding, and potentially in the future, with an increase in the price of a crypto-token due to demand on crypto-exchanges.
Typically, a crowdfunding campaign announces the minimum amount of funds which should be raised so that ITO is considered successful. For the NagriCoin crowdfunding campaign this figure is $500,000.