June 7, 2023
Crypto Accounting Software: DeFi Accounting
Discover how Decentralized Finance (DeFi) impacts the accounting industry, the role of crypto accounting, and the features of dedicated crypto accounting software.
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An Initial Coin Offering (ICO) is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin or ether. It's somewhat similar to an Initial Public Offering (IPO) in the non-crypto world. ICOs can have implications for revenue recognition and investor rights in crypto accounting.
The ICOs of projects like Ethereum in 2014